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In this video, Mike discusses the importance of a well-defined partnership agreement for those currently in or considering a partnership. Drawing from his experience as both a sole owner and a partner, he emphasizes that each partner's roles, responsibilities, and accountability should be clearly outlined. He notes that ambiguity in these areas often leads to conflicts, with partners feeling that responsibilities are not being met. Mike stresses that, while partners are equals, having a designated person to provide overarching direction can be crucial for effective collaboration and success in a partnership.
