Are You Getting a Partner or an Employee? Business Brain 533

In this episode of Business Brain, we explore the intricacies of unpaid work and the dynamics of partnerships in businesses. We touch upon how Reddit moderators and event volunteers are compensated, discuss the value unpaid interns bring, and the importance of structuring unpaid work arrangements effectively.

Transitioning to partnerships, we delve into the challenges of partners displaying employee-like behaviors, stress the need for clear agreements, and highlight the significance of treating partners equally in terms of compensation and decision-making.

Throughout our conversation, we emphasize open communication, setting expectations early, and utilizing working agreements to prevent conflicts and misunderstandings. We encourage listeners to share their experiences and insights, fostering a dialogue on navigating partnerships and unpaid work arrangements in the business world.

• 00:00:00 Business Brain – The Entrepreneurs’ Podcast #533 for Wednesday, March 20th, 2024
  • March 20: National SBDC Day (Small Business Development Center)
• 00:02:08 Unpaid Workers – Reddit CEO Defends his $193 Million Compensation
  • Internships on Business Brain
  • SXSW Volunteers
• 00:06:34 SPONSOR: Shopify – For anyone to sell anywhere, sign up for a one-dollar-per month trial period at Shopify.com/BusinessBrain and take your business to the next level today!
• 00:08:21 SPONSOR: Squared Away empowers highly-educated military spouses to become trusted remote executive assistants, all working on US hours.
• 00:09:44 Beware the partner who is actually an employee
  • Equal Partners Need To Be Treated Equally
  • Engaged Encounter (for Business)
  • Working Agreement
• 00:21:35 BB 533 Outtro
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