Avoid These Common Partnership Disasters with Hosts, Eric Miller & Eric Gersch

The Financial Beast Podcast for Practice Owners

Avoid the pitfalls of bad partnerships and take back CONTROL of your financial destiny today! Partnerships can either help you expand your business or lead to devastating financial and emotional consequences. In this episode of the Financial Beasts Podcast, Eric Miller, co-owner and chief advisor at Econologics Financial Advisors, uses his expertise to help you identify and avoid common partnership disasters. From learning how to align goals and roles with your partner to creating strong agreements that protect you, this episode has everything you need to build a thriving practice without the headaches of a bad partnership.

Discover how to maximize the value of the partnerships you create, build personal wealth, and achieve financial freedom by making smarter decisions. Whether you’re starting a new venture or looking to improve an existing partnership, this actionable guide will help you navigate challenges and create lasting success.

Eric Miller and the team at Econologics Financial Advisors specialize in helping healthcare practice owners like YOU elevate your financial experience. Their proven strategies are designed to turn your practice profits into personal wealth while avoiding common financial pitfalls. Remember—your financial freedom starts with taking control now.

💡 Ready to become a Financial Beast? Start building your wealth and expanding your business today! Subscribe for expert financial training and let us help you on your journey toward financial independence.

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CHAPTERS:

00:00 - Intro

02:01 - Why Partnerships Go Bad: Common Issues

04:36 - The First Bad Sign of a Partnership: Warning Signs

08:29 - The Second Bad Sign of a Partnership: Red Flags

14:04 - What Makes a Bad Partnership: Key Factors

15:52 - The Importance of Agreements: Legal Necessities

18:00 - What is an Operating Agreement: Definition & Purpose

22:05 - How to Leave a Partnership: Exit Strategies

23:51 - What Happens if a Partner Dies: Consequences & Solutions

24:56 - Core Things to Have in Place: Essential Elements

26:00 - It's Never Too Late to Get on the Same Page: Reconciliation Tips

26:49 - You're Not Stuck: Finding Solutions

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If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

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Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.