What do you make of brokers who are life partners and business partners? It’s actually quite common for a broker’s partner to become more and more involved in the business over time. It's the reason why there are many life-and-business-partner teams out there. Naturally, there are many pros and cons to this common arrangement.
In this episode of Mortgage Broker Acceleration, James Veigli and Ash Playsted discuss the common mistakes and missteps that broker couples make – and what they should do instead. Tune in to learn how to make living and working with your partner in your mortgage broking business work for you.
The Key Questions
Why is it crucial to have clear mutual expectations? (7:37)
Why should you have a clear separation between work and life? (14:30)
What is the difference between a partner being a formal vs. informal part of the business? (11:49)
Why is having a bigger purpose behind the partnership important? (18:33)
What You’ll Discover
A major mistake that many brokers make (5:44)
How to think about the business as having a frontstage and backstage environment (9:48)
How to empower your partner in their business role (13:13)
The importance of discussing your end game (16:36)