Today we were joined on the show by business owner Phil Billick of Valley Ridge Farms. Phil was one of MVP’s earliest coaching clients with a prior company he started and he is also Jack’s nephew! During the show today Phil shared his story of not only starting, growing, and then eventually selling one business, but also how he’s been involved in starting several more including his 800 acre farm in southeast Ohio.
It can often feel like your business partner is your “work spouse” because you typically see so much of each other that you can finish each other’s sentences. But does this mean that like marriage that a business partnership should be until one of you passes away? Is this why any time you talk to your attorney or accountant they’ll ask about whether or not there is a buy/sell agreement in place, key-person life insurance, and a litany of other things?