10/19/2026
“We had a plan of coming together. We did not have an exit plan.”
Nicole Blake-Baxter learned an important lesson about business partnerships while building what would eventually become The Blake Agency.
In this episode of Do Small Business Like a Big Boss, Nicole shares how she started a business with four friends, only to realize later that everyone had different goals. While they eventually went their separate ways, the experience reinforced why business owners need to think about how a partnership might end before it even begins.
Starting a business together takes more than a shared vision. It also takes clearm expectations about ownership, responsibilities, and what happens when someone decides to leave.
Have you thought about what would happen if one of your business partners wanted to move on?
Want to learn more about how to build, brand and bulletproof your business? Head on over to www.smallbizzlegalguide.com and grab the guide that works best for you.