Most business owners don’t think they need a contract… until something goes wrong. In Episode 52 of Start It or Scrap It, Mike and Gummi break down why contracts aren’t about being “formal” or “corporate” — they’re about clarity, protection, and survival. We cover: - Why verbal agreements fail when things get tense - The real cost of “we’re cool, we don’t need paperwork” - How contracts protect both sides - The difference between trust and documentation - Why contracts actually make relati...
All content for Start It or Scrap It is the property of Michael Terkanian and Mr. Gummi and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Most business owners don’t think they need a contract… until something goes wrong. In Episode 52 of Start It or Scrap It, Mike and Gummi break down why contracts aren’t about being “formal” or “corporate” — they’re about clarity, protection, and survival. We cover: - Why verbal agreements fail when things get tense - The real cost of “we’re cool, we don’t need paperwork” - How contracts protect both sides - The difference between trust and documentation - Why contracts actually make relati...
Should You Hire Friends? Hard Truths Every Founder Must Hear | Ep. 33 | Start It or Scrap It Podcast
Start It or Scrap It
1 hour 37 minutes
4 months ago
Should You Hire Friends? Hard Truths Every Founder Must Hear | Ep. 33 | Start It or Scrap It Podcast
Hiring a friend can feel like the perfect solution—built-in trust, easier communication, shared vision. But what happens when things go sideways? In Episode 33 of Start It or Scrap It, Mike and Gummi dig into one of the hardest business decisions: should you hire friends or family? From mismatched effort and pay issues to the potential for destroyed relationships, we break down real-life stories and tactical advice you can use to avoid costly mistakes. We also dive into questions about hand...
Start It or Scrap It
Most business owners don’t think they need a contract… until something goes wrong. In Episode 52 of Start It or Scrap It, Mike and Gummi break down why contracts aren’t about being “formal” or “corporate” — they’re about clarity, protection, and survival. We cover: - Why verbal agreements fail when things get tense - The real cost of “we’re cool, we don’t need paperwork” - How contracts protect both sides - The difference between trust and documentation - Why contracts actually make relati...
