Episode 110: Power Sharing for Profitability in Your Couple Partnership
Welcome to "Power Sharing for Profitability in Your Couple Partnership," the latest episode of the Real Bottom Line podcast. In this unique roundtable slash webinar, we delve into the experiences of Anthea Mumby and Douglas Pinnell, a dynamic couple who have successfully navigated the world of entrepreneurial coupleship for over 25 years.
Douglas and Anthea share their invaluable tips and tricks on how they've managed to work together harmoniously as spouses and business partners. Join us as they recount their journey and provide insights that can benefit anyone working with their significant other.
Anthea Mumby and Douglas Pinnell were the owners of an insurance brokerage that provided life, living benefits, car, home, and business insurance. A portion of the business was sold in 2020, with the remainder retained by Douglas, who continues to educate clients about life and living benefits insurance solutions. Anthea now provides consulting services to couple owned businesses.
Throughout the episode, our guests emphasize the importance of power sharing and defining individual roles within the business. Douglas specialized in the life and health side of the company, while Anthea focused on the property and casualty side. They illustrate how staying in their respective lanes and maintaining open communication have been key to their thriving partnership.
We address the common reactions they receive when sharing that they've worked together for 25 years, including the skepticism and disbelief from others. Douglas and Anthea reveal how they've overcome these doubts and proved that a successful professional partnership can exist within a marriage.
Drawing from their personal experiences, our guests also highlight the pros and cons of running a business with your spouse. They touch upon the benefits of trust, complementary skills, effective communication, and shared goals. Additionally, they offer practical advice on managing expectations, establishing boundaries, and finding a balance between personal and business lives.
Join us in this thought-provoking episode as we uncover the secrets of power sharing for profitability in your own couple partnership. Whether you're contemplating working with your spouse or seeking ways to strengthen your existing business dynamic, this conversation with Douglas Pinnell and Anthea Mumby is packed with valuable insights that can transform your entrepreneurial journey.