Renegade Ventures
Ellie and Maggie welcome Mary Kay Shields, owner of Triple Crown Dentistry in Louisville, to discuss the often-unspoken reality of owning a business with a spouse and navigating divorce alongside a partnership split. Mary shares her path from starting her dental practice in 2012 to expanding into a larger, purchased 8,000-square-foot building in 2019, and how differing leadership styles created team division and conflict despite years of intensive counseling. After deciding the marriage and business partnership couldn’t continue, she describes employee turnover, the relief of resolved conflict, and rebuilding culture and leadership through executive groups like Vistage. Mary also recounts a major mistake made during a tax-related entity change when she unintentionally documented 50/50 ownership, complicating the divorce and buyout, and emphasizes leaning on experts—attorneys, accountants, and advisors—and following through on their guidance. 00:00 Podcast Catch Up 01:10 Meet Mary Shields 03:45 Mary’s Dental Journey 06:25 Building The Practice 09:21 Marriage And Leadership Rift 14:10 Decision To Separate 16:45 Rebuilding With Vistage 22:46 The 50 Percent Mistake 28:42 New Culture And Confidence 32:28 Advice For Business Divorce 35:33 Behind the Scenes Shoutouts 36:15 Why This Topic Matters 38:16 Meeting Through Vistage 38:59 Marys Dental Journey 41:47 Building the Practice Together 44:40 When Partnership Breaks Down 49:36 Divorce Decision and Team Fallout 53:39 Rebuilding Leadership and Culture 58:43 The 50 Percent Ownership Mistake 01:04:35 Confidence Returns and New Culture 01:08:43 Advice for Others Mid Divorce 01:10:21 Final Thanks and Wrap Up
12 episodios
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