The Real Reason You Want a Partnership
A lot of entrepreneurs and small business owners are on a search for a business partner. They are looking for someone that they can team up with and truly make their business rock. Two people together can accomplish much more than one. Well, sometimes that is the case.
If you want your business to rock by creating a powerful partnership, first you need to make sure that all the proper safeguards are put in place. Nothing is worse for a business than a bad partnership. A bad partnership can end up in all sorts of problems like: being held up because of illegal issues that your partner caused, ruined relationships, and lots of lost money, not to mention the stress that comes from consulting with and paying the lawyers when you decide to dissolve your partnership.
Many times these nasty dissolvements of business partnerships could have been prevented if enough time and effort was put in at the beginning of the relationship. The number one reason I have seen why partnerships go bad, is when people go into partnerships for the wrong reasons. Just like if two people are getting married to “be saved” or “to be loved,” their marriage is destined for trouble. If people are going into business partnerships “to be saved” the relationships aren’t likely to work. I have seen the results of the “to be saved” partnerships a lot. In fact I have been guilty of being in one myself.
A very professional and accomplished man approached me and wanted to invest in a venture together. I informed the man I thought he was incredibly gifted and that the idea was a solid one, but I was pregnant and on partial bed rest, so I would not be able to push the proposed, upcoming event very hard. He had no problem with that and said his strength was sales. He would fill the room with customers, and all I had to do was to deliver the content of a training and use my name in the event. I thought that I had died and gone to heaven. Someone was going to fill the room for me! I hated the sales part.
We moved forward, but when we approached the time for the event, only five people had signed up, and I was the one that signed them. I began wondering what was going on. My partner got mad and said that I needed to do more of the sales, even though we had agreed that was his part.
We had both fallen guilty of partnering “to be saved.” I wanted to be saved from the pain of sales. My partner wanted to be saved, really, from work, and wanted my name to give him celebrity. The “to be saved” desire didn’t work for either of us. The same theme, although the details are different, has played out over and over with my clients. Sometimes the real goal it is to get out of work, like in my incident.
Another really common reason that business owners want to partner up is out of fear of launching their business on their own. They have a deeply imbedded doubt that they can really make it alone, so they want someone to hold their hand and walk them through growing the business.
When a person makes a decision based on fear, it typically doesn’t work out that well for them. When two people come together in business because of their insecurities, they quickly learn that reason is not a solid place to build a relationship or a business.
Other problems I have seen in partnerships ocurr when one person really wants to be the boss and just tell the other person(s) what to do. The boss partner is actually looking for a worker bee. Again, that typically doesn’t turn out well.
In order to create a business relationship that works best for everyone involved, the two or more people planning a partnership need to be coming together in a healthy way where they are not joining due to lack, fear, or laziness. They should each be willing and able to give 100%, and on top of that, they should have developed and put to use the skills of working with others as co-leaders.
I have been helping entrepreneurs and business owners grow their business and balance the needs of home for over 18 years. Being a mother of 8, author of 20 books, former radio show host, and an award winning speaker, I can show you that balance and success is not only possible but vital to make more money, have more free time to be there for your family. Claim my free gift and Discover how to Grow Your Business on Your Own Terms Today at http://BizOnYourTerms.com
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