HOW WILL YOU KNOW YOU ARE CHOOSING THE RIGHT BUSINESS OR JOINT VENTURE PARTNER?
DID YOU KNOW THAT 70% OF ALL BUSINESS PARTNERSHIPS FAIL?
Business and joint venture partnerships that work are great for many reasons, but 70% of them fail. Don’t allow yourselves to be one of the 70% of lost dreams.
5 or 6 figure costly breakups. Pain to a lot of people who are or were involved. Maybe you, your spouse or other members of your family will be investing money in your idea. Maybe things go so wrong that you no longer speak to your best friend or family member.
Maybe your expectations of each other are not what you think they are and you are needing to deal with endless misunderstandings and other mishaps.
ON THE OTHER SIDE OF THE COIN ARE THE 30% OF PARTNERSHIPS THAT SUCCEED, OFTEN BEYOND EVEN THE PARTNER’S LOFTIEST GOALS.
My name is Dr. Dorene Lehavi and in my over 20 years of mentoring and advising business partnership and joint venture relationships, I have learned the things that keep business and joint venture partnerships from succeeding and actually breaking up badly.
As with life overall, most business mishaps have to do with relationships and where there are partner ownerships and joint ventures, the first and foremost relationship is between the partners. The better the communication, trust and respect at the top, the more the business functions successfully including everyone from employees to customers. It all gets reflected in the bottom line.
The first and most important thing to do when choosing to partner with someone, whether it’s a big business or limited small joint venture is to get to know each other.
GET TO KNOW EACH OTHER
Not as friends, colleagues or family members, but as partners in a business. There are very important differences and some similarities.
It’s critical to communicate clearly about everything, learn where your beliefs merge and differ and build a rock solid trust. If that doesn’t happen, shake hands and walk away.
SO HOW DO YOU DO THIS?
To make it simple, I created a “15 Questions to Ask Before You Consider Becoming Partners” Guide. The 15 Questions Guide I prepared walks you through the extremely important questions to ask yourself and each other before deciding to partner and moving on to the next level.
“This is awesome. I wish I would have known about the 15 Questions before my previous partnership. It could have saved me $180,000 and a lot of aggravation. I don‘t think people understand how important it is to put everything on the table before making the investment in a business.”
SAD STORY PREVENTED
Even if you had a previous bad experience with a partnership, but want to try again with someone else, these 15 Questions will renew
your commitment and help you make sure you should collaborate together.
People ask me if they should go into business with a sibling, best friend or someone they just met. The answer is always,“Maybe, it depends.” You will change the maybe to yes or no after you’ve gone through the 15 Questions with each other.
A partnership is like a marriage. When you find your match, you can’t be sure it’s the right match until you date awhile. The 15 Questions will tell you what to talk about on your dates and lead you to the decision to plan the wedding or not. I have heard so many sad broken hearted, expensive break up stories that could have been prevented.
“I was considering entering into a business partnership and, luckily for me, I asked these powerful 15 Questions before we signed the deal. The questions were right on point and quickly showed me and my potential partner that we had different goals and different values. We decided not to hitch our stars to each other. So glad I had access to this wise counsel!”
Barbara Clegg MS,
RCC, Principal, Clegg Coaching & Training LLC
WHO NEEDS THE 15 QUESTIONS? – YOU DO IF
• YOU ARE CHOOSING A BUSINESS OR JOINT VENTURE PARTNER
• IF YOU HAVE A PARTNER AND WANT TO FILL IN THE GAPS OF GETTING TO KNOW EACH OTHER
WHAT IS IT?
This is a guide that walks you through the conversations you need to have before you or a potential business or joint venture partner take the next step. Whether partners are well-suited for one another or not, these key conversations will enlighten all concerned. The process of doing this will go a long way toward solidifying the right partnership and get you ready for the next step: your Partnership Agreement.
The 15 Questions is a 12 page guide on how to use these questions most effectively to find out if you and your potential partner are well suited to have a business together. It also includes a bonus…Improve Your Communication Skills.
Finding this out before you take the step towards a business partnership will save you untold amounts of money, day to day frustration and possible legal fees and even court battles.
YOUR INVESTMENT TO CHOOSE THE RIGHT PARTNER-THE 15 QUESTIONS AND GUIDE