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Facing the Challenges of Taking on a Business Partner

When a solo-owner or entrepreneur knows that partnering is the next best business decision—be it for start-up, expansion, for future transition, or sale—paving the way with a well discussed, communicated, thought-out relating style is essential to avoid future conflicts. Consciously facing the need to come together with one or more business partners and pairing that with one's own strengths and weaknesses around communication and expectations demands clarity and choices about where change will be necessary—and just where it "ain't going to happen." Choosing the right business partner That's where an expert in both relationships and business comes in to guide you to help you clarify what you want in your business and how a business partner relationship fits your end goal. A business partner coach can then help you assess the candidates and coach you in discussions to ferret out that fit so you stay on track with your ultimate desired outcomes. Challenges of Communication in Business Partnerships The personality characteristics and strengths of the entrepreneur or business owner often run counter to, or do not co-exist well with, the needs of a mutual on-going working business partner relationship, let alone a binding partnership. It's a well-known fact that many (but not all) founder, owner, entrepreneurs are visionaries who follow their own drumbeat. They do not necessarily "play well with others." It's not that they don't care about others, it's that they tend to be self-focused on the business they develop. They want to be in control of [...]

Jumpstart the Next Stage of Your Career with a Complimentary Coaching “Discovery Call”

These past few years have catapulted some personal and professional lives forward — often if you were in the right industry at the right time, and you were lean, mean, and agile. If your position was indispensable to the company in the midst of cutbacks. If work from home (WFH) was seamless for you and your employer or your business. Or you may be part of The Great Resignation 2021 an example of which is a record 4.4 million Americans quit their jobs in September 2021. So far this year, 34.5 million Americans have quit — millions more than anything ever seen before. With all these life and work shifts you may be assessing if the opportunities during this global shift are relevant or desirable now—for you. At the same time, an overwhelming number of careers and businesses stalled out at the end of 2019. Growth or transition planned for 2020 was road blocked. You may have been eyeing next opportunities or even in conversations with a company you hoped would find you an attractive candidate. Suddenly many doors were closed. Business owners hung on for many months, watching for positive economic signs to hire and expand again. In this same scenario, enormous numbers at the low economic end were laid off or on unemployment for so long, 2/3rds  consider changing fields or occupations. The hit on women’s careers and equality has been devastating with many working mothers forced to step away from their careers. While you may have experienced these [...]

Choosing Among 4 Business Partnering Styles to Understand Their Impacts Your Business

Business partners work successfully together when they are coached to acknowledge individual differences but work toward common agreements. Doing so they acquire the mindset, tools and skills of a long-lasting and successful partnership. In this article you’ll be introduced to four relationship styles entered into by business partners. In the four articles indicated throughout and at the end of this overview, each style will be discussed in greater detail. Unlike relationship therapy or counseling, coaching for relationship style empowers you with skills and tools so you start and stay aligned as business partners. This way you can focus on building your business together! Unconscious Assumptions and Expectations of Varying Relationship Styles Each business partnering style comes with conscious or unconscious assumptions and expectations. These in turn contribute in different ways to the communication and decision-making between the business partners or owners. These interpersonal aspects include: Feelings of ease, trust, respect, and the ability to count on one another. A sense of individual contribution, recognition, and loyalty. Ease and openness of communication. Invitation, support, and encouragement of unique perspectives as part of a creative culture. A commitment to working on the “same team,” An attitude that “We can resolve anything together,” in navigating decisions and differences that impact personal satisfaction, as well as business success. Unique Differences Between Relationship Styles Each style is briefly analyzed along the following dimensions: The conscious or unconscious relationship mindset or perspective. This dimension is about ultimate decision-making power within the partnerships. It [...]

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