I rarely see business partnerships fail.
Because the ones that explode usually do so long before they sit down with me for a coffee. I think every business owner has a Partnership horror story – if not your own, then one you’ve heard from someone close.
Are these preventable? Let me deal you in…
Know When to Walk Away…
I’ve won my fair share of poker tournaments. (Four to be precise, if we include Panda’s bucks party and my Year 12 school retreat.)
Watch poker and you’ll see big flashy hands winning the chips – but in practice, the key to success isn’t knowing when to bet big it’s knowing which hands to fold.
The pros on TV? Fold hundreds of hands in a tournament, which of course end up on the cutting room floor because how boring is that to watch.
You can prevent partnership failures. Not by fixing the problems as they arise, but by avoiding those problems (and partners) in the first place.
When my clients uncover joint venture opportunities? When fans on reddit reach out for advice? And when my family looks to invest in private companies?
These are the 8 Partnership Questions I ask.
Next Steps
Want to learn more about how this can apply to your business? It costs nothing to chat:
- Email me jacob@jacobaldridge.com (I read them all)
- Call, Text, or WhatsApp me +61 427 151 181
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