The Secret to Long-Lasting, Profitable Business Partnerships

Posted by Melanie Benson Strick - March 10, 2010 - Business Strategy - No Comments

partnersI’m a big proponent of focusing on your strengths in business. For many of us, that means there are a lot of tasks and roles that we need help with.

I also think that working alone is like entrepreneurial kryptonite. Many of us creative people thrive in the collaborative process, uncovering ideas, resources and leads we could never access alone.

So enter the idea of business partners.

Two or more people who compliment each others strengths and see what’s possible by joining forces.

HOWEVER, before you go jumping at the first person who would love to partner with you to achieve the dream, there is a secret to entering into business partnerships that will actually thrive and not enter into “business divorce court.”

Here are some facts:

• I’ve seen statistics that over 80% of new business partnerships fail.

• After 9 years of coaching entrepreneurs I’ve found that only 1 out of 5 business partnerships are actually thriving.

• Most entrepreneurs enter into the partnership with unrealistic and unspoken expectations that can later sabotage the relationship.

• Over 70% of failed business partnerships end in badly or in court.

Now I’m not saying this to scare you but rather to help you recognize how important it is to learn the secret to creating a thriving, profitable partnership from day one.

That’s why I’ve invited Business Partnership expert, Dorene Lehavi to join me as my Extraordinary Results Academy guest Wealth Mentor on March 17th.

In Dorene’s experience working with hundreds of business partners, she has found that a big part of long-lasting success in a business partnership starts with YOU. So we are going to explore in this training call:

• How to recognize the 7 warning signs of a bad partnership (before you plunge in)

• What makes for good Ongoing Partner Compatibility

• How to Prevent and Manage Conflict that can sabotage even the strongest partners

• A simple technique that helps partners thrive from day one

• What to do if you find yourself in an un-equitable partnership that is draining you or your bank account

You are invited to join Dorene and I for this training call as a trial member at just $9.95 for the first month. For the price of 3 Starbucks latte’s you’ll have the clarity you need to create a six-figure partnership that thrives!

Live training participants get a chance to get coaching and support from myself and the expert. Training is recorded and sent to members who can’t make the call live.

Before you go…what are your questions or challenges around business partnerships? Be sure to post them in the comments below!

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