Power Is Multiplied Through Partnerships

Social Proof Podcast

Social Proof Network

Business, Entrepreneurship

4.9 • 2K Ratings

🗓️ 11 November 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

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A business partnership is a legal agreement between two or more entities that determines shared ownership and operation of a business. A partnership may be between two people, two businesses, or shared among any number of people and organizations.

A business partnership usually begins with a verbal agreement between the business partners to form a new business or share an existing business, and that agreement is then confirmed by a written document outlining the type of partnership and details of the arrangement, signed by all parties.

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Transcript

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0:00.0	One, a partnership works when everyone works on themselves.
0:05.3	Two, create the plan and then give some people your plan.
0:11.8	Your plan, the one you created with, your concept, your idea, and be clear saying,
0:17.0	yo, here's what I would like to do. You can be a part of this. Now it's something I want us to do together, but here's the plan.
0:26.5	And I'm giving you an opportunity to be a partner in this plan that I have.
0:31.6	Another huge takeaway is if you are going to get in
0:35.6	partnerships, make sure you're managing the expectations up front. Partnerships
0:40.9	are hard, but when they come together, oh my gosh, if you can get all the sticky stuff out the way, it's magic.
0:50.0	It's literally magic, but you have to be the leader to make sure everyone is working on themselves.
0:59.0	And ask some questions like this.
1:02.0	Yo, what are some things that can get in the way of this partnership?
1:06.4	What are some things about your personality
1:08.2	that in past partnerships or past relationships,
1:12.1	you can say that you mess that up.
1:15.0	What are some things about your personality that could crash this relationship?
1:19.0	Just have all these conversations up front.
1:22.0	745 a.
1:23.0	Catch me on the morning meet up.
1:25.0	Hoped to by David Shains.
1:27.0	I want to announce that yesterday I had some trials and tribulations.
1:36.7	Has some weird stuff happened yesterday,
1:39.4	and I still found time to take my wife out and I just realized that it was a part of it.
	...

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