S7 E5-8 (Build your Core) How to avoid the top 5 mistakes Dynamic Business Partnerships make with Sarita Johan

S7 5-8 (Build your Core) 
How to avoid the top 5 mistakes Dynamic Business Partnerships make with Sarita Johan
  
INTRODUCTION
Welcome to Build your Core brought to you by the IBGR.Network - PROFIT Radio. The world of Business at Your Fingertips. GROW WITH US.
You are here with Sarita Johan, your host and I am the Partnership Coach for Dynamic Partnerships in Business and Life. My quest is simple, to see partnerships who are in Business Partnership succeed. 
The purpose of this weekly podcast is to provide you with insights, ideas, and tools to help you navigate the Dynamic world of Business Partnerships. 
Genius or recipe for disaster? Let’s find out.
In the next hour I will reveal the Top 5 Mistakes Business Partnerships make and how to avoid them.

Let’s take a closer look at the top 5 mistakes 

1. Lack of communication 
   
2. A loose plan or no plan
   
3. Misaligned values
   
4. Out of date or non-existing defined roles and responsibilities 
   
5. Perceived ideas on input and output of each partner
   

E5 The #1 killer of Business Partnerships (Communication) 

“Man’s inability to communicate is a result of his failure to listen effectively -Carl Rogers”.
Communication shows up in different forms in a partnership from conscious communication to what I call shut down communication. Why is this such a killer? Find out as I take you through the stages of communication and what you can do to improve and make this your superpower. 

1. Understand each other’s communication style
   
2. Do you know how to ask for what you need?
   
3. Verbal vs written communication, the unspoken rules 
   

Want to understand more on how you can identify your communication style, visit my website www.sjcoaching.com.au and I will send you a free resource to help you stay on track. 

#communication #active listening #people #partnerships


E6 How to pave the road for success in a Dynamic Business Partnerships
“If you fail to plan, you plan to fail”.  – Benjamin Franklin

Every business needs a story that includes a direction and how to get there. 
In Dynamic Business Partnerships this becomes even more critical. Why? It sets out expectations of where you are, where you want to go and how you will get there together ensuring you satisfy each other’s needs and desires. 

It is a key ingredient for success and in this episode, I will step you through the basics of what to look out for and the importance of making sure it remains relevant. Business changes happen continuously, and the landscape is ever changing. 

Keen to find out what you need? Click on my calendly link and let’s have a catch up to see where you are at and where you are going. Without a plan the risk of drifting apart and not staying aligned is what can end you up in murky waters. As the saying goes “you will end up somewhere but not necessarily reach the destination you desire.”

#planning #agreement #needs #business #coaching


E7 What nobody speaks of and what you and your Business Partnership must know
Business partnerships come about in different ways from best friends to business colleagues who admire and respect how each operates. Is that enough though?

There are some unspoken parts you only find out about once you are in this partnership; it would be genius if we could map out the entire journey, which in a way we can identify. I will cover this off in a bit more depth in a future episode. 

Often the highest intention of each partnership is the same to grow, start or exit a business together, however the idea of how to get there could be quite different. 

In Business you have core values, they are like the compass of your business. It tells others how they are expected to behave, the promises you make to both internal and external clients, what you will accept, in short it is the fabric of your business. 

On a personal level you will have your own set of values and beliefs. What is important to you and why? And do you know how to express this and make this known? It is where you will go when under pressure and being relaxed.


Let me take you through a quick process that is simple and super effective to get you started. As with everything in business there are many different layers we get to discover, things we get to find out about each partner and then it is the big question when it arrives how do we navigate?

1. List everything that is important to you both, write it down
   
2. Look at the key words and then ask why is this important to you
   
3. depending on how many values you are strongly connected to you might see some patterns across each of them
   
4. Share them with each other
   

#values #business #growth #focus #success 

If you would like to receive my values framework e-mail me on buildyourcore@sjcoaching.com.au


E8 How to avoid the power struggle, instead become each other’s cheerleaders in a Dynamic business partnership.

In good times and in bad times, I am sure you know this saying, this is the promise we make in marriage, does this apply to your Business partnership too? The answer is yes. Statistics show there are more split ups in Business partnerships than in marriages. These partnerships require special attention and loads of communication and clarity along the way in episode 1 you and I looked at the #1 killer being poor communication. In this final episode let’s look at the final piece that is often ignored or out of date. I have combined number 4 and 5 as they are relevant to each other, the lack of well-defined roles either outdated or non-existent which then flows into the perception of input and output of each partner. 

1. Identify what each partner is good at and how this will fit into the business. 
   
2. Keep the role description up to date make it part of your communication to self and others 
   
3. Well defined role description will avoid the imbalance creeping in, you agree and commit and avoid those pesky perceptions 
   

Join me next week where I will share with you “The Business Partnership Formula for success”. Thank you for joining me today, if you want to continue the conversation hit me up for a chat on buildyourcore@sjcoahcing.com.au, and if you found the content useful share it with others and subscribe on any of podcast platforms. My quest is to help as many business partnerships succeed in Business and Life. Genius or recipe for disaster?  Let’s go genius. 

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