Forming a Successful Business Partnership

Forming a Successful Business Partnership
Author: Jacklyn Saunders
Publisher:
Total Pages: 52
Release: 2015-06-01
Genre:
ISBN: 9781533570376

Starting a company takes time, dedication, and perseverance. More often than not, new business owners underestimate their own workload, especially in terms of what it takes just to get their company up and running. It's easy to burn through time and money without even realizing it, all of which is happening when the stakes are high and you're under pressure as you try to ensure the company's success. Being an entrepreneur requires taking risks, as I'm sure you were aware when you signed up. And in this critical infant stage of your business, you know that if it doesn't work out, you may never recover from the loss of resources and self-esteem. This scenario is stressful and frustrating enough. Add a partner's expectations and differences of opinion, and it can have disastrous results. Now consider if that partner is a close friend or even a spouse. Don't get me wrong, I'm certainly not suggesting that you should go it alone. Having a business partner can be incredibly advantageous, since that means you're sharing risk, responsibility, and financial investments. Considering these types of assets, having a partner may even be the difference between being able to start a company vs. falling short of having the resources you'd need to even begin. However, with that said, there are certain aspects of the partnership arrangement that you need to think about, talk about with your partner, and formalize in writing - yes, even if they're your spouse. This book will lead you through the 9 specific components of business partnership that - for the sake of your company, your own personal finances, and your peace of mind - must be formalized in writing. It doesn't matter how well you (think you) know the person you are considering going into business with. The items covered in this book are absolutely crucial to the successful start and end of a partnership, and may well be just what helps protect the relationship you had together before starting the business. If you are considering starting a business with a partner, or if you are already in the process of doing so, then this book is a must-read!

The Partnership Charter

The Partnership Charter
Author: David Gage
Publisher: Basic Books
Total Pages: 276
Release: 2008-08-05
Genre: Business & Economics
ISBN: 0786725265

In The Partnership Charter, psychologist and business mediation expert David Gage offers a comprehensive guide to the art of establishing and maintaining a business partnership. The centerpiece of his approach is the Partnership Charter, a document that clearly outlines the goals, expectations, responsibilities, and relationships of the principals. The charter identifies potential sources of conflict and how they will be resolved, while addressing such sensitive issues as personal styles, values, money, and power. Illustrating every principle through engaging stories drawn from Gage's front-line experience consulting to business partners, as well as interviews with the founding partners of such successful businesses as Progressive Insurance Company and Manpower, Inc., The Partnership Charter dispels common myths and presents a practical framework for launching, building, and sustaining a thriving business partnership.

Let's Go Into Business Together

Let's Go Into Business Together
Author: Azriela Jaffe
Publisher:
Total Pages: 292
Release: 2001
Genre: Business & Economics
ISBN:

An invaluable resource for anyone who is considering a small-business partnership or who is trying to work through the inevitable concerns that arise. Copyright © Libri GmbH. All rights reserved.

Business Partnership Essentials

Business Partnership Essentials
Author: Dorene Lehavi
Publisher: Walter de Gruyter GmbH & Co KG
Total Pages: 152
Release: 2017-12-18
Genre: Business & Economics
ISBN: 1547400188

Business partnerships are vital to the US economy yet their failure rate is alarming: 70% of them don’t make it. Dr. Lehavi is leading the charge to reverse this statistic. As a business partnership relationship coach, she intimately knows the impact that these partnerships have on cofounders, employees, customers, families, local communities, and global markets. Business Partnership Essentials walks you through every phase of the process—from choosing the right partner and operating your business on a daily basis, all the way through to exit and planning for the unexpected. This book is not a book on business startups and so it does not address the finances of starting up a partnership, but rather, it focuses on agreeing on all aspects of your relationship with your business partner. Following Lehavi’s guidance will ensure that you’ve done everything you can to help your partnership succeed.

Business on a Mission

Business on a Mission
Author: Andy Last
Publisher: Routledge
Total Pages: 113
Release: 2017-09-08
Genre: Business & Economics
ISBN: 1351285181

Bronze winner of the AXIOM Business Book Award in the category of Philanthropy, Non-Profit, Sustainability. Please see: http://www.axiomawards.com/77/award-winners/2017-winners This easy-to-read and engaging book is the perfect introduction to how to build a sustainable brand for your organization. Intended as a roadmap that can be readily applied by busy managers and practitioners, the book includes interviews with business leaders, including Paul Polman of Unilever, Adam Elman of Marks & Spencer, and Jonas Prising of ManpowerGroup to provide insight into best practice and clear guidance for implementation. Throughout, the book avoids jargon and theorizing to ensure readability. Business on a Mission is based on more than a decade working with some of the first businesses to develop social missions and shows the foundations behind their success. It looks at how businesses can profit from working hand in hand with society and identifies a model for success. The book demonstrates how businesses can go from hiding behind "social shields" to picking up "social swords" and presents the six criteria to look for in assessing a social mission. It also focuses on how good communications can build trust and bring about positive change; and it provides clear ways to engage employees and improve productivity as well as "rules" for communicating social missions externally. This optimistic book explains the benefits of partnerships in the sustainable development agenda, particularly between businesses and NGOs. The book features guidelines for avoiding dysfunctional partnerships, and presents interviews with Marc Van Ameringen, Executive Director of GAIN (Global Alliance for Improved Nutrition) 2005 to 2016, and Myriam Sidibe, Social Mission Director for Africa, Unilever, on how things can be managed to the benefit of both partners. .

Business Partner Management

Business Partner Management
Author: Klaus Krause
Publisher: Springer Nature
Total Pages: 221
Release: 2022-09-28
Genre: Business & Economics
ISBN: 3658374756

This professional book provides a structured, industry-independent and at the same time practical insight into all types of business partnerships. Both relationships with external business partners and internal partnerships with colleagues and employees are considered in depth. The authors guide you through all phases of these partnerships, highlighting the different aspects and offering proven methods and practical tips for working successfully with partners. The focus is on people as partner and individual with interests and goals. The comparison to private partnerships is quite intentional and illustrates the explanations. Findings from brain research, learning and cooperation are also included.

Strategic Business Partner

Strategic Business Partner
Author: Dana Gaines Robinson
Publisher: Berrett-Koehler Publishers
Total Pages: 300
Release: 2005-03-01
Genre: Business & Economics
ISBN: 157675801X

Research clearly indicates that there is a strong need for the Human Resources (HR) function, and the people in it, to adopt a more strategic and business-linked approach. In one study business executives ranked the HR function as third, after sales and customer service, as a function that makes a very significant contribution to a company's bottom line. Unfortunately research also indicates that few HR functions have become strategic. Most still operate in a primarily administrative and tactical manner—the very work that is increasingly being outsourced. Clearly there is a gap between what business leaders and employees need from their HR departments and what HR is providing. HR functions must become more integrated into the business, with some people on the HR team assuming the role of Strategic Business Partner (SBP). Here, Dana and Jim Robinson offer guidance for HR, Organization Development and Learning professionals who aspire to transform themselves into effective Strategic Business Partners. They explain how SBPs build partnerships, based upon credibility and trust, with key organization leaders. These partnerships provide SBPs with opportunities to identify and support projects directly aligned with business goals. The success of these projects deepens the SBPs' credibility, enabling them to be viewed as strategic partners. At this higher level of accountability, SBPs work with business leaders to form long-range business strategies and plans, creating and implementing people initiatives that link into and support the business strategies and plans. This practical guide offers case studies, exercises, tips, and tools you can use to become a Strategic Business Partner in your organization.

Siblings and the Family Business

Siblings and the Family Business
Author: Stephanie Brun de Pontet
Publisher: Macmillan
Total Pages: 144
Release: 2012-10-16
Genre: Business & Economics
ISBN: 1137274808

The family business becomes much more complex as it goes from the founder/entrepreneur to next generations. As more family members work together several challenges become apparent and can threaten the business if not addressed. This book, written by experts in the field of family business, shows the family members how to confront the problems and how to create solutions. Including: -Acknowledging that change needs to happen class -Building a formal structure around the business… including decision making processes -Strengthening both personal and professional relationships -Determining who has a role in the family business (spouses, children) -Creating a process to address conflict And more. The authors have over 50 year work experience in family business - from their business research at top universities, to their global consulting practice.

How to Make Partner and Still Have a Life

How to Make Partner and Still Have a Life
Author: Heather Townsend
Publisher: Kogan Page Publishers
Total Pages: 364
Release: 2019-12-03
Genre: Business & Economics
ISBN: 0749498382

Becoming a partner in a professional services firm is for many ambitious fee-earners the ultimate goal. But in this challenging industry, with long hours, high pressure and even higher expectations, how do you stand out from the crowd? How do you build the most effective relationships? And how do you find the time to do all of this and still have a fulfilling personal life? Now in its third edition, How to Make Partner and Still Have a Life equips individuals at the start of their career through to partner with the skills needed to reach and succeed at the leadership level. How to Make Partner and Still Have a Life details the expectations and realities of being a partner and outlines how you can continue to achieve once you have obtained the much-coveted role. This edition is updated with guidance on developing the right mindset for success and the importance of mentoring and sponsorship. There is a specific focus on women and BAME professionals and the challenges faced by individuals coming from non-traditional or under-represented backgrounds. Heather Townsend and Jo Larbie provide a guide to help you tackle common obstacles and work smarter - not harder - to reach the top. Start your journey to partnership and still have the time for a life outside of work.

Power Partnerships

Power Partnerships
Author: B. Vincent
Publisher: RWG Publishing
Total Pages: 72
Release: 2023-04-19
Genre: Business & Economics
ISBN:

Power Partnerships: Mastering the Art of Business Growth through Partnership Recruiting is a comprehensive guide to creating successful partnerships for sustainable business growth. In this book, you will learn how to identify potential partners, develop a clear partnership strategy, establish effective communication channels, and overcome partnership challenges. You will also learn how to measure the effectiveness of partnerships and create a sustainable network of partnerships that drives business growth and success. With practical tips and real-world examples, this book will teach you how to create a partnership culture that encourages collaboration, innovation, and continuous improvement. You will also learn about emerging trends and predictions for the future of partnership recruiting in the evolving business landscape. Whether you are a small business owner, an entrepreneur, or a manager, this book will provide you with the tools and strategies you need to build successful partnerships that drive sustainable growth and success. So, if you are ready to take your business to the next level, Power Partnerships is the ultimate guide to mastering the art of partnership recruiting.