It is estimated that up to 67% of business partnerships fail in the first five years. So why wouldn’t you do everything you can to increase the chances for success of your partnership?
Combining her expertise in the startup world along with her knowledge of Fortune 500 Companies, Barri’s process prepares you for what to expect. In her “Creating Great Business Partnerships” workbook, Barri reveals the critical process that you have to go through before and during the development of a partnership, and the planning for after. For the price of less than one hour with an attorney, you will enhance your success in forming a lasting business partnership.
“Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down.”
~Oprah Winfrey
If you are looking to build a stronger foundation for your partnership; if you want to avoid the pitfalls that come along with almost every partnerships; “Creating Great Business Partnerships” workbook will help you do so.
Take a peak of what is inside the book:
Business partnerships, like marriage, will succeed or fail largely on the compatibility of the people involved and the mutual investment of time in the relationship. And while not all partnerships are destined to succeed, some are formed to flourish. Barri’s workbook helps you plan for the unknown in order to set strong grounds for a successful partnership; or avoid the agony of a failed one!
“It has become increasingly difficult to achieve great success in today’s complex business environment by forging ahead on your own.” Barri Carian, 1999
The workbook takes you and your partner(s) through a strategic process to figure out the answers to critical questions going beyond only the basic questions and superficial answers. While knowing your potential partner’s skills and functional expertise is important, it’s only the beginning of the selection process. Click here for more information on available packages.
Creating great partnerships requires doing your homework up front, asking a myriad of questions, such as:
| - Reasons - Why Partner?
- Pitfalls – How to Identify Them and Resolve Them? - Courtship – How to Do Your Due Diligence? |
- The Wedding – How to Make it Legal?
- The Marriage – How to Keep it Going? - Reality – Can It Really Last Forever? |
8 Great Takeaways You Will Get With This Workbook
Takeaway #1 – A step-by-step process for assessing the compatibility and fit of a potential business partner.
Takeaway #2 – The 13 most common mistakes people make when entering a business partnership and a process to avoid them. You’ll learn about the potential emotional and financial cost if you fall into the partnership pitfall trap.
Takeaway #3 – Specific, hands-on forms, questionnaires and tools that walk you and your partner through various assessments. From these you will learn from one another, core values, financial health, expectations and vision for the business and of each other regarding roles and responsibilities, decision-making, compensation and equity.
Takeaway #4 – A matrix to understand areas of potential conflict in core values, where you have alignment and a process to understand the true meaning and how these values impact and play out in the business.
Takeaway #5 – Specific tips on negotiating differences with your partner for a win-win, how to structure meetings for this purpose and how to create the best solutions.
Takeaway #6 – A process and the tools that will help you to create structure in your business partnership. Areas addressed are Contribution & Equity, Roles & Responsibility, Compensation, Decision Making & Authority Limits, and Exit Strategies.
Takeaway #7 – A list of items you will need to bring with you or have answers to when you meet with an attorney to codify your partnership.
Takeaway #8 – Tools to help you keep your partnership sustainable and on track. Included is a sample Partner Meeting agenda and an Annual Healthy Partnership Check-up.
For a quick overview on what to expect, Download Barri’s White Paper titled “Great Business Partnerships and How to Create Them” available at the top of our website.
Barri’s workbook is a must-have, if you are thinking about forming a partnership or a strategic alliance; it is a hands-on, do the work approach to help you do your due diligence and make better choices along with your partner(s). Keep in mind that engaging in the exercises and meetings prescribed in this workbook requires an investment of time and energy. If you elect to pursue this partnership, you will spend years together, so the hours you spend now in preparation for the partnership constitute a small investment with a potentially large payoff–saving you pain and difficulty further down the road. Click here to put yourself on the right track today!
P.S. Please note that this is not a legal book. In fact, you will need an attorney to codify the outcomes from this workbook.
