How Come So Many Business Partnerships Get Such A Bad Rap?

In This Episode

As a loyal listener to Dirty Secrets of Small Business, you’ve heard us talk about how we’ve been business partners since 2003. And we often say that our business partnership has lasted longer than most marriages. So are we just one of the lucky ones? Like those couples who celebrate their 50th wedding anniversary while others are on their third marriage?

So during tonight’s show we delved into why so many business partnerships get a bad rap. If you’ve been in a business for a while or know someone who has, chances are you’ve heard all kinds of business partnership horror stories. I’m sure you’ve also heard some good stories about business partnerships and tonight we shed some light on what makes for a good partnership and provided some suggestions for what not to do in a partnership. As I’m sure you can appreciate, knowing what not to do can often be more important than knowing what to do.

In addition to our current business partnership and some of our prior experiences, we also drew from several dozen clients we’ve had over the years where there were some truly stellar partnerships and ones that needed a little more work. Perhaps the most important part of the foundation for any relationship (business or personal) is the “T” word…trust. How do you earn it, keep it, and not abuse it? How do you know if your partnership material? Are you willing to accept your partner’s shortcomings? Do you like to keep secrets? Are you looking out for your best interest or that of the organization?

We hit on these topics and many more in tonight’s show. If you have some stories you’d like to share with us, shoot us an email at radio@maximumvp.com to let us know the details!