Business Partnership is one way businesses have come to being,and one way failing businesses have survived and ironically thriving businesses have failed,We are full of expectations when we think partnership and worried when we considered the challenging task of needing to deal with others we don't completely know. Many organizations have involved other organization and have laughed joyfully while many sobbed in doing so.
Let's look at some bulleting s about handling partners for a successful organization.
PUTTING YOURSELF IN THE PARTNER'S SHOES
With a careful observation and seeing through the eye of the business partner and considering fators justifying his vision,it is necessary to see what the partner sees,what he is lacking and what he is protecting and what the partner is not willing to risk and understand his motive.
WEIGH YOUR VIEW-POINT
Which side has the highest merit and which side carry the highest risk,how can you come to help where the partner is lacking? Is the expected result achievable together ? Nothing should be forced but carefully considered for a short time result and long time.Clearly hear and understand each other's view-point in this way you can comprehend where the point your partner's actions are coming from.
PARTICIPATION IN JOINT DECISION MAKING
Every business is a risk and every business person is a risk taker admittedly or not, your partner will want to be part of the decision making and be responsible for the fate of your Joint Venture. Encourage partner to be part of every decision, meetings, and fiscal matter to maintain smooth joint business operation.
UNDERSTAND THE IMPORTANCE OF NEGOTIATION
Negotiation can be the answer to take you to the next stage in your business .Learn how to negotiate,level every im-ballance situation and create a fair share for parties involved, if this is done properly ,success can be achieved.
Lastly you must understand the motive of the parties involved ,are they buying WIN WIN partnership with you or WIN LOOSE or even LOOSE LOOSE are they competitive or are they supportive are you to add or to subtract from each other.
Partnership can grow your organization and can crash it like a poorly maintained airplane.
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