Total Solutions or Total Disaster
31 May 2011 | Category: continuity-disaster-recovery | Author: admin
Business relationships need to provide you with the business you need. Whether you use an alliance, a leads group or a Power Team, you need to make sure that you are dealing with someone that is reliable, honest, and ethical. There have been many horror stories with relationships that have gone sour because one person did not live up to their side of the bargain. I worked with a person a few years back that wanted to develop a publishing house. He had the money and I had the expertise. This was great, but I was blind as to the pitfalls. The first thing we did was form a fifty-fifty partnership. He decided that I could be President of the company and he would take up the vice-presidents position. It worked well for a few months until he decided that he did not like the way I was managing the business. Since we were fifty-fifty partners, we were at a stalemate. I could no longer do what I thought was best for the company and he could veto everything we tried to do.
As a result, the company failed and we were both out of pocket. If we were experienced in this type of scenario, it would have been better to appoint a CEO or President and let them have more than fifty percent so they could effectively lead. The moral standards of both parties were excellent but we were not able to work together which resulted in a disaster both financially and personally. Even though I do not believe in burning bridges, if we ever meet again, it would be extremely awkward.
Sometimes even the greatest of intentions do not bring the business. Business relationships need to be taken care of and even pampered at times. If there is a sense that the relationship is not working, you will need to avoid any disaster by letting the other person off the hook and moving on.
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