Real Estate Investor Magazine South Africa April 2014 | Page 66

LESSONS BY DENISA OOSTHUIZEN The human dynamic How to build strong business relationships B usinessman and author Colin J. Browne shares the lessons learned from his earlier days as a co-partner in the successful business venture SalesGuru, launched in 2005. Building a strong business partnership is a process of a lifetime, a never-ending process. We tend to treat it as a project, like “finding the right partner” instead of taking it as it is. If you look back and connect the dots, you will probably find people in your life about whom you wonder what they are up to now, or where they are in their lives. As long as you are meeting new people, looking for new ideas, partnerships tend to happen by accident. They really do. If you actively go out looking for a partner, chances are that you will struggle to find someone who fits in with your plans. that in our partnership. It was always a matter of what needs to be done, and who needs to do it. Trust is vital. Beyond that, you learn the dynamics of partnerships over time. You cannot know what will happen from the start. You will most probably find a venture capitalist with money, or an investor. If you want someone who is more like you and understands you, it will probably not happen deliberately. In any partnership there are arg uments and disagreements, no matter what. You have to be able I believe that having different skills is probably the most important criterium in choosing a business partner. That was why it worked out with our business, SalesGuru. My two partners and I had different skills: they were strong in operations and sales, while I was very good with the content for the magazine SalesGuru. Otherwise, I do not think we would have succeeded in growing the business. in terms of the way you regard teamwork, work ethic, and the way you trust and are trusted by others. Work ethic is essential. If you have a partner about whom you constantly feel the need to ask “are you going to do that or not?”, you have a problem. We never had 64 April 2014 SA Real Estate Investor SUBSCRIBE to be honest with one another. You have to be prepared to know that when people are brutally honest, you are not always going to like what you hear. Sometimes there will be things that you do not really want to hear. You have to be able to hand le mat ure conversations. “This is what I agree with; this is what I do not agree with”. You have to accept the others’ point of view. If you cannot do that, you will not be able to go anywhere with the partnership. We are all human beings with own issues, but we have to be able to have these conversations. That said, we cannot know for sure how things will turn out. Do your best, and keep learning in the process. RESOURCES www.wealthwisemag.com www.reimag.co.za