2:
What makes a good
partner and a good
partnership successful?
What makes a good partner?
Relationships work best and last
longer when you share values. Your
best alignment with a business
occurs when both partners know
and share the same values, and are
also aligned on the “big picture”:
Meaning both partners have shared
vision, goals, purpose, and mission.
Relationships also work best when
there are complementary skills. You
both bring strengths to the table
that make the entire organisation
stronger. Ideally, this will create
‘synergy’. Great players make the
players around them better.
Great communication skills are
a must. Do both partners make
the effort to communicate with
one another or do things fall into
“assumptive thinking” and hope for
the best?
Emotional intelligence is also crucial.
When present in both partners, self-
awareness, self-regulation, internal
motivation, empathy, and people
skills allow conflicts to be avoided
and resolved, and for the partners to
gain momentum in the business.
Both partners also want to
manage agreements more than
expectations. Expectations, when
unstated, are the killer. They
generate powerful emotions. “I just
by involving a professional that
helps everyone to navigate
communication and work through
conflict in the relationship.
expected when we could take a
7-figure exit, we’d take it.” It’s easier
to manage an agreement than an
expectation. Agreements are not
emotional.
If you are creating a new
partnership then take the time
(and be patient) with establishing
a shareholders agreement (and if
appropriate a separate operating
agreement) that clarifies how key
decisions are made, conflicts
resolved, and how an exit (or
death) of a partner will be handled.
While these are uncomfortable
conversations, they are never easier
to address than BEFORE they need
to occur when a conflict arises.
3:
How do I make my
existing partnership
better?
4:
SYNRGY180
Comprehensive space-saving wall adjacent storage and functional training system
The Ugly: How do I
break up?
First off, take a deep breath. It’s OK.
Just because partnerships end
doesn’t mean you’re bad people.
Your first step is to stand back from
the situation and see where there is
alignment and where there is not.
Get clear on the path forward in
terms of vision, goals, purpose, and
mission. Review who you want to
serve and why. In fact, as you grow
your business, the more important
it will be to get clear on things like
ideal clients and messaging to them.
Engage in regular reviews of
agreements and strategic planning.
Go seek counselling. We’ve
seen a lot of business partner’s
work through tough challenges
Work with a business coach.
Having an outside expert support
conversations around business
strategy, opportunity, and more
accelerates your success (which
generally makes everyone
happy). It also allows for personal
and professional growth and
development on all sides to
continue (lack thereof is generally
what stalls business growth, which
leads to unhappy partners!).
FUNCTIONAL TRAINING SYSTEM
And take the time to really ensure
this IS the right time to end the
partnership by consulting and/or
working with a counsellor and/or
business coach.
But if it’s time for a transition to
occur, remember that not all (and
in fact most) business partnerships
last forever. This just means that what
was once working for both parties
was...
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SUMMARY ONLINE >>>
SMALL FOOTPRINT. BIG IMPACT
A functional training system that doesn’t take up valuable space.
Facilities can create an efficiently robust and versatile training area
that also includes ample storage.
YOUR SPACE. YOUR BUDGET
Configure the Synrgy180 to your facility size, budget and training
requirements.
MEET FUNCTIONAL FITNESS DEMANDS
Scalable size and the freedom to add a wide variety of training modalities
to create endless SGT concepts that perfectly match your exerciser needs.
MODERN DESIGN
Premium and inviting design improves the aesthetics of any facility.
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WHAT’S NEW IN FITNESS - SUMMER 2019