Tag: partnership

  • How to Decide If You Can Trust Someone

    There are times you instinctively know you should not trust someone. I have learned to trust my first gut reaction after getting in a business or personal relationship with someone I had second thoughts about only to be burned by them later. While I don’t think I can teach anyone how to develop an intuition on such matters, I can share some of the signs I look for in a person when I first meet them.  Here’s what I watch for:

    How to decide if you can trust someone intuition

    How they treat people whom they perceive “beneath” them. I watch closely the reaction to a restaurant server or an assistant when he or she messes up or fail to perform to the person in question’s standards. I remember one man who wanted to invest in one of my ventures yelling at a woman who served us the wrong beverage. It was an honest mistake. His reaction was clear enough to let me know I did not want to have this man as a partner.

    How they treat animals. I know this sounds crazy.  You don’t have to be an animal lover, but people who are cruel to animals are usually even more so to humans. Stay far away from them. I once did not hire someone who joked about shooting the neighbor’s cat with a BB gun for fun.

    Their business and personal history.  If the person you’re considering partnering with does not have business relationships that are long term that’s usually for a good reason: they have burned too many bridges and now you might be their next victim. Check their friendship network. If the important people in their life are all brand new, that should be a red flag as well.

    How they talk about their previous relationships. If the he quickly talks negatively about his former boss, girlfriend, business partner, without much prodding, chances are you’re the next in line after your deal goes sour.

    What’s important to them. Someone’s world view matters. A lot. If you are trying to align with someone whose priority, sensitivity and belief system is divergent from yours, think twice about it. Well, I’d go even further to say, just don’t do it. At one point I had people working for me who had great skills, but whose worldview were so different than mine that the longer we worked together, the more difficult our work environment became.

    What do you look for as you are trying to figure someone out?

  • How to Form a Great Partnership

    Partnerships are important part of business as well as ministry. Great partners can help you grow while a bad one can be the death of a dream. While we can easily form a partnership, it takes a long time to break one apart, sometimes with dire consequences. Here’s what I consider before going into a partnership with an individual or organization.

    partnership success

    Trust. If there’s no trust then you should never, ever go into any kind of partnership. If you get the feeling that the other party is waiting for you to mess up so they can get the upper hand on any situation, run for the hills.

    Respect. Whether it be business or personal, if you don’t respect the leader of an organization, then you shouldn’t create any kind of partnership, no matter how beneficial it looks on the onset. Once, I went to work for a man because I thought I could “bypass” my own lack of respect for him. Big mistake.

    Different skills. Find people and organizations that bring different skills to the partnership. If you bring the same skills to the table, you might not have a partner but a competitor.

    Compromise. No one gets everything they want. That’s just life. If you or your potential partner cannot compromise on the onset, you’re doomed.

    Defining the win. Wins can be vastly different even for people working on the same venture. Don’t assume that your partner’s win is the same as yours. Understand what they value and what they want out of the partnership. Managing expectations is critical in any relationship.

    Exit strategy. Nothing lasts forever. Even the best of friends often grow apart and move on. It’s imperative to have a clear, well-documented exit strategy for both parties. That’s where a good lawyer is worth every penny you pay.

    What else you add or change on this list?

  • Partnership as a Business Model

    Years ago I decided to make a major shift in my business. We moved from being a vendor of services and resources to our clients to becoming strategic partners. If we cannot be a strategic partner, we’ll most likely decline the work, specially if it’s an involved and complicated project.  This shift in strategy has had a very positive impact in our effectiveness, quality and  profitability.

    Lingua DMS TWR

    Yesterday The A Group unveiled to 28 different countries in Europe and north Africa a very large and dynamic online tool for TWR.org, the largest Christian broadcaster in the world. This online tool gathers media content from users world wide in 160 different countries and 200 different languages and organizes, re-purposes, and makes information available to multiple devices, i.e. phone, website, and download. The successful launch happened because of our strategic partnership and how the A Group team and TWR’s team worked together during the discovery and development phases. Here’s how I see strategic partnerships:

    Alignment. There are shared values on both teams. You cannot be a strategic partner with someone or an organization you don’t share common ground.

    Openness. You cannot partner with someone where open communication is not an option. Push back from both teams is critical in bringing a complicated project into completion.

    Respect. I often say we are not hired monkeys that just execute tasks. Without mutual respect from both teams, partnerships are disastrous. I have walked away from deals where I felt our expertise and experienced were not going to be leveraged or respected. In the past those projects seldom succeeded and when they did, the pain factor was not worth the money.

    How’s your work environment? Do you have more partnerships or do you feel more like a working “monkey”?