15 Questions for People Who are Considering a Partnership
by Dr. Dorene Lehavi
Published on this site: October 6th, 2005 - See
more articles from this month
Is the person you are considering the right one to be your
partner? Here are some important questions to ask each other
before you sign an agreement.
Suggestion: It is better to answer them alone, in writing
before you discuss them out loud preferably in the presence
of an unbiased trained observer who can point out the subtle
differences important to note.
Another suggestion: After you have answered each question,
go back and answer them again in much greater depth. Allow
sufficient time and don't do it all in one sitting.
- Why do you want a partner?
- Why do you want me as a partner?
- What strengths will you bring to this business?
- What strengths do you think I am bringing to this business?
- What is your vision for this business?
- What personal goal do you want this business to fulfill?
- Where do you want to be in 3 years? 5 years? 10 years?
- Should we be equal shareholders?
- How will we resolve disagreements?
- What do you envision will be the area from which you
will derive the most satisfaction from this business beyond
financial success?
- What will be the area of most stress?
- How will this business change your life?
- What areas do you suspect are the most likely for problems
to appear between us?
- Which of your traits will most likely be a source of
annoyance to me?
- What about me will most likely be a source of annoyance
to you?
Choosing a partner for business is as complex as choosing
a partner in marriage. The shocking stats are that 70% of
all partnerships don't make it. Therefore, it is important
for you to know as much as possible about each other at the
outset. Just like in a marriage and life in general, there
will always be situations and times you could not have predicted.
Having a coach help you develop tools for communicating and dealing with the business while tempering
emotions and diversions of attention is a wise and cost effective
insurance on your financial and emotional investment.
Dr. Dorene Lehavi, Ph.D. is principal of Next Level
Business and Professional Coaching. She coaches Professionals
and Business Partners. You can purchase her ebook or soft
cover editions of Stop Doing What You Hate.Start Doing What
You Love at http://www.StartDoingWhatYouLove.com.
Contact Dr. Lehavi at [email protected]
or on the web at http://www.CoachingforYourNextLevel.com
and sign up for her free newsletter, Mastering Your Next Level.
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