When it comes to finding a good business partner you have to make sure that you both are on the same page with what you wish to accomplish by working together. Often times we are so thankful that we have someone who we think is going to help us build, that we forget to ask questions, or we let things slide that we shouldn’t. Establishing a business that is going to last takes many factors and more than one person. You can’t build an empire alone, but be sure that the people you do decide to start a business with, or allow to work with you is also ready.
In this article I will be discussing several types of personas that you may cross in the business world and how to handle them.
The Person Who Always Agrees But Never Gives Any Input
Over the years I have attended required meetings for big companies that I worked for as well as conducted meetings of my own. When sharing the next big move that you believe the company should take or something new that could be implemented, if a person always agrees without reason ask them what do they like about your idea. The reason I say this is by asking for feedback it eliminates future conflict. Often people who just say, “Ok,” may not always completely agree with you and are afraid to speak up. There’s been too many times where I had people agree then later on express how they were upset with the decision they agreed on. Ask questions. “What do you like about that idea Bob?” “Are you certain you agree?” Find this information out so you’ll know the type of person you are working with. They also may have a thought that can make the plan even better.
The Partner Who Immediately Starts Asking You For Money
Yes, it takes money to make money but when someone who is your partner starts requesting a loan or an advance without an explanation or for personal reasons, understand that you are taking a big risk with them financially. Any money dealings should be written out with details of how it’s going to increase the company revenue overtime. Before working with anyone determine how much start up money is needed, if personal cash will be used or if a loan will be taken out. As mentioned, it should be in writing how you plan on funding your business with a list of expenses and the approximate amounts needed. Anyone who is willing to flat out gamble your money is not to be trusted with your money.
The Person Who Brags That They Work With You
This has happened to me a number of times to where people have bragged that they were working with me but behind closed doors when we were alone their energy was different. They didn’t smile and lacked interest in anything I talked about. When this happens it means the person doesn’t respect you. They are a vulture. Probably jealous for reasons they won’t admit. It’s best that as soon as they show signs of being two faced that you cut them off. Immediately.
The Individual Who Has Great Ideas But Never Starts
Now, this can be extremely draining. You have these long brainstorming conversations, the whiteboard is completely covered, you all have calculated how much potential money that can be made… And then, nothing. Absolutely nothing happens. You’re left waiting for when you all are going to get the ball rolling, but all you get is an excuse or they never bring it up again. As though the conversation never happened. These types of people are dreamers who don’t believe in their own dreams. Unfortunately you fell for their fantasy. They didn’t plan on doing anything they said they would, they just liked the attention and you gave it to them. The first time, ok, you may not have been able to tell what was going on, but the second time, just know this is a habit they have and disappointing you is something they enjoy doing. You can’t allow a person like this in your life and you’ll never build a successful business with them.
The Person Who Says They Can “Do It Better” But Never Shows You How
When you share a thought on business you are being vulnerable and it takes guts. You should be open to being critiqued but not open to being insulted. If someone is telling you that they can improve your idea but can’t write out or verbally explain it, chances are they are upset that they didn’t come up with the idea first. No one should feel bad after expressing themselves to someone they plan on working with for an assignment that can last months or even years. Dealing with a person like this causes stress and makes it to where you are afraid to tell them anything. Nothing will ever get done so you have to accept the partnership isn’t meant to be.
The Person Who Only Hears Your Ideas When They Are Coming From Other People
I remember when I worked with a well known foundation and I had given advice on how they could start getting more clients by collaborating with neighboring businesses. They smiled and nodded but there was no further comment or questions. Soon another woman was added to the team and she literally stated the same thing, we should start networking with our block. I kindly stated that I had said that the week prior and I ended up with more smiles and nods. You have two options when something like this happens, stay working with that team and say less, or leave. But by staying know you aren’t valued and you are going to end up being paid less than you are worth.
Go where you are appreciated. Conduct interview questions when partnering with people. Get to know their character, things such as if they are an honest human and if they manage money well. Creating a business from scratch or adding someone to a business is a serious life decision. Don’t be so desperate to work with someone that you’ll take anyone.
Article By K. Crystal Carter
Like what you read? Support funds can be sent via CashApp to $AuraBaddie
An effective way to stay organized and take control of your schedule. This 7-day planner includes daily mantras to keep you motivated to stay productive. Simplistic, easy to read and use. Print and as many times as needed.
What was the best year economically for the United States? What has been the best investment in the past 25 years? Well, it would depend on who you are asking.
Did you immediately invest in Bitcoin upon hearing about it? Did you purchase and payoff a home during the housing market boom (crash)? Did you buy and sell the right internet/tech related product during the dot com phenomenon?
Those who were money wise or just downright lucky, played their cards right and came out a winner.
Fast forward throughout the many recessions, presidential faces to place blame, to present pandemic history and we find ourselves separated by social distancing measures, yet needing one another the absolute most.
And believe it or not, one of the best investments you can make is getting the right people on your team. This has held to be true since the first ever entrepreneur needed someone around so that he could take his lunch break and still have doors open.
What makes a good hiree? Your first answer may be punctuality or even skill set. But do you really know what makes a person perform well?: How well they are treated by their employer.
It sounds simple, and it is but most don’t have the attitude of, “What can I do to make your life easier?” It’s more like, me, me, me. And that isn’t bad, we are self preserving by default.
But in order to get ahead in life especially the business world, we have to make room for other people’s feelings, emotions and comfortability. This means seeing ourselves as our employees/volunteers/hirees. Yes, you may have built the organization but bodies are needed to keep it running.
One of the best investments you can make is getting the right people on your team.
Ask for help by seeking out a volunteer and pay them in some form for their time.
3 Ways To Pay or Reward Your Volunteers:
Monetary – Legally a volunteer can receive no compensation, a volunteer can be paid expenses. Instead of hourly, a weekly stipend (payment) can be made. Or a lump sum paid at the end of their volunteer term. Be clear in a written statement and offer agreement of these details from the start.
Provide Private Organizational Lessons (Internal Company Skills) – Many actual companies set a 90 day probation period to see if an individual can meet the needs of the environment long term. During this time they are not only observed but they are taught much needed details about the business. By selecting a volunteer to be an apprentice they will strive to one day work for you.
Volunteer Recognition Certificate – Acknowledging your volunteers’ involvement and the difference they make to your organization demonstrates that you value their time and commitment. It should also provide what services they rendered and the total amount of hours completed. This record can be used as their professional or community service reference.
How to search for highly skilled volunteers: Look online for volunteer matching sites and programs. Ask for a resume along with an application. The kindest person can hinder you if all they can help with is being nice. Volunteers are often associated with kind hearted people which is a wonderful thing but the more skillful a person the less micromanaging you will have to do. Purposeful professionalism is key.
Provide an agreement, rules list, or contract detailing the specific tasks the individual is being requested services for. Sick to your own rules. The individual recruited is not to perform errands or tasks outside of what has been assigned for them.
Remember, no matter what your company provides people will only take you as seriously as you take yourself.
Now, there are some nonprofits that get away with hiring paid volunteers and never actually hiring an employee. When building a company or leveraging an existing company, on site or virtual volunteers should last no longer than a summer (seasonally), six months possibly and at the longest a year.
By then, especially in the length of a year, you should have things together enough to start the actual hiring process. You will have developed skills as a potential employer and know the types of people who would work best for your company. Who you want to represent the brand you worked so diligently to create.
What you will learn from rewarding and paying others: – How to grow your business. – The types of individuals you work well with. – That you can’t do everything on your own. – Appreciating another human can make them perform better.
Let your volunteers be one of the best business investments you make and lessons in employee hiring that you learn in 2021.