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One Person Cannot Make A Team - How To Communicate With Your Business Partners

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Manage episode 387919574 series 3534517
Content provided by LBW Wealth Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by LBW Wealth Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

As you know, here in LBW we have four partners: Dan, Tim, Nathaniel, and Ying. None of us are mind readers. How do we ensure we are on the same page? How do we communicate? First, talk about what you want, constantly. Not just business needs, but sometimes personal/household needs. Have an operating agreement (even if your partners are your family & friends) before things go bad, not after. Second, value each other's role on the team regardless of whether that puts you in the spotlight. For example, Nathaniel is our CFO. He handles the tedious finance and operations behind the door. No client really cares about that. He's not the face of the company. But the team literally can't survive without him. Third, have compassion and empathy towards each other. Dan said it well: just like a marriage, your business partners deserve your respect, care, and love.

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171 episodes

Artwork
iconShare
 
Manage episode 387919574 series 3534517
Content provided by LBW Wealth Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by LBW Wealth Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

As you know, here in LBW we have four partners: Dan, Tim, Nathaniel, and Ying. None of us are mind readers. How do we ensure we are on the same page? How do we communicate? First, talk about what you want, constantly. Not just business needs, but sometimes personal/household needs. Have an operating agreement (even if your partners are your family & friends) before things go bad, not after. Second, value each other's role on the team regardless of whether that puts you in the spotlight. For example, Nathaniel is our CFO. He handles the tedious finance and operations behind the door. No client really cares about that. He's not the face of the company. But the team literally can't survive without him. Third, have compassion and empathy towards each other. Dan said it well: just like a marriage, your business partners deserve your respect, care, and love.

  continue reading

171 episodes

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