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Is a Strategic Business Partnership Right for You?
Episode 422nd October 2023 • The Founder & The Force Multiplier • The Founder & The Force Multiplier
00:00:00 00:04:28

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Did you intentionally choose your career path? Or did you stumble into it along the way? On the job learning is fine, but there’s something to be said for  strategic career path development and intentional career planning. We discuss how to discover whether you are predisposed to partnership or solopreneurship, and what successful strategic partners do to strengthen their partnership.

View full show notes here: https://founderandforcemultiplier.com/is-having-a-strategic-business-partnership-right-for-you/

Transcripts

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[00:00:20] So I think that many leaders and executive assistants or chiefs of staff tend to fall into their respective positions rather than take them on intentionally. Perhaps more than we would even care to admit. Top sales reps promising mid-level managers or recent M B A grads get appointed to leadership roles within their companies, and many times they get assigned an executive assistant as part of that new role.

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[00:01:05] The problem with inheriting an executive assistant or a chief of staff getting assigned an assistant or falling into the role of force multiplier is that there wasn't a conscious decision to enter into partnership. It was just a position or a promotion, a new direct report or a new principal to support a job to do in a job done well.

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[00:01:44] I. Some people are just more naturally predisposed to partnership. Think about those individuals who choose team sports like lacrosse or soccer versus individual sports such as gymnastics or triathlons. They're the solopreneurs who may outsource some work but don't necessarily want to be surrounded by a team or take on investors versus the entrepreneur who was dedicated to leading and growing through others.

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[00:02:25] Conversely, there are the leaders who welcome a strategic partnership with their force multiplier. They want collaboration with their leadership team, and they truly believe that partnering with talented employees and external stakeholders will help everyone succeed faster and more effectively. If you are an individual who wants a successful partnership, then you must find a company, an executive, or a force multiplier who fosters your learning and growth, and truly wants to go through life in business with a partner.

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[00:03:11] So let's take a look at what a successful business partnership would actually look like. So here's some things that these successful partnerships do. They clearly and respectfully tell each other the truth, even when it's difficult to do so they keep the lines of communication open at all times. They share what they're working on with each other and ask for help when needed.

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[00:03:51] They let go of their egos and commit to making the best decisions for the company at large. They are aware of each other's energy and help each other manage their energy effectively. They study each other's behavior profiles and understand what motivates and demotivates each other. They know each other's goals and are actively working to help each other achieve them.

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[00:04:18] ​

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