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How To Communicate Better With A Business Partner
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| Guest post by: Adam Sonnhalter |
Article Overview: About one-third of our business coaching clients have involved situations where there are multiple owners in the business. This has included spouses, siblings, parents & kids, in-laws, friends, and business acquaintances. One of the biggest struggles with multiple owners is getting all the owners on the same page. When the business is first formed, everyone is usually on the same page. But as the months and years go by, it's easy to drift apart. Here are a couple of keys for better communication with your business partner: 1. Understand Behavior Styles 2. Keep The Appointments 3. Do What You Say You're Going To Do 4. If You Feel It, Say It
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How To Communicate Better With A Business Partner
About one-third of our business coaching clients have involved situations where there are multiple owners in the business. This has included spouses, siblings, parents & kids, in-laws, friends, and business acquaintances.
One of the biggest struggles with multiple owners is getting all the owners on the same page. When the business is first formed, everyone is usually on the same page. But as the months and years go by, it's easy to drift apart.
Here are a couple of keys for better communication with your business partner:
1. Understand Behavior Styles: one of the things we do for all of our clients is to take them through a behavioral assessment from Extended DISC. It's amazing how something so simple as understanding your own behavioral style (and eventually the styles of other people) can help you to communicate better. In fact, our experience has shown that most of the problems that occur within an organization could have been avoided if everyone understood people's styles better. Let's say you're not that detail oriented, but your partner is. If the two of you don't adjust your natural styles when communicating with each other, there will be friction sooner vs. later. In times of stress, your natural behavioral styles become more important because your tendency will be to overemphasize your natural style.
2. Keep The Appointments: for some reason, meetings have gotten a bad rap. Usually it's because the meetings are not focused, not interactive, and not kept on schedule and on task. There's a reason why nearly every football team huddles between plays, so why should your company be any different. A key role for you as the owner of your business is to set regularly scheduled meetings throughout the organization which will improve communication. This starts with having meetings with your business partner(s) and keeping them. Although it can be tempting to push back or skip a meeting due to some current "fire" in the business, it is imperative that you put your meetings into your appointment book with pen, not pencil. Treat it like a meeting with your top customer.
3. Do What You Say You're Going To Do: if you tell your partner that you're going to do something, then make sure it gets done. There's no quicker way to erode trust than to continually promise that something will get done and then continuing to fail to deliver. The quickest way to lose a customer is to overpromise and underdeliver. Don't do it with your business partner(s).
4. If You Feel It, Say It: I heard this quote from sales trainer David Sandler, and it made so much sense to me that it has stuck with me. If you can't be open and honest with your partner, then what are you doing in a partnership with that person? If there is a perceived slight or if something is unclear or if you're frustrated, simply say it! Don't let it fester like an open sore which will only grow worse over time if it continues to be ignored. You're not a mind reader and neither is your partner.
Chances are, if you and your partner(s) are not communicating well, then there are probably some big communication gaps within the rest of your organization as well. Just like in a family, if the relationship with the mother and father is not strong, it's difficult for the rest of the family unit to be strong.
Understanding and following the four steps outlined above will go a long way to ensuring the strength of the relationship with you and your partner(s).
Article Tags: business coaching, business partner, parents, siblings
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About the Author: Adam Sonnhalter RSS for Adam's articles - Visit Adam's website Adam Sonnhalter is a Partner of Maximum Value Partners, a business coaching firm based in Northeast Ohio that works with companies across the U.S. with anywhere from 1-25 employees. Adam has been involved in professional services his entire career including nearly a decade on Wall Street as an Investment Banker helping people buy and sell companies as well as raise money for their companies. Adam grew up with an entrepreneur at the dinner table and has been advising business owners for well over a decade. Adam's partner in MVP is Jack Mencini. Jack has personally owned and operated several companies, 5 of which he bought and subsequently sold, the others were started from scratch, including MVP and one that made the Weatherhead 100 list of fastest growing companies in Northeast Ohio. All of this came after 17 years working for a couple of large public companies in Northeast Ohio that exposed him to business throughout the world. We currently work with companies throughout the U.S. either in person or virtually. More information is available about Adam and Jack and their business coaching at the MVP web site www.maximumvp.com and their blog www.AskTheBizCoaches.com . Click here to visit Adam's website Cash Flow Forecasting Tool |
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