Business Partnership Essentials A Step by Step Action Plan for Succeeding in Business With a Partner Second Edition by Dorene Lehavi 9781547400201 154740020X

Business Partnership Essentials A Step by Step Action Plan for Succeeding in Business With a Partner Second Edition – Ebook Instant Download/Delivery ISBN(s): 9781547400188,1547400188,9781547400201 ,154740020X

Product details:

• ISBN 10: 154740020X
• ISBN 13:9781547400201
• Author: Dorene Lehavi 

Business Partnership Essentials
A Step-by-Step Action Plan for Succeeding in Business With a Partner, Second Edition

Table contents:

Contents
Part I: Choosing the Right Partner
Chapter 1: Hook Up or Stay Solo: The Benefits of a Partnership
Advantages of a Partnership
The End of Isolation
Shared Risks and Responsibilities
Aligned Individual Strengths
Two Heads (and Hearts) are Better Than One
Why Do You Want a Business Partner, Honestly?
A Final Word About Going Solo
ESSENTIAL QUESTIONS:
Chapter 2: Your Significant “Business Other”: Choosing the Right Partner
Compromise Improves the Bottom Line
Even Near Perfect Partnerships Benefit from Good Communication
Doomed from the Start
Three Essential Words: Communication, Transparency and Responsibility
Everyone Loses When Playing the Blame Game
I’ve Got Your Back
Improved Communication Benefits All Your Relationships
Communication in the Online World
Chapter 3: Getting to Know You: Playing the Field with a Purpose
How to Date Your Potential Partner
Continue Being Open and Honest During the Dating Process
Avoiding Confrontation Leads to Confrontation
Specific Topics That Should be Addressed with Your Partner
Partners Must be on the Same Page from the Beginning
Partnerships Can End When Values Change
Are Complementary Skills Required?
Keep Dating and Keep Asking Questions
Chapter 4: All in the Family: Partnering with Friends, Spouses and Relatives
Working with Relatives: How Do You Fire Mom?
Working as a Team Makes This Partnership Work
Best Friends as Business Partners
A Friendship Saved
Married Partners: Saying “I Do” Twice
One Sentence Changed the Business
Keep Business and Married Time Separate
Married Business Partners Defy the Odds
Chapter 5: Take a Vow or Walk Away: Deciding to Move Forward or Not
A Model Partnership . . . Again and Again
Part II: Planning for Your Future Together
Chapter 6: Setting a Solid Foundation: The BPAT
The Business Partnership Agreement Template
Drafting the BPAT
Writing It Down Can Save Anguish in the Future
BPAT Saves the Business
Mission and Vision Statements: An Important Part of the BPAT
Vision Statement
Partnership is Successful All the Way Through to Exit
Mission Statement
Live Your Mission Today and Plan Your Vision for the Long-Term
Other Important Elements of the BPAT
Chapter 7: ‘Til Death or Design Do We Part: Planning a Winning Exit Strategy
Exit Strategy Considerations
Enjoying Retirement: Life After the Sale of a Business
Do Periodic Assessments of Your Exit Strategy
Chapter 8: The Partnership Agreement: Putting Your Handshake on Paper
Five Key Elements of a Partnership Agreement
1. Financial and Other Contributions by the Partners
2. Equity Shares in a Business Partnership
3. Restrictions of Authority and Expenditures
4. Partner Duties and Responsibilities
5. Dispute Settlement Strategy
Chapter 9: The Future is Now: Formulating Your Business Plan
Your Business Plan is a Living Document
A Typical Business Plan Outline
Executive Summary
Business Strategy
Financial Plan
Marketing Strategy
Community Participation
Areas of Responsibilities and Tasks
Chapter 10: Life Happens: Preparing for “What Ifs” and the Unexpected
Vision What Ifs
Finance What Ifs
Employee What Ifs
Daily What Ifs
Personal Life What Ifs
Exiting What Ifs
Part III: After the Honeymoon
Chapter 11: Finding Your Daily Rhythm
Keeping the Home Fires Burning
Daily Meetings
Weekly Meetings
Monthly Meetings
Annual Meetings
What Happens Within the Meetings
Meeting Topics for Discussion
Chapter 12: Listen Up: Essential Communication Skills
Improve Your Listening Skills
Get rid of the idea that you have to be right
Listen with an open mind
Actively participate by giving positive feedback
Allow for the possibility that you have something to learn from the other person
Forget about preparing your response
The Value of Compromise
Chapter 13: Trouble in Paradise? Conflict Resolution Basics
Red Flags That Your Business Partnership is in Jeopardy
Averting a Crisis
An Exception to the Rule
When a Conflict Erupts
Part IV: Collaborations Is the New Currency
Chapter 14: A Word About Joint Ventures
Collaborations for a Cause
Chapter 15: Parting Thoughts on Partnerships
Essentials to Your Partnership Success: A Summary
A Final Note Before I Leave You to Your Business Partnership

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