What's Your Partnership I.Q.?
Self-Assessment For Business Partnerships
Are any of the following true of your business partnership?
(Give yourself a point for every "Yes" answer)
You have a written partnership agreement, but it does not address any relationship issues among the partners. (This assumes you do have a written AND signed partnership agreement.)
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Do you not hold regular partnership meetings?
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Are the partners headed in different directions regarding the business?
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If so, does your divided leadership and resulting loss of focus confuse your employees?
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Has your original creative synergy turned into frequent friction?
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Are their increasing disagreements among partners over power, control, and money?
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Does either partner increasingly complain about the other not doing "his or her share," or lack of fairness in capital investments or work production?
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Are you, or any of the partners, experiencing major distraction, serious loss of productivity, or personal emotional toll because of your relationships (or lack of such) with each other?
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Is your partnership facing decline or possible failure?
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Is your partnership headed for "divorce?"​
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SCORING:
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1-3 Schedule a “heart-to-heart” conversation with your business partners before it gets worse.
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4-6 Seek consultation, and soon!
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7-10 Your partnership needs major changes if it is going to survive, and you cannot do that by yourself.