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Post by msimoneaux on Jun 9, 2013 15:05:14 GMT -6
What I took from the article is that it's important to be selective when choosing a business partner. The partner you select should have strengths in areas other than where you are your strongest so that your business is well rounded. When I lost my job last year I was interested in doing a start up however I was unsuccessful in finding a business partner that would suite the full aspect of the business. Therefore, I decided to just go back to work for someone else until I find that opportunity.
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Post by hayleymcglothren on Jun 9, 2013 21:55:24 GMT -6
INSTANT MBA: 'If You And Your Partner Agree On Everything, One Of You Is Redundant'
This article talks about familiarizing yourself with someone before choosing them as a partner. I completely agree with this article because it seems in today's world a lot of people want a job, but not necessarily to work. Having the right work partner can make your work easier as well as their own if you work well together. The job can get done faster and much more efficiently when done right. In my opinion, good work ethics can be a real deal maker when choosing a partner. References go a long way in helping to make the right decision for bringing someone on board. Anyone can lie and say they have great work ethics, but someone who has worked with them before can vouch for whether or not the person is telling the truth or just trying to look good to get their foot in the door.
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Post by csummers on Jun 9, 2013 21:57:24 GMT -6
INSTANT MBA: 'If You And Your Partner Agree On Everything, One Of You Is Redundant'
The important theme of this article is that before going into business with anyone, one has to treat the addition of a partner like a job interview. An employer will not just hire someone without doing research, asking prior employers about the potential employee, or without a face-to-face interview. It would be bad business, as it is the same to just infer that someone will be a good fit without research. I haven’t had the chance to hire someone, nor have a partner for a business, but I can totally equate what is discussed in this Instant MBA with finding a wife. Dates are the interviews, speaking to her friends would be talking to prior partners/employers, and the research portion would be checking social media, etc.
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Post by grober86 on Jun 10, 2013 8:00:53 GMT -6
The article stresses the importance of selecting the correct partner and how to go about doing that. Aside from a different specialized knowledge base and a different work history, you should find someone who shares other qualities with you. You want a business partner with the same values as you. It would be terrible if you got far along in your project to discover that you and your partner have fundamental ethical differences that bring your project to a halt. The partner should be self motivated. There is nothing worse than picking up the slack for people who can’t find the enthusiasm to work themselves. Your partner should also be open to constructive criticism and so should you. Sometime the best ideas will come from you and other times they will come from the partner, if you choose him or her correctly.
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Post by Tracye Yochim on Jun 10, 2013 9:35:52 GMT -6
INSTANT MBA: 'If You and Your Partner Agree On Everything, One of You Is Redundant'
This article raised excellent points regarding potential partnerships. When in search of a partner, most people would look for someone who is like minded, someone they feel that they can work well with. The point of the article is not to look for someone who is like minded, but someone who can compliment and expand your own thought process. Not only is it important to bring in someone with new and fresh ideas, but working with them to see how they work, checking references and doing your research are all equally important. This is your business also, do you homework and know what you are getting yourself into.
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Post by amberw on Jun 10, 2013 11:45:15 GMT -6
INSTANT MBA: 'If You And Your Partner Agree On Everything, One Of You Is Redundant'
I agree with this article. I think it is very important to get to know your partner before you begin to work with them. You need a partner that will correct you when wrong and give you new ideas and views on things, rather than just agreeing with everything you say. The partners who aren't afraid to disagree or state their opinion are normally going to be the ones who are hardworking and will a difference in the company.
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Deleted
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Post by Deleted on Jun 10, 2013 15:38:17 GMT -6
INSTANT MBA: 'If You And Your Partner Agree On Everything, One Of You Is Redundant'
Partners in the workplace are one of the most important aspects of a job. If they cannot give you reinforcement and/or positive/negative feedback when it is needed, you will never grow as an individual. Learning about your partner before working with them will help you to understand them and help you to know how to approach them when a situation arises. In my current job, when we hire a new manager, I have learned to tread lightly at first and watch their interactions with everyone in the organization before deciding which areas they are more likely to benefit (whether it be sales or behind the scenes). These experiences have come to define me as a person and will hopefully help with my future endeavors.
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Post by gabrielle on Jun 11, 2013 10:47:35 GMT -6
INSTANT MBA: 'If You And Your Partner Agree On Everything, One Of You Is Redundant'
I agree with the statements this article makes on partnerships. It is important that when forming a partnership you choose a partner that you share ideals with, but are not so alike that it hinders the creative ingenuity of the group. If partners always agree and see things the same way, nothing new will ever come out of the group. One big advantage of partnerships is having the opinion of more than one person being weighed in decision making, and if the two partners always agree, then they are missing out on this advantage because no new ideas are ever brought to the table. I also agree with what the article says about choosing a partner wisely. Looking into a person's references and doing research on the background can only help when choosing a partner. I know the importance of fully researching a person before hiring them. We recently brought on a new manager at my work, and though the man looks good on paper, I feel that if the company would have checked into his background more efficiently they would have noticed that he lacks certain social skills needed to succeed as a manager.
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Post by Michael Miller on Jun 11, 2013 21:44:39 GMT -6
I strongly agree with this article. The importance of doing proper due diligence of choosing your partner is just as important as going into business in the first place. I actually witnessed a partnership go bad a few years ago. My father went into to business with a friend from childhood. The fact that he had known this guy so long he didn't do much prior research regarding his experience. He also didn't do the proper legal protection work in the event that the relationship would go sour. It did just that and my dad's friend screwed him out of a lot of money. You think you know people...
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Post by Michael Miller on Jun 11, 2013 21:50:37 GMT -6
I agree with this article completely. I believe that doing the proper do diligence on choosing the right partner is just as important as deciding whether to go into to business in the first place. I witnesses my father get screwed by a partner of his a few years ago. They had been friends since childhood, and he never thought he would have to worry about this guy. My father didn't do his proper research and didn't get the proper legal advice. His partner found some loop holes and screwed my father out of a ton of money.
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Post by meganmossbarger on Jun 13, 2013 13:14:35 GMT -6
To me everything in this article ties to efficiency. In any business you don't want redundancy in every aspect of a business. If everyone is doing everything twice you are wasting time and resources. It is like having the maid sweep the floor and then five minutes later having someone else come do it. However somethings do need redundancy, like the company I work at now has internet from two different providers in case one provider is down. Yes it is redundant but rely heavily on internet access so it is worth the extra cost for us.
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Post by briandavis1 on Jun 16, 2013 12:01:58 GMT -6
Work and friends are two hard things to do together. When going into business situations with new partners it is best to understand that person and understand his/her goals. Each partner will have a different look on the business and how things need to be done and how situations need to be handled. Business partners need to have a basic understanding of each individuals wants needs and vision of the future. The best way for this to happen is communication between partners and expressing their needs and wants.
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Post by gretchenb on Jun 16, 2013 13:52:50 GMT -6
This article explains the importance of finding the right partner that fits you. It is crucial to examine this person in and out before going into a business with them to ensure you start or continue a business successfully. I think this also applies to group assignments. Though choosing partners isn't always your option, but when it is I think it is a must to make sure you find someone who can put in as much work as you do. Starting a business is a very stressful and tough process so having the wrong partner can really worsen the process and also throughout the business's life.
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Post by lydell on Jun 16, 2013 18:41:43 GMT -6
The statement that stands out most to me from this article would be "If you and your partner agree on everything, one of you is redundant." I agree that each individual should have their own opinion and outlook on a situation, and if there is any disagreement, they need not hesitate to discuss it with the other group members. When selecting a partner, it is important to select someone who not only possess the necessary qualities, but the knowledge and motivation to drive the company to greater heights. When selecting a business partner, there is alot to lose, so it is important to choose someone with common goals and ability to achieve.
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diana
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Post by diana on Jun 16, 2013 21:18:40 GMT -6
INSTANT MBA: 'If You And Your Partner Agree On Everything, One Of You Is Redundant'
I'm the type of person that likes to debate. I sometimes disagree with people on purpose, just to see what type of intellect they possess. I think the main idea of this article was to stress how important it is to know who you're working with. People are not always what they seem, and sometimes you have to do a little research, or play a few mind games before you really figure a person out. You want to work with a person who compliments you, but not someone who agrees with everything you say. In the past, I've always preferred working with people who are completely different than me, because it usually results in a range of ideas, and more creativity. Basically, before you commit to something, you should take the time to find out more about who you'll be working with.
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