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Post by w0415498 on Aug 31, 2013 19:47:27 GMT -6
This article is very true. When looking for a partner to be a part of the business, you need someone reliable. You need to know more than what’s on their resume because it’s easy to lie on it. Anyone can appear to play the part well in an interview, but in the act you notice otherwise. They may not have the skills or wisdom you thought they had. Knowing their background, skills, and achievements are what you really need to know before hiring them.
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Post by christiebrown on Sept 1, 2013 18:45:52 GMT -6
I think that a good balance between business partners is essential for success in the company. Even though it might be easier to have a partner that goes with the flow with almost everything and agrees with your every word, at the end of the day that would not get business for the company in any kind of way. Another thing that a lot of people do in business partnerships is team up with their best friends or family. That might be another case where choosing your partner could result in affecting the business in a not-so-great way.
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Post by bneedham on Sept 1, 2013 18:51:23 GMT -6
INSTANT MBA: 'If You And Your Partner Agree On Everything, One Of You Is Redundant'
The article gives good advice about what to consider when looking for a good business partner. While checking references is important when looking for a partner, I think they are also important to check when hiring any employee. I work in the human resources field and I know that a negative reference can quickly make you rethink about a candidate before you hire them. I like that the article mentions working with someone on a few small projects before becoming partner with them. I think this would be very beneficial because it gives you a chance to see if the individual's work ethics is up to your standards.
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Post by wparker on Sept 2, 2013 12:34:21 GMT -6
INSTANT MBA: "If you and your partner agree on everything, one o you is redundant."
The key thing I took away from the link of the day is that partners need to almost be complete opposites in order to work effectively. They need to draw conclusions from a wide variety of experiences, as well as see things from different angles. It is also important the find out more information about your partner than just whats on their resume. People can look good on paper, but if others didn't enjoy working with them, or things ended badly with their previous employer, it's up to you to investigate more information about your partner. I've never had to investigate about a partner, but this link has helped show me that no one is as they appear on paper. Whenever I have/get a partner, I need to interview the others that have worked with them in order to know whether or not I would want them as a partner or member of my team.
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Post by chadraziano504 on Sept 3, 2013 11:32:44 GMT -6
Instant MBA: If you and your partner agree on everything, one of you is redundant.
I agree with the article when it talked about using references and talking to other people who have done business with that individual, in order to see how they performed. I could compare this article to past experiences when I was involved in class projects. For class projects I would always like to know my team members before we joined in for a project, so I knew what I could expect from each member. I will definitely use those ideas in the article about working on small projects first with that person, before starting a large project. I feel the article gave some good real world advice.
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Post by ashleylevernharrison on Sept 4, 2013 0:43:15 GMT -6
Instant MBA: "If you and your partner agree on everything, one of you is redundant" While I agree that in order to be business partners with another person, you have to have a complementary skills set, I also think that you and your potential partner have to be on the same page when it comes to where the both of you want the business to go and how far each partner should be involved in the business itself (are both of you going to be fully involved in the decision making or is one of you going to step back, be a silent partner and let the other one make the major decisions). I think that there should always be more than one person that makes the decisions for the company (ideally, there should be three) because in the event that two of the partners can't agree on a decision, then the third person can be the tie breaker. This person would need to be impartial (maybe a silent partner that knows the business but is not really involved in the day to day running of the company) and not favor any one of the partners.
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Post by blaircavalier on Sept 4, 2013 10:16:43 GMT -6
INSTANT MBA: 'If You And Your Partner Agree On Everything, One Of You Is Redundant'
The article is in reference to just how important it is to get to know someone you are considering working with. Although it is necessary to get along, you do want to work with someone who brings something different to the table. If you choose to work with someone who sees something exactly how you do, you will never see the other options of the situation. It talks about how important it is to look at a potential employees work history. Talking to someone they have previously worked with could be the easiest way to figure out the exact worker they are. You want someone who is willing to reach out and think outside the box, but you also want someone who does get along and works well with others.
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Post by natjohnson90 on Sept 6, 2013 9:25:46 GMT -6
This article emphasize the types of activities you can do before you and your partner starts a big project together. I think this is a nice article because many people get in partnership together and think their partner(s) are up to speed and then find out the partner(s) are either slacking or behind. The best thing to do is to get to know your partner first then make a decision based on your perception if he or she is the best partner for you. That's why I personally think this is a great article to help future business majors.
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Post by stephaniemeyer on Sept 7, 2013 19:26:44 GMT -6
This article is very informative and insightful. It stresses that you should never believe something just because it's in print. When choosing a business partner, especially, you should always get to know that person first---through interaction with him/her preferably---and never just assume what you read on a resume is correct. I've learned this in my present career as an educator. Some teachers are naturals at their job but are not great at writing lesson plans. Others can write beautiful plans but leave much to be desired in their interactions with their students. So, this philosophy of never taking something at face value (especially in business) is a good one to follow.
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Post by bgoree13 on Sept 8, 2013 20:06:27 GMT -6
INSTANT MBA: 'If You And Your Partner Agree On Everything, One Of You Is I think this article can be used a different aspects of life beyond business. If you relate this subject to friendships or relationships, it can be easier to understand. Most people do not want to be around someone who is just like them too long regardless of if they say they do. It is important to have some opposition in any relationship whether it be business or personal. If both you and your partner are thinking the same thing on a potential business investment and there is no one there to offer any business advice, it can possibly end in disaster. Make sure whoever your partner is just as opinionated as you are, two heads aren't always better than one!
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Post by kselders on Sept 14, 2013 19:08:55 GMT -6
After reading this article, it all makes perfect sense. Going into business with another individual could either be a great thing or a very detrimental thing to your business. If it’s your first business, of course you want to trust that everything will go according to planned because it’s your “baby” and you’re not really sure what works and what doesn’t. I took away from the article that it is very valuable to assess every perspective partner thoroughly and conduct adequate research as to how well they’ve done with other business partners. I personally don’t have a business, but hopefully one day. From experience working with a relative can either go really right or really wrong. You feel that you can trust them but, when you have others involved 90% of the time it doesn’t end well. In the future, I will know what to look for and what will help my brand expand.
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Post by w0426116 on Sept 23, 2013 9:55:38 GMT -6
This article makes perfect sense to me, simply because getting married goes well beyond love and romance. To be in a complete marriage one but look at it as a business deal, some would say I’m crazy for saying this, but it’s the truth. You can achieve love and romance without marriage, but when going through with a such a big commitment you must be able to take of the risk of each other in order to be successful, you must know how your counterpart will act when certain scenarios happen and you must know how to react when it does happen. So I totally agree with going through some type of “training” or scenario base events in order to get a better understanding of each other’s personalities, weaknesses, and strengths.
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Post by tscott88 on Sept 28, 2013 5:16:12 GMT -6
In business whenever you are choosing a partner you want to make sure that they are a good partner for you. If they are dependable and can you depend on them in any business situation. Business partners should all have their own mind state and have a difference of opinion. In business no one needs a yes man you need someone who is going to tell you the truth about every idea. Therefore, if you have the option of choosing your partner make sure it's someone who has an opinion.
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Post by dorcas on Oct 8, 2013 19:55:19 GMT -6
INSTANT MBA: 'If You And Your Partner Agree On Everything, One Of You Is Redundant'
This article is very straight forward. Of course, if you are a knowledgeable and wise you will choose someone who does not have what you have in terms of weakness and strength to do business with. If you are weak in something you look for someone who is has strength in that thing. This will made the business stand.
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Post by datren on Oct 21, 2013 17:22:07 GMT -6
INSTANT MBA: 'If You And Your Partner Agree On Everything, One Of You Is Redundant'
This article discusses the vital importance of checking on a potential partner's work history or experience before going into a business arrangement with them. According to this article, it is important to address the previous employers of your potential partner and speak with previous employees in order to gain a better knowledge of who this person is and what kind of work ethic he or she may possess. It would not be wise to hire someone as a partner who will agree with you constantly without any resistance; this type of attitude limits the creative process and yields internal growth in an organization. Potential partners or employees who are motivated to gain employment will always provide a positive first impression, however only proper investigation and scanning will yield the results of a partner who is effective, creative, and above all strong-minded.
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