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Proven Business Relationship Agreement – Part 3

Proven Business Agreements

Proven Business Relationship Agreement

6 More Key Questions – Part 3

By DC Cordova

Will this really help you make more money, be happier and have more fulfillment? If you’ve ever been in a relationship before – whether business or personal – you know how to have a good relationship. Very few know how to have a great relationship.

Anthony Robbins, the world-renowned success teacher and Money & You® graduate, says it best. Your success is determined by the quality of the questions you ask. If you’ve read my previous two posts on creating a profitable business agreement (read the first Post here: Proven Business Relationship Agreement – Part 1 and the second Post here: Proven Business Relationship Agreement – Part 2), you’ll quickly realize that I outlined a series of questions for you to ask yourself and to ask your potential business partner(s).

Now we’re getting even more detailed and focused on some specifics. I find many people don’t want to deal with these. And I would ask you to take a look and see if you really applied these questions to your relationships in business, would you have more clarity? Would your planning change? What I’ve seen over the last 30 plus years is that what it takes to be an entrepreneur – not just an entrepreneur, but a successful builder of businesses that grow and thrive – is these questions are inherently a part of the way of thinking or planning.

If these posts make you think, GREAT! I’m having an impact on you. Now we’re going to take a look at the next 6 Key Questions you need to ask yourself in creating a success business relationship…

10. Know your partner

___ We have discussed and know if there are…

___ Habits they currently have and have had in the past that we might want to know about.

___ Complaints and “stories” from their past

___ Any bankruptcies and/or negative business dealings?

___ What they learned from those experiences?

___ Which ones were they able to correct?

___ If they blamed another person?

___ Were they able to take responsibility for it?

11. Personal responsibility and integrity

___ We know that personal responsibility and integrity underlies all successful partnerships and organizations. When these two distinctions are equally important to each member, everyone knows they are personally responsible for what is happening in their own lives.

___We agree not to blame and take full responsibility for our part when things don’t go the way “they are supposed to”…

___ We know going into this agreement that when we hear repeated blaming of others or constant justification of self, then we can pretty well predict the future.

12. When Money is Involved – The GREED Factor

___ We understand that a business relationship is similar to a marriage and we both are hoping that all is going to work out great. We know that it can actually get more intense when large amounts of money are made and that it can bring up negative and limiting subconscious beliefs about money, success and prosperity.

___ On the other hand, for some, the more money they make, the more the greed factor comes into play and our styles could change;  if we have blocks to having lots of money we get greedy.

___ To prevent the effects of any of these changes, we have written agreements in place and are constantly in communication with each other, because we know that maintaining alignment is essential.

___ We have met with our Professional Accountant or successful Tax Lawyer who has given us advice as to what to do with future profits.

___ What percentage of it to be reinvested in the business?

___ How much to be saved?

___ How much each of us should be taking out as profit?

___ We have met and decided in advance how the profits will be disbursed in the short and long term.

___ We agree to re-visit this and update it every six months.

13. Making Long Term Decisions

___ We see ourselves working with each other at least five, ten, twenty years from now, but if not, we have put together an “exit” agreement as well as another agreement for the possible sale of the share of the business to the other partner.

14. More than two partners

___ If there are going to be more than two partners, if any one of us is hesitant to do something, we agree to honor that person because we don’t have total alignment.

___ If this doesn’t work we agree to get the advice of a third party we all trust.

15. Personal Decisions

___ We have discussed that if one of the partners decides to get married (or divorced) what will happen with the spouse in terms of the business.

___ If one of us decides to have a child, we have discussed how it is going to affect our participation?

___ We know what each partner is personally committed to and what the business represents for them.

Wow! I actually enjoy writing these because I know this is what works. Now, ask yourself: Do these questions make sense? If I’m going to create a business with another partner, does it make sense to know the answers to these questions? Ask yourself, what if I didn’t know the answers and wasn’t prepared? Could I lose my interest in the business?

So, I’d like to have some of your feedbackWe still have 5 more Keys to creating a Successful Business Agreement – and I’d like to know your thoughts. What has worked for you in business? What has caused upsets?

I look forward to sharing the next and final segment with you. Until then, I challenge you to take these questionnaires, print them out and actually go through the checklists.

And I’d like to give you a gift: Your Personal Entrepreneurial Strategy

With loving thoughts,

DC Cordova


Creative Commons License photo credit: Tracy O

The Four Agreements at Work

agreements for a workplace

The Four Agreements at Work
As a personal, professional, and organizational guide, can you imagine how much better businesses would function and the workplace would feel if we used the Four Agreements from the best selling The Four Agreements by Miguel Ruiz? The Agreements are so simple, yet so powerful.

THE  FOUR  AGREEMENTS are:

  1. Be Impeccable With Your Word
  2. Don’t Take Anything Personally
  3. Don’t Make Assumptions
  4. Always Do Your Best

Now let’s take a brief look at how the Four Agreements might apply in the workplace (from my book The New Agreements in the Workplace).

1. Impeccability of the Word:

Impeccability of the word addresses the power of speaking with integrity. Possibly even more important, it means remembering to think before we speak and choosing words that come from love rather than fear. Remember, every word starts with a thought. To be impeccable with the word starts with being impeccable with our thoughts. In some cases, being impeccable with our word means choosing not to speak if that is most appropriate to the situation. Can you see what this one agreement might do to reduce miscommunication, politics, and gossip in the workplace?

2. Personal Affronts:

We must realize that what others say and think about us is not important. Their words, politics, and gossip have nothing to do with who we really are in the workplace. When we become unattached to what others say, think, and do, we need be concerned with only ourselves and the meaning and quality of our work. This frees us to be more alive and energetic both in the workplace and at home.

3. The Trap of Assumptions:

Making assumptions is one of the fastest ways to create miscommunication and drama in our work lives. In most workplaces, we waste a great deal of time and energy dealing with politics, gossip, and solving problems that were created because we made assumptions that weren’t true. We should take actions based upon good data whenever possible and avoid making assumptions, especially those that are fear-based.

4. Doing Your Best Work:

Most of us do the best we can under the circumstances. Our best will vary from time to time, but if we know we’ve done our best, we can be kind to ourselves regardless of the results we create. We must remember that we can be only as kind to others as we are to ourselves. In a “Four Agreements” workplace, kindness to self and others will become a way of operating.

Can you picture everyone in your workplace being impeccable with their thinking and words? Not taking things personally? Not making assumptions? Doing their best all the time? Imagine what it would be like if everyone in all workplaces behaved that way. Incorporating the Four Agreements into the workplace is a great idea, but they must become more than an idea or concept to bring value to the workplace. We must begin by practicing what we desire to become: We must become living role models and conduct our lives according to the Four Agreements. We must become the Four Agreements.

David Dibble
New Agreements Healthcare

PO Box 2674
Rancho Santa Fe, CA 92067
Tel: 760-431-7893
email: David@TheNewAgreements.com
Web: http://www.TheNewAgreements.com

Creative Commons License photo credit: jordigraells