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Proven Business Relationship Agreement – Part 1

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Proven Business Relationship Agreement – Part 1

By DC Cordova

In this series of posts, I’m going to share with you what has worked for me in business for the last 30 years. I currently have business agreements with partners in China, Singapore, Malaysia, Australia and the United States. I’ve done business with well-known authors, speakers, artists, producers, film-makers, promoters, government ministries, large and small organizations – you name it. What I tell my clients is if you prepare for your business relationships, your partnerships, like you do marriage, then I can guarantee you a significantly higher success rate. This article contains steps 1 and 2 to creating a successful business relationship. Follow along, put it into practice and enjoy the fruits of clarity.

As all human beings have feelings, opinions, beliefs and emotions that can and do affect us in different ways in the various circumstances that make up our lives, I, _____________________ and I, _____________________ agree that as of this date: _______________________, we have read the chapter in What School Should have Taught You about Money & You and have fully discussed and hereby declare that we have discussed and are now fully aware of the following…

1. Be willing to make your partner happy

___ We have asked and told each other what makes each of us happy in business and personally.

___ We know what we can do to bother them and get the upset.

___ We are willing and committed to hear each other out – repeating the  other’s point of view before expressing our own opinion.

___ We are willing to have things go “their way” at times

___ We will consciously and clearly “agree to agree” or “agree to disagree” when necessary.

___ We will “share” in the way the business is run and agree to how that might look like.

2. Create joint ventures first before creating your business partnership.

___ We will go (or have not gone) into our partnership until we have worked on a few projects under “joint-venture” basis first.

___ We realize that this partnership/business venture is more like a marriage than anything is, and we will get to know each other like we would in a courtship.

___ I am willing to commit to my partner, as well as the business…

___ for a very long time.

___ through thick and through thin

___ to talk together and meet on a regular basis to evaluate how it is going

___ to call in a third party to facilitate when we don’t see eye to eye and cannot resolve a conflict within 45 minutes.

___ to get to know each other first for at least ___ months or ___ years.

___ We will spend plenty of time together before moving on to larger commitments.

___ To see each other working under a variety of situations, both when things are going well and when they aren’t.

___ To see each other when we are under pressure.

___ To spend time traveling together.

___ To get involved in activities together that will allow us to see how my potential partner(s) react under different situations.

___ To interview their old friends and ex-partners.

___ To attend several different types of seminars together, including intensive, long-term personal growth as well as business programs.

___ To learn how best to communicate with each other.

___ To work with a professional team builder and business coach to help us review or develop our business practices.

___ To develop a “language” we can use together.

___ To meet as soon as possible after each project we do together to review it, confirm what worked, list what didn’t work, and commit to the change that each “learning experience” indicated is needed.

___ To correct my systems (or attitudes) and learn from them.

This may sound like a lot to agree on – and if you really read this, you do this in regular relationships before fully committing in a marriage. I encourage you to approach your business partnerships like a marriage because you are legally agreeing to be in partnership. And sometimes dissolving a business can be more destructive and time-consuming than divorce. So be prepared.

And as my old partner used to say, “If someone will cheat in their marriage, what would stop them from cheating in business?”

In my next post I’ll share Steps 3 -9 in Proven Business Relationship Agreement – Part 2 …from “Get clear on your purpose” to “Who is going to do what?”

With loving thoughts,

DC Cordova

P.S. – Get Your Personal Entrepreneurial Strategy and take your business to the next level!

© Money & You® 2006 – 2009

Share Your Success

Share your success

Whether you have created a hugely successful business…  Competed in the Kona Ironman… Created a wonderful relationship that works… Have created a new life with happy, fulfilled children… Taken your talent around the world… Became an educator or motivator… Written the book you knew you had inside you… Followed your heart no matter where it lead you… Are living the life you were meant to live… Are singing your song out loud… They’re the stories we ALL want to hear!

Don’t be SHY! We’d love to help you tell the world how you’re helping to change it or how your world has transformed since your completion of Money & You®.

True PurposePlease send DC Cordova your “share” at info@excellerated.com and your story could be featured here if we feel others would be touched, moved and inspired by hearing it! Or let us know on the blog by leaving your story in the comments section.

I leave you with this from R. Buckminster Fuller:

“You do not have the right to eliminate yourself; you do not belong to you. You belong to the Universe. Your significance will remain forever obscure to you, but you may assume that you are fulfilling your role if you apply yourself to converting your experience to the highest advantage of others.”

 photo credit: nDevilTV

The Ultimate Entrepreneur’s Desk Reference

Money Making Systems Book

Money-Making Systems: For People Who Work With People
By D.C. Cordova with Carol Dysart

“Work on Your Business – Not in it!”… Michael Gerber, author “The E-Myth”

Want money-making systems to bring you more peace of mind, prosperity, efficiency and control? They are all outlined in this book!

Money-Making Systems is an organizational manual with all the systems that any business owner, entrepreneur, manager, free agent, business student, office manager or professional might need for their office. This guide will help you improve your productivity and performance, reduce the chances of team member turnover, and leverage all the human resources in your organization and network. Once you customized and apply each system, you will get more done in less time, enjoy greater peace of mind, have more time, and make more money!

WHY do you call it Money-Making Systems? It is THE ultimate “Entrepreneur’s Desk Reference” for people who need to get their work done work with and through people. It contains the fundamental (and many advanced) principles for building a successful business, organization, profession, or practice and, once implemented and fine tuned, would allow the “boss” to set out of the business and work “on” their business, not “in” it..

The principles shared in this book have been proven by D.C. Cordova and thousands of her students who learned them from her in the course of running a global entrepreneurial education business since 1979, Excellerated Business Schools® for Entrepreneurs. She first learned many of the organizing principles during her early career as a top Court Reporter, Interpreter, and Assistant Legal Secretary in the Court and Legal Systems of several major cities. They were the best-kept secrets and she learned them from the world’s most organized and successful people; what she called “the little ole ladies in the back room.” They could put their hands on any scrap of paper in a huge building, filled with files on every floor.

The promise of this book is that any reader who actively applies these fundamental “best practices’ will find they have the systems and skills they need to create any business into a turn-key, predictable system for achieving wealth, success, freedom. It will give the ultimate confidence and peace of mind to the owner who will know that their business will run – with or without their constant presence and direction.

WHO is Money-Making Systems for? Unless anyone can go into your work space and start operating your business from what they find there, you will get incredible value from this book. Any professional and entrepreneur: including lawyers, doctors, chiropractors, accountants, and students preparing who sees change and improvement in their professional or entrepreneurial future. Anyone who wants a successful business and wants to discover and develop their own “success habits and systems” will find Money-Making Systems invaluable.

WHY read Money-Making Systems? So you do not have to re-invent the wheel. Learn without having to take time or make the mistakes it took to develop such systems. Learn what it takes to establish a business based exclusively upon systems. If you live outside the USA, this “manual” is written to respond to your needs for practical business education, regardless of what country you live in. It is simple to understand and apply – and it just makes sense. It teaches you how to create a win/win environment everywhere you go. It teaches you how to build a business around your own personal areas of interest and reproduce what is already in place behind the scenes of most successful businesses.

HOW can the systems be applied? The book is filled with the instructions, sample charts, worksheets and forms you can to pull out, copy, then customize to fit your own business. Each chapter contains a different, but important principle. It then guides you, step-by-step, through instructions on how to implement it in your business. You have the power to put these successful principles into practice in your business-starting today.

Testimonials

“I was fortunate to be personally trained by D.C. Cordova in the art of getting teams of volunteers to work together and get fast powerful results with low effort in short time periods. Since employees are easier to organize and work with than volunteers, and because world competition is forcing all businesses to become better at quickly serving customers well, D.C.’s experienced, honed, practical methods may well improve your business or organization (and its cash flow).” Rolf Parta, Investor

“I learned a new method for cleaning my desk, reinforced skills in time management, and got me interested in personality types and learning procedures — all important steps to power. Very intense and worth-while. The attention to detail, through organization, exercises and commitment made for a good learning experience.” G. O’Flynn, Accountant

“My desk looks like it belongs to someone else since I applied the technology in this book. The flow of information, in and out, and what needs to be handled now, is so clear that the familiar clutter of my desktop has gone. My secretary loves working with the new organized me.” A.W. Wayland, Director

To order your personal copy of Money-Making Systems click here.