Finding a Business Partner who Loves Doing the Things You Hate Doing

Discussion in 'Improving Your Negotiation Skills' started by Teena Barnett - Dyanetics, Jul 22, 2016.

  1. Teena Barnett - Dyanetics

    Teena Barnett - Dyanetics Member

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    I suspect that some of you enjoy the people interactions that come along with real estate investing ... but some of you don’t.

    I suspect that some of you enjoy the research that needs to go into bidding on a property
    … but again, some of you don’t.

    I suspect that some of thrive on the remodel and seeing the final product.
    Others prefer the buying/selling part of the business.

    Wouldn’t it be great if you could stop doing the things you don’t like? How much more fun would you have if you could focus on your area of genius in this game, and let someone else focus on theirs?

    It’s totally do-able – if you’re willing to accept the differences that brings to the table.

    What differences, you may ask? Won’t you both be dedicated to real estate investing?

    But when you love the people side of the business, and you decide you’d like to work with someone who enjoys the research side of the business, you are asking for trouble if you expect the other person to be like you! You actually want to work with them because they are NOT like you!

    The potential for misunderstanding is high when you don’t understand that differences and see them for what they are. Not Right. Not Wrong. Just Different!

    If you love talking to people and telling stories and finding out why people are selling, and how you can help, you have a unique skills set.

    If you love sitting behind a computer, researching tax records and property details, analyzing ROI’s and setting project timelines, you have a unique skill set.

    [​IMG] ..........[​IMG]

    Differences make great partnerships - with work
    One of you is going to hate the quiet and the tediousness of research, and the other will be overwhelmed by the ‘bigness’ of personality and the stories, and the laughter! And yet, a highly successful partnership is in the making!
    • Both of you will need to flex to the needs of the other to meet in the middle.
    • Both of you will have to listen, listen, listen.
    • Both of you will need to stop doing things your way and start doing things for the good of each other!
    • Both of you will have to let the other operate at the speed that right for them and allow space for each to be the individual you are.
    • Both of you will have to dial back and focus on the good of each other!
    If you are a people person, you may connect more readily with another people person. To make things fair for both, the two of you may decide to divide both the research and the people contacts. But there you are again, grinding away on the computer doing your share, while your partner does the same. Even though your partnership goal was to give that work to someone who really liked the research, leaving you to handle the people end! The same thing can happen, in reverse, with the research-lover who finds themselves communicating more readily with another technically-minded individual, instead of the easy-chatting people-lover.

    Many very successful partnerships are not made up of friends
    It can be a major mistake to expect your business partner to also be a friend – and vice versa.


    Business partnerships work when there is a common agreed-upon goal, with clear delineation of roles and responsibilities, and with the freedom to get to the goal in the manner best suited for the individual. Many successful partnerships are not made up of friends – just two people who have found a way to let each other use the strengths they have to best benefit of the relationship.

    Want an example? Brooks & Dunn. One of the most highly acclaimed, longest lasting duos in country music. They won award after award for more than 20 years. They literally made beautiful music together.

    And yet, on a personal level, they didn’t like each other. They didn’t hang out together when not on tour or in the recording studio. They didn’t have dinner at each other’s house, go to each other’s kid’s birthday parties, graduations, etc. They rarely even rode on the same tour bus!

    [​IMG]
    Brooks & Dunn, country music star duo and two very different personalities

    Look for a partner who …
    If you’re thinking about a partnership and are looking for someone who loves to do what you hate - go for it! Simply set your expectations accordingly and know that when you find that person, they won’t do things like you do, and that’s ok. You may not even like them very much socially. And yet, you, too, can create a beautiful, successful working relationship!


    My webinar is coming up on August 2nd, 2016 to help you identify partners that excel at the things you hate doing … and are happy to turn over to you the things you love doing. Link here
     
  2. Sophy W

    Sophy W Member

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    How can I determine the different skills in a partner that can complement mine? I'd like to know good ways to determine what my partner is bringing to the table.
     
  3. Teena Barnett - Dyanetics

    Teena Barnett - Dyanetics Member

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    Hi, Sophy! First you need to be able to specifically list your skills. A few of the questions you might ask yourself are: Am I detail oriented? Do I like solving problems for people? Would I prefer to never encounter another human being? From there, it's simply a matter of finding people who like to do the things you don't. Quite frankly it's probably someone you don't like very much because they think/act/do differently from you. The key is understanding why they do what they do in the way they do it. Once you learn to communicate with them in the way that's meaningful to them, you are on your way to a great partnership! Armed with the right techniques, this is really easy to do! For more information and to learn how I can help you to become really good at this, visit my website at www.dyanetics.com.
     

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