A partnership fell apart because expectations were never spelled out. The speakers say vague expectations cause most partnership failures, and the fix is a written agreement listing who does what, especially who brings in money. High-scoring partnerships need immediate conflict resolution and direct communication instead of assumptions.
And I know in the past when I personally have tried to partner up with somebody just on one little project, not something big like a business, things would fall apart very quickly. And, and for me it was generally maybe the expectations weren't clearly laid out or something.
There's a lot of things to do. You were right, expectations is the biggest thing. Most of the time we go into it We're very excited about it. Everybody's on board. And then we hit a hiccup. You've got to have in writing who's doing what, who's responsible for what, right down to the generation of revenue. Because if one person is doing all the revenue generation, the others are going to feel bad that they're not doing it. And the person who's doing the revenue generation is going to be resentful of them because they're not doing it. The intangible, but it is very tangible, is that we like to say we have a 10 relationship. So on a scale of 1 to 10, our relationship is a 10 individually and together. And what that means is that if we have a conflict, we handle it right then and there. We speak our mind with tact and love. We don't make up stories about what we think somebody might be doing or not doing. We ask and we communicate.
