Posts Tagged ‘business partnerships’

Don’t be pressured by other’s expecations

Monday, January 11th, 2010 Monday, January 11th, 2010

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This week’s tip is about getting out from underneath the expectations of other people. Women are quick to take on guilt for what they aren’t doing or what they aren’t doing well enough (in their own mind). More times then not, I see clients taking on superhuman responsibilities only to fail and blame themselves. Look at your to do list for the week (both personal and professional) and consider it it is reasonable for you to get everything done without driving yourself into the ground. You will not succeed in life or business if you take too much on. You’ll end up dropping balls, driving yourself into burn out, and missing out on opportunities. Find a mentor, coach, colleague, or someone else that isn’t directly influenced by your decisions and ask them to listen to the responsibilities you’ve taken on and ask them objectively if they are reasonable. My guess is no. Break things into 1)What you have to do 2)What you’d like to do 3) What you will do if you find the time. Taking on too much in 2010 to meet other’s expectations is the fast lane to failure. Take a breath, consider what to be involved in, and go forward in a measured tempo.

Best,

Chris.

www.GhostCEO.com

Check Your Stock Report

Wednesday, December 9th, 2009 Wednesday, December 9th, 2009

When you are looking to strengthen your business connections, it’s worth taking a moment to decide which ones are worth investing more effort into, and which may be ready to cut loose. Like your stock portfolio, it’s good to give yourself a reality check now and again.

I believe in potential and have sometimes hung on a little longer than proves useful, to give people a shot at showing me they’re as good I believe they can be. That’s okay, hope springs eternal. I’ll always be an optimist.

The key is, don’t keep throwing good money after bad. That’s just dumb.

You don’t have to skewer the individual, you just need to stop investing energy in a dream that’s going nowhere. Whether it’s a deal, a potential partnership, or landing the next big client, be ready to cool things off when they aren’t going where you need them to go.

And remember if it doesn’t work out as envisioned: it’s not personal. Repeat after me, “It’s not personal.”

Just think of it this way, you’ll have more energy to explore new opportunities.

Liz Gaige
Market Navigators Consulting

Compatible Values in Collaboration

Wednesday, November 18th, 2009 Wednesday, November 18th, 2009

Last week’s post on the Benefits of Collaboration got me thinking more about values fit and how that alone can make a significant difference in the success of a partnership.

In case you missed my earlier comments, let me explain. Partners’ values — the intangible outcomes they hold as important — don’t have to match up identically for a joint project to work. They do need to be compatible, not in opposition to each other. And if they are not mutually exclusive and not identical, they do need to be mutually respected.

A misalignment of values means that even if you and your partner have compatible skills, personalities, and communications style, the collaboration still may be a bust because you’re at cross purposes. You have your heart set on different intangible benefits, even if your tangible benefits are the same, i.e. financial success.

Mutually respected values means that even if you don’t hold the same priority to your partner’s values, you still respect and will honour those values equally to yours.

Now here’s where things get interesting and where 1+1=3 really takes off. By not prioritizing what matters to me more than what matters to you, but making them equally important, we push for a better outcome.

Say one partner values functionality over design, and the other values design over function. One is the technician, the other an artist. If the value for function wins out, you have a chair, but it’s aesthetically uninspiring. If the value for design wins out, you have a really cool looking chair that is uncomfortable to sit on.

However, when those two values come together, you get a chair that is cleverly designed and beautiful, as well as comfortable and stable.

Another example we can all relate to, technology tools were primarily functional from the day they were invented. Then along came Apple and turned things upside down. Their products are highly functional, no one can dispute that. But at last, someone over there decided functional could also be beautiful. They compromise neither form nor function, and the result speaks for itself. They have raised the bar and continue to do so.

Don’t compromise what really matters, work together to create a more amazing outcome than you might have.

Liz Gaige
Market Navigators Consulting

Benefits of Collaboration

Wednesday, November 11th, 2009 Wednesday, November 11th, 2009

Collaboration in business is often evaluated solely on the basis of potential financial benefits. That is an important factor for sure, but as in all areas of business, there are some “soft” benefits to as well, and considering them is an important part of knowing if a particular joint project makes sense for you.

Personality fit is a big one — There’s no one right personality type for an ideal partnership. Both parties just need to be clear on know who is who, and what foibles they each bring to the table. It’s easy to look at the other party critically, but we need take a good look at ourselves as well. And it’s just as important to truly know and acknowledge our weaknesses — or as I prefer to call them, “lesser evolved qualities” — as it is our strengths. Maybe even more, since it’s the former that seem to bring out more of the challenges.

Communications style is another intangible — Are your communication styles compatible? I’m pretty straightforward, which rubs some people the wrong way. Other people love it. I show pleasure and displeasure with equal sincerity, so if someone expects me to dance around an issue with, “Well, uhm, I sort of think, maybe we should…” we’re not going to work well together. Without compromising mutual respect, I want to know what they are thinking without second guessing, and I want to work in an environment where I have the same freedom.

Values fit is another biggie — What do you value, what does your partner value? Creative autonomy, collaborative problem solving , high quality standards, level of financial return, social or community contribution, environmental benefits… These are just a few of the values that may come into play, the list is endless. You don’t have to have identical values, but they do need to be compatible. Knowing and respecting each other’s values allows you to both get what you need.

Know what works for you and doesn’t, then don’t take it personally. If both of you can acknowledge and openly discuss differences up front, and come up with a game plan to bridge any gaps as they arise, you’ll be better equipped than many marriages to weather the inevitable storms.

If you can’t discuss things openly and reach an agreement, better to know before you “walk down the aisle.”

Liz Gaige
Market Navigators Consulting