Romy Taormina

Psi Bands - Nausea Relief Chief/Co-Founder
Pacific Grove, CA
http://www.psibands.com

    The Skinny on Partnering (Part 2)

    March 23, 2009

    So you have a business partner, or maybe you’re considering adding one.

     

    What happens if you have disagreements? What if one person is pulling more weight than the other? What if …

     

    Let’s cut to the chase. In any relationship, there are going to be disagreements and life is not fair.

     

    Disagreements

    There will be disagreements because no two (or more) people can be in a relationship and never have a disagreement. But, this doesn’t have to be viewed as negative because differing opinions can bring you to a higher level of thinking and result in more effective decision making. Of course you have to be in a partnership where you and your partner(s) are willing to compromise – sometimes standing firm on something you strongly believe in, and other times letting go because it is not so important to you. Sometimes you need to put something on temporary hold while the partners think on it. Then reconvene and see where you are now after sleeping/showering on it. My business partners and I have never just simply thrown in the towel because it was too difficult to come to a decision. We weigh the pros/cons to a decision and ultimately arrive at a decision that we feel is the best for the company – because that’s what we all want to begin with.

     

    Division of responsibilities

    Nothing is 50/50 in any relationship – there will be discrepancies. Whether it is time or financial output, every partnership will have some inequity. The idea is to try and achieve balance. Maybe one person works more, but earns a higher salary. Or, one person contributes more financially, so gets paid a higher salary. Or, one person’s skill set is worth more per hour so they work less. Or maybe it comes down to that one person works more than another but realizes or gains an internal gratification unmatched by their partner(s) because “you get what you put into it”.

     

    Like in any relationship, communication is key. Stand your ground where you feel you need to, but be fluid and flexible as much as you can.  

     

    Do you have more “what if” partnering questions? List them here.   

     

    P.S. One of Psi Bands’ goals for 2009 is to land another large retail account (5,000+ stores).

    Read Romy's other blog entries >

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