What happens when your work ethic doesn’t match up with your business partner’s? And how should you communicate to a potential business partner about your work ethic expectation?
Join us on this episode of The Small Business Show to learn about managing work ethic expectations and how to resolve work ethic issues with existing business partners.
00:00:00 Small Business Show #265 for Wednesday, March 4, 2020
00:03:09 Defining Work Ethic
The “I want to work with you” dilemma
Rich Dad, Poor Dad
Have the approacher write up the “how will it work?” on the proposed partnership
Are they telling you what you want to hear?
Define success
Ownership allocation
00:19:17 SPONSOR: Linode. Instantly deploy and manage an SSD server in the Linode Cloud. Get a server running in seconds with your choice of Linux distro, resources, and choice of 10 node locations. Visit Linode.com/SBS to start with a $20 credit.
00:21:30 Part 2: Defining Ongoing Policies and Conflict Resolution
Define who helps resolve disputes
Build your Formal Operating Agreement
If you’re a perfectionist, you will be alone.
00:27:12 Part 3: Communication
Keep it casual at first
“Let’s both write down what our current duties are, and how much time they take us each day”
“Maybe we need to get you an assistant.”
Avoid “busy”, focus on “productive” (SBS 263)
Try to come together
Face-to-face vs. phone
00:36:30 Shannon’s Pick: American History Tellers Podcast
00:37:13 SBS 265 Outtro
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