If you have plans on getting some new additions to your company, then you are advised to read this article first. Take note that you are putting your main source of income on the line here. Thus, you should be able to think things through so that everything would turn out fine for you. So, read on and have no regrets.
First of all, you are required to have a comprehensive meeting with your lawyers. They are the people that you really need right now since you are on the verge of getting into partnerships. Remember that without these people, you would never have any legal advice. Thus, talk to them as soon as you can especially if you have deadline to keep.
Second, be certain that you are able to see the same thing with your prospects. If you have clashing opinions all the time, then consider that as bad sign on your part. You can never have this type of people on your team. They will only bring trouble along your way. When that happens, then your business might fall apart.
Third, be sure that your candidates are not lazy bums. You might make them your business partners but that does not mean that they can already slack on their work. They have to withhold the vision and mission of your company. Otherwise, they are not worthy of your trust.
If you are only capable of talking business with your prospects, then this means that you can only have a one dimensional relationship with these people. This is actually not a beneficial situation for you. So, consider the candidates that you still have left. If they are nothing like the first people whom you have met, then you can have them shortlisted.
Now, if you have a strict rule with regards to passing your company to the next generations, then no one can stop to you from adhering to your tradition. In fact, this arrangement can even be more beneficial to you since you already know the people whom you will be training. Shaping them into business owners will not be a problem.
On the other hand, strict punishments are required to be implemented in your business. Your partners are definitely under the coverage of these rules. If they violate any of your company regulations, then you have no choice but to either oust them from their position or give them the penalty that you have set.
However, you should give your partners a little bit of freedom. Allow them to file an official leave of absence if ever they want to take a vacation from time to time. You should not deprive them of this privilege if you do not want your meanness to backfire towards you. That is just the way it should be.
Lastly, determine how you will be able to exit. No matter how much you trust your partners, you will never know what they will do to you in the future. So, the plan must be bulletproof at all cost.
First of all, you are required to have a comprehensive meeting with your lawyers. They are the people that you really need right now since you are on the verge of getting into partnerships. Remember that without these people, you would never have any legal advice. Thus, talk to them as soon as you can especially if you have deadline to keep.
Second, be certain that you are able to see the same thing with your prospects. If you have clashing opinions all the time, then consider that as bad sign on your part. You can never have this type of people on your team. They will only bring trouble along your way. When that happens, then your business might fall apart.
Third, be sure that your candidates are not lazy bums. You might make them your business partners but that does not mean that they can already slack on their work. They have to withhold the vision and mission of your company. Otherwise, they are not worthy of your trust.
If you are only capable of talking business with your prospects, then this means that you can only have a one dimensional relationship with these people. This is actually not a beneficial situation for you. So, consider the candidates that you still have left. If they are nothing like the first people whom you have met, then you can have them shortlisted.
Now, if you have a strict rule with regards to passing your company to the next generations, then no one can stop to you from adhering to your tradition. In fact, this arrangement can even be more beneficial to you since you already know the people whom you will be training. Shaping them into business owners will not be a problem.
On the other hand, strict punishments are required to be implemented in your business. Your partners are definitely under the coverage of these rules. If they violate any of your company regulations, then you have no choice but to either oust them from their position or give them the penalty that you have set.
However, you should give your partners a little bit of freedom. Allow them to file an official leave of absence if ever they want to take a vacation from time to time. You should not deprive them of this privilege if you do not want your meanness to backfire towards you. That is just the way it should be.
Lastly, determine how you will be able to exit. No matter how much you trust your partners, you will never know what they will do to you in the future. So, the plan must be bulletproof at all cost.
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