Aaron Walker Live From The Greenway!

10 Tips On How To Create A Great Partnership

Posted by Aaron Walker on Jan 13, 2021 9:00:00 AM


I have had about a dozen partnership over the years of me doing business. Don't let people stop your dreams when they tell you that partnerships don't work. That's not true! If they are carefully planned and structured. There has to be an operating agreement!


Here are some tips and things you need to consider so you can create a great partnership.


1. What is the business evaluation formula if we decide to sell? Deposit/length of time/interest rate/etc ( This should be a price that dissuades the partner to sell, not rewards him)
2. What if one partner develops a competing product? Does this negate the partnership? I suggest a length of time for a no non compete.
Who owns the product and platform if you dissolve? What happens if one partner dies?
3. Do I have first right of refusal if the other partner wants out? Will the same evaluation formula be used? Historically, you are penalized when leaving prematurely. This always encourages the partnership to remain in place. It keeps each partner from plotting an early exit. Keeps everyone honest.
4. If a cash influx is needed from the partners are you agreeing to bring your % equal to your ownership %? How much time is allotted for your contribution? What is the plan if the partner says I don’t have or do not want to contribute additional capital?
5. How will the profits/proceeds be distributed? This is a big concern. I suggest a % be distributed and a % be reinvested back into the business. Don’t establish a dollar amount, it always changes as the business grows.
6. When will profits be distributed? Monthly/Quarterly/Annually?
Your needs will always be different. A formula for distribution of profits needs to be in place regardless of your needs. Never distribute based on needs of the partner, this will cause hardship and confusion. Distribute on a schedule.
7. What is the job role/responsibilities, of each partner? Write them out.
8. What is the process if the partner falls on hard times and wants to sell? Non elected, forced ( Bankruptcy, divorce, health, etc..) Formula for evaluation/terms/first right?
9. Is there a dispute clause if you reach an impasse? Or, majority owner holds the red button? This could be a phased approach. 1. Owners decide 2. Trusted advisors decide ( predetermined) 3. Arbitration
Where will the partnership be incorporated?
10. There should be a vision/mission/core values.


You cover these big topics and your future life will be much better, I promise.

 

 

Topics: Business, Accountability, Business Coaching, Balance, Success, Significance, Priorities, Blueprint, Preparation, Discipline, Clarity, Decisions, Crossroads, Wisdom, Encouragement, Guide, RoadMap, Communication, Growth, Perseverance, Execution, Obstacles, Evaluation

How Can I Make Money And Change Lives?

Posted by Aaron Walker on Oct 28, 2020 9:30:00 AM

This is as question I get asked almost invariably, almost every single day.

 

Masterminds! It is the thing that I have been doing for years!

 

I'd like to encourage you that you can do the same thing! You can do it, starting right now! Today!

 

Topics: Business, Motivation, Accountability, Business Coaching, Masterminds, Finances, Community, Relationships, Significance, Priorities, Tips, Commitment, Preparation, Clarity, Development, Self Development, Burden, Decisions, Wisdom, The Mastermind Playbook, Encourage, Encouragement, Be An Encouragement, Mastermind Business, Leadership, Execution

This Will Make You Money And A Hero And Not Cost You A Cent

Posted by Aaron Walker on Sep 30, 2020 9:00:00 AM

Everybody matters. Every sing person matters. But what we do as entrepreneurs and business owners, we’re always thinking about the next best for us as an individual.

 

I want to tell you, if you’ve got one employee or 400 employee, whatever the case may be, if you’ll do this little tip, I promise you that person will eventually will run through a wall for you. They will do anything you want because you are interested in them. You are helping them accomplish their goals, dreams, tasks. Have an intimate relationship with your employees. Start asking questions about their children, spouse, where they live and how you can help them obtain that nicer house or a better car.

 

It doesn’t take that much human interaction to really make a huge difference in the lives of other people. Ans the tip for the day is this - do you care?

 

Topics: Business, Accountability, Character, Career, Community, Relationships, Success, Significance, Priorities, Tips, Commitment, Consistent, Clarity, Reputation, Development, Self Development, Gratitude, Decisions, Lift Someone Up, Leadership, Communication, Determination, Execution, Advice, Influence, Influencer, Network, Authenticity

Are You Wanting To Make A Difference?

Posted by Aaron Walker on Sep 28, 2020 9:00:00 AM

I hope after this video you'll have more clarity about how you too can make a difference.

 

Today we have created The Mastermind Playbook.  In this playbook, we have created over 90 documents.  There's white labeled lead magnets, there are courses within the playbook, there are step-by-step on how to create grow and scale your own mastermind groups.  What is amazing to me is what you can do with such few amount of people in these mastermind groups.

 

 

It is absolutely off the chart!  We started getting some recognition that we didn't expect.  INC magazine reached out to us and wanted to do a story and they did a full-page story in this. Dave Ramsey's team reached out to me and said “We want to go through this and take a look at it … So we spent hours going through dissecting this.”  And they said, “This is absolutely unbelievable!”  We even got an amazing endorsement from Dave Ramsey himself!

 

If you're interested in this I suggest right now you go to https://www.themastermindplaybook.com/   - one of our sales persons are waiting eagerly to be able to help you.  They can answer all your questions.

 

Topics: Business, Life Coaching, Motivation, Accountability, Coaching, Business Coaching, Masterminds, Finances, Career, Community, Relationships, Significance, Priorities, Commitment, Preparation, Development, Self Development, The Mastermind Playbook, Encouragement, Be An Encouragement, Mastermind Business, Leadership, Communication, Execution, Trusted Advisor, Influence, Influencer

Business Opportunity

Posted by Aaron Walker on Sep 25, 2020 9:00:00 AM

I want to tell you about a business opportunity and not just a business opportunity, it is an opportunity to transform the lives of those that are in your community.

 

I am talking about creating your own mastermind group with the help of our The Mastermind Playbook. Let me just be very clear, this is not for everybody. A lot of people have no interest whatsoever in mastermind groups and I get it but I get to see the life transformations of people every single day and it's very rewarding it's very meaningful and purposeful to me individually and I know many of you want to do that as well.

 

So if you're interested go now to https://www.themastermindplaybook.com/

 

Topics: Business, Life Coaching, Accountability, Business Coaching, Masterminds, Career, Community, Relationships, Success, Significance, Priorities, Blueprint, Preparation, Clarity, Development, Decisions, Wisdom, The Mastermind Playbook, Encouragement, Be An Encouragement, Mastermind Business, Guide, RoadMap, Trusted Advisor

v

Profit First Mike Michalowicz Book of the Month ISI mastermind

Mastermind Blueprint How to Build a rich life

Subscribe to Email Updates

25 questions every man should answer to go from success to significance

Recent Posts

The Steps for Men to have a more productive day
.

Posts by Topic

see all
Free Personal Assessment for Men