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

Do You Want A Lifestyle Business?

Posted by Aaron Walker on Oct 5, 2020 9:05:34 AM

This is going to be way different than the videos that I normally do from the Greenway but I just want to talk to you kind of from my heart, this is unscripted it's kind of an impromptu video. But I wanted to talk to you about something this morning that's really important to me.

 

Topics: Life Coaching, Accountability, Business Coaching, Masterminds, Career, Community, Relationships, Success, Significance, Priorities, Tips, Commitment, Blueprint, Clarity, Development, Self Development, Decisions, Wisdom, The Mastermind Playbook, Encouragement, Lift Someone Up, Be An Encouragement, Mastermind Business, Leadership, Guide, RoadMap, Execution, Trusted Advisor, Influence

Mastermind Process

Posted by Aaron Walker on Oct 2, 2020 9:00:00 AM

I want to tell you about something that we've been working on now for a year and it's called The Mastermind Process.  I want to teach other people to do exactly what we've been able to do in Iron Sharpens Iron.

 

We've worked diligently putting this together and we've got all the systems and all the processes the swipe files, the lead magnets, the onboarding processes. We teach yo, you know.  There's 44 videos in this process, there's about 50 to 75 tools that we give you to run the mastermind.  We tell you from saying hello to your mastermind group, how to close the meeting, run the meetings, man-in-the-middle, the leaders of the groups, how to onboard, we teach everything in this and it is absolutely outstanding!  You don't have to reinvent the wheel. It is a beautiful process!

 

Topics: Life Coaching, Motivation, Accountability, Coaching, Business Coaching, Masterminds, Career, Community, Relationships, Significance, Priorities, Tips, Consistent, Blueprint, Preparation, Clarity, Development, Self Development, Decisions, The Mastermind Playbook, Encouragement, Be An Encouragement, Mastermind Business, Leadership, RoadMap, Communication, Trusted Advisor, Influence, Influencer

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

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