Aaron Walker Live From The Greenway!

What Do I Do Once I've Made A Mistake

Posted by Aaron Walker on Mar 3, 2021 9:00:00 AM

Do not be afraid of doing something new. If it doesn't work out right well okay, you can say, "Hey, I tried!" If it didn't work, pivot change. Do something else but do not be afraid that it's going to fail. Do not think what other people will say or how they are going to view you. Do not allow any fear to keep you in a place - a place that you're not going to experience the life that you want. It's okay to make a mistake. Failure is in not trying not in not succeeding. Shift your mindset! Go out there and go for it. I want to encourage you today to stop being afraid. Pull the trigger! Do something, try something, do it methodically, don't think you have to do it all at one time right. If you're in a spot that you don't enjoy, transition slowly. Get accountability, get people around you that can help you. Incrementally implement a process and a system and a plan that you can work your way out of where you're at.

 

 

Topics: Accountability, Masterminds, Success, Significance, Priorities, Tips, Commitment, Move Forward, Preparation, Discipline, Clarity, Development, Self Development, Decisions, Encouragement, Risks, Guide, RoadMap, Determination, Advice, Obstacles, Legacy

10 Tips On How To Create A Great Partnership

Posted by Aaron Walker on Feb 3, 2021 9:00:00 AM

10 Tips On How To Create A Great Partnership.


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, Motivation, Masterminds, Finances, Relationships, Success, Significance, Priorities, Commitment, Preparation, Clarity, Development, Decisions, Encouragement, Risks, Leadership, Guide, Communication, Execution, Trusted Advisor

I Was Told Not To Tell Anyone, But I Know I Can Trust You.

Posted by Aaron Walker on Dec 14, 2020 9:00:00 AM

Have you ever had someone come up to you "listen I was told something and I am not really suppose to tell you, but you're my buddy and I know I can trust you so I am telling you..." How many times have you heard that? How many times have you done that? I challenge you. When someone starts with "hey, I am not suppose to tell you this..."" hold your hand up and say "stop, don't tell me. I don't want to be a part of you becoming a liar." I promise you, that person will respect you more! Be that man of integrity!

 

 

Topics: Motivation, Accountability, Character, Community, Relationships, Significance, Priorities, Commitment, Consistent, Integrity, Discipline, Clarity, Reputation, Development, Crossroads, Wisdom, Encourage, Risks, Determination, Influence, Influencer, Authenticity, Truth, Honesty

What Is Your Leaky Faucet?

Posted by Aaron Walker on Nov 23, 2020 8:09:02 AM

Last year, there was a leaky faucet outside the hydrant. It was dripping and I kept saying I'll fix that next week. Then, the weather went crazy cold and I still have not fixed it and I guess you know how that turned out.

I thought about how that equates to our personal lives. We keep having that mentality "I'll take care of it later." What decisions are you making today that are going to affect you adversely 30, 60, 90 days from now? I want to encourage you today, take an inventory.

 

Topics: Life Coaching, Accountability, Character, Family, Relationships, Success, Significance, Priorities, Tips, Parenting, Commitment, Persistent, Consistent, Integrity, Discipline, Clarity, Development, Self Development, Decisions, Crossroads, Wisdom, Encourage, Encouragement, Risks, Leadership, Father Figure, Determination, Perseverance, Execution, fingerprint, Attitude, Procrastination

How’s Your Heart?

Posted by Aaron Walker on Oct 16, 2020 9:30:00 AM

I want to encourage you to think about this, right during these devastating trying times and just consider where you can put your confidence in your faith.

Happiness is a choice, not a trade. We have to choose to be happy. And the thing that we need to be really more focused on now, that happiness is joy and for me I can only find joy in the Lord.

 

Topics: Character, Community, Significance, Faith, Priorities, Persistent, Clarity, Development, Self Development, Burden, Decisions, Crossroads, Be The Light, Encourage, Be An Encouragement, Risks, Happy, Be Happy, Determination, Perseverance, Advice, Attitude, Joy

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