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The Roundup: Oct. 5, 2005

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Table of Contents

  1. Editor's Musings
  2. Article: 5 Questions for People Who Are Considering A Partnership Dr. Dorene Lehavi, Ph.D.
  3. Recommended
  4. Internet Sites Reviewed
  5. Freebies and Other Good Deals
  6. Joke of the Week

1. Editor's Musings

My apologies for the late publication. Deadlines are catching up with me this month.

A happy Thanksgiving to my Canadian subscribers. And -- to our US neighbours-- yes, Canadians celebrate Thanksgiving, but at a different date than you do.:-)

2. Article: 15 Questions for People Who Are Considering A Partnership

© Dr. Dorene Lehavi, Ph.D.

Is the person you are considering the right one to be your partner? Here are some important questions to ask each other before you sign an agreement.

Suggestion: It is better to answer them alone, in writing before you discuss them out loud preferably in the presence of an unbiased trained observer who can point out the subtle differences important to note.

Another suggestion: After you have answered each question, go back and answer them again in much greater depth. Allow sufficient time and don't do it all in one sitting.

1-Why do you want a partner?
2-Why do you want me as a partner?
3-What strengths will you bring to this business?
4-What strengths do you think I am bringing to this business?
5-What is your vision for this business?
6-What personal goal do you want this business to fulfill?
7-Where do you want to be in 3 years? 5 years? 10 years?
8-Should we be equal shareholders?
9-How will we resolve disagreements?
10-What do you envision will be the area from which you will derive the most satisfaction from this business beyond financial success?
11-What will be the area of most stress?
12-How will this business change your life?
13-What areas do you suspect are the most likely for problems to appear between us?
14-Which of your traits will most likely be a source of annoyance to me?
15-What about me will most likely be a source of annoyance to you?

Choosing a partner for business is as complex as choosing a partner in marriage. The shocking stats are that 70% of all partnerships don't make it. Therefore, it is important for you to know as much as possible about each other at the outset. Just like in a marriage and life in general, there will always be situations and times you could not have predicted. Having a coach help you develop tools for communicating and dealing with the business while tempering emotions and diversions of attention is a wise and cost effective insurance on your financial and emotional investment.

Resource Box:
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Dr. Dorene Lehavi, Ph.D. is principal of Next Level Business and Professional Coaching. She coaches Professionals and Business Partners. You can purchase her ebook or soft cover editions of Stop Doing What You Hate.Start Doing What You Love at www.StartDoingWhatYouLove.com. Contact Dr. Lehavi at Dorene@CoachingforYourNextLevel.com or on the web at www.CoachingforYourNextLevel.com and sign up for her free newsletter, Mastering Your Next Level.
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3. Product Recommendation: *** FREE TRIAL ISSUE of Entrepreneur Magazine ***

You can get a free trial issue of Entrepreneur Magazine. You know the one -- the glossy print publication sold on newstands. Even better, the free magazine trial is available to international visitors, not just to residents of the US as is often the case.

In case you aren't familiar with Entrepreneur magazine's web site, they offer a wealth of products and information. All are reasonably priced and some are free.

Here are a few examples:

1. Special Discount Offer: Save $10 on books to help you start your own business

2. Franchise Shopping? Get Free Advice from Entrepreneur Magazine's Franchise Experts

3. Special Offer: FREE software to help you start your business

4. 10 Free Starting a Business Books

5. Top 20 Part-Time Businesses

They also offer a number of industry specific guidebooks, including six food industry businesses, the medical claims billing business, import/export business, bar or tavern, cleaning business,freight brokerage, consulting, event planning and many others.


4. Internet Sites -- reviewed by June Campbell

*** Mexico Connect***
Dedicated to assisting companies everywhere, to develop successful commerce in, with and from Mexico.

*** Hispanic Business Magazine***
Site contains a wealth of information and resources for Hispanics in business or for others wanting to do business with Hispanics.

*** Small Business Canada
Resource site pertaining to doing business in Canada.

*** Family Business Library
Searchable archive of articles published in Family Business magazine.

5. Freebies and Good Deals

Did you know that subscribers to Bob Osgoodby's Free Ezine "Tip of the Day" get a Free Ad for their Business on his Web Page? Subscribe at:adv-marketing.com/business/subscribe2.htm Great Business and Computer Tips - Monday thru Friday Instructions to place your ad are in the Newsletter.

6. Joke of the Week: Identity Issue

Two elderly women had been friends for many decades. Lately, their activities had been limited to meeting a few times a week to play cards.

One day they were playing cards when one looked at the other and said, "Now don't get mad at me....I know we've been friends for a long time.....but I just can't think of your name! I've thought and thought, but I can't remember it. Please tell me what your name is."

Her friend glared at her. For at least three minutes she just stared and glared at her. Finally she said, ""How soon do you need to know?""


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