Aaron Walker Live From The Greenway!

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.

Frank used to work for me. Each and everyday when I ask him how's he doing, he responded to me with enthusiasm and positive attitude!

Watch the video and hear my story about Frank, why you should look for positive things only, why you should choose to be happy and how you can make someone happy today!

Three and half years ago, I didn't even know what podcasting is. Little did I know that it will be 95% of my marketing strategy. Let me share with you steps that have worked for me since I started.

1. Get clear what your story is, your product or services. If you're not crystal clear, you can't share it to the world.

2. Create a pitch sheet. Sit down and write your bio, the services/products you offer. Do bullet points not a long biography that busy people won't read. Be succinct, clear and get to the point in what you can do and offer and put your contact info.

3. If you do get in a show, give something out. Create a lead magnet. Do something that you can give out. Create a landing page where they can enter their email addresses and names in exchange of the documents you are giving away for free and then you can also tell them about your other offers. Now you're building your list.

4. Promote the podcast in different social media and link back!

It may sound difficult and it is indeed a lot of work but hey, it's evergreen! It's free! It gives you exposure in social media and it gives you SEO value from the show notes. So why would you not want to do that?

You still have questions? I can help you! Send me an email at aaron@viewfromthetop.com.

You say you dont have time? Let Interview Valet do it for you! You know my friend and COO of View From The Top, Tom Schwab. He runs Interview Valet and he'd love to help you out too! Contact him at tom@interviewvalet.com.

Don't think you can't do it. I can help. If you think you need help, let me or Tom know!

Are you always working too much?

Are you making dollars but you're miserable? Do you got the money but not happy?

Are you not having good relationship with the people you love?

Do this with me! Put the devices at rest.

Be with your family. Go out and have fun! We need some margins in our lives.

God says we need a day of rest.

And I am challenging you today, have a day of rest!

Are you that kind of guy or do you just make commitments until something better comes along? Do you fall off the wagon when it get's hard?

I hope you're the kind of guy that people say: he's my buddy, he wouldn't stab me in the back, he wouldn't do it just for the money. He wouldn't do it just because something else came along. I got a friend that's true blue! I got a friend that says he'll be here, he'll be here. You can count on him.

We never know how our commitment affects and impacts other people.

Things that are good are worth working for and things that are good are worth committing to.