Monthly Archives: November 2011

The Post-Launch Partnership

business partnership

Martin and Lewis, once partners

I recently met with three other business owners to discuss best practices in partnerships.  We could have simply read a book on the subject (such as The Partnership Charter by David Gage), but the primary focus of the meeting was on the situation of one of the participants.  He was thinking about bringing a partner into the business he founded seven years ago.  The other two participants had partnership experience.

We came up with a short list of imperatives for successfully bringing a partner into an ongoing business. Continue reading

What do you do in your off season?

I’m a Philadelphia Phillies baseball fan. You don’t have to be interested in the team to compare their story with that of your business. The Phillies finished the 2011 season with a won-loss record of 102-60, the best in major league baseball. They are now in the “off season”, with 3-4 months to recuperate, rehabilitate, and recreate. Team management will use that same time for examining the team’s strengths and weaknesses, as well as external opportunities and threats; developing appropriate strategies for addressing those factors; and taking action on those strategies for next season. Sounds like a business, doesn’t it? It is.

The Phillies are a really good team but they continually look for ways to improve. Do you lead a really good team that’s looking to improve? What are you doing about it in the off season? Continue reading