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Partnership
Savvy: Seven Secrets for a Productive & Profitable Partnership
By: Christina Haxton, MA, LMFT and Mary Ayers, MA, LMFT |
Partnerships exist at many levels: Personal (a marriage) and professional (a business) and sometimes these two occur together (a family business), and "official" (a legally recognized LLC, LLP) and "unofficial" (a handshake, an understanding, a contract to provide services).In this series of articles, we will define partnership to be when two or more people, businesses or organizations join together to accomplish a professional or business-related goal, specifically in the horse industry. Here are some examples of the partnerships we will talk about:
All of these partnerships exist to accomplish goals, such as: financial success, professional recognition, or personal success and satisfaction as a result of the partnership. Easier said than done, right? Right. If I asked you to think of the number of successful partnerships you know of, and the number of troubled or failed partnerships you know of, which number is bigger? How many people do you know of who are working with a trainer for a while, then sooner or later, begin to complain that they aren't getting enough from the trainer? Or their horse isn't being ridden or shown enough? Then they move on to the next trainer and the next and the next? Or how about the trainer who is working out of a facility and after a while the facility owner begins to want to call the shots and tell the trainer how to do his or her job? So the trainer moves to the next facility, or starts his or her own business. What about the association, chapter or club whose membership is low or worse, dwindling into non-existence? Or investors in a stallion syndication who can't agree on where, when and whoshould show their prospect for the best exposure? There are many more examples. You may have been or are currently in a struggling or failing partnership. You may be considering a future partnership. Keep reading. This series of articles will describe what we call Partnership Savvy. The secret to a successful partnership is when partners use these relational skills in their business relationship. These Relational Skills are NECESSARY for a Productive & Profitable Partnership. Good news and bad news: Can they be learned? YES! Is EVERYONE motivated to learn and apply them in their partnership? Unfortunately, not. Some people just keep hoping things will change and move on from one failed partnership to the next. The question is, do YOU want to change? If you are not ready, that's okay. Stop reading. Now. If you are curious, keep reading. If you are ready to know the secrets to find and maintain a successful partnership, keep reading. How many of these seven factors does your partnership have? To what degree? How would your partner answer? These 7 factors are the Relational Skills of Partnership Savvy:
If you answered: 6-7 Excellent! Keep
doing what your are doing! About the authors:
Christina has been involved in various aspects of the horse industry for the past 20 years, including breeding and training operations, as well as raising and training her own horses. In the past year, she has become involved in reining and has been showing in NRHA events. Mary has recently become involved with horses, and has been riding in various clinics as well as on a recreational level.
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