Partnering for Business Success
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Partnering for Business Success
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In this week's episode of OK at Work, hosts Sarah Sawyer and Russell Berger from Offit Kurman discuss the details and crucial considerations when forming business partnerships or joint ventures. They explore the importance of alignment in vision and goals, the necessity of structured agreements, and the potential challenges that may arise over time. Tune in to understand how to evaluate the value of a business relationship, the importance of planning for future changes, and key self-assessment questions to consider before taking on a partner.
00:00 Introduction to Business Relationships
01:16 Key Questions Before Partnering
01:37 Long-term Planning and Alignment
02:25 Rules of Engagement in Partnerships
02:47 Adapting to Change and Future Disputes
03:54 Entrepreneurial Spirit and Partnerships
04:30 Conclusion and Final Thoughts