Partner deals can move very, very quickly. As I’ve been doing more and more partner deals in my business, I’ve found the pace has increased. I’m a big fan of partnerships. Those of you that have been following my blogs know that I talk consistently about the economic value that can be unlocked when you bring multiple different skill sets together. I’ve been doing this more and more in my business as my business has grown and expanded. The increased number of these partnership transactions – co-authored books, events hosted together, other various transactions, keeps increasing. Not only is the quantity of these transactions increasing, the pace is increasing because I have a working model. I’ve done it before. We know what to look out for. We have something to copy and paste. It allows economic value to be created on economic value to be created on economic value.
For instance, the books that I co-author bring together multiple different skill sets to create something of value for the user of the book. Great information combined in a way that would not be possible with any one person. The events that I host bring together multiple people with different skills and different backgrounds in a way that is more valuable. As I do more of these deals, they happen faster because the infrastructure is there, the experience is there, and the connections happen quicker.
What’s been your experience? Have you done partner deals? Have you seen the pace increase? Have you been unlocking this tremendous economic value? Join us in the comments below and let us know about your thoughts and experience.
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This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Alberto Vaghi.
About the Author
R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.