The power of Neuro Somatic Intelligence in business ⚡️
One of the major topics highlighted in my work of consulting and fractional leadership is the importance of work-life balance and how much is changing to accommodate human design to drive results in business.
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A partnership can be really, really powerful.
But it's REALLY hard.
I haven't always gone into partnerships with eyes wide open.
Now I use this due diligence before we do a deal with an operator/owner:
✔️ Background check
✔️ If they’ve ever raised capital, talk to their previous investors
✔️ Review their business's reviews & BBB files
✔️ Attorneys review all contracts prior to doing the deal
✔️ Call and email 10 references
Some other things to remember:
→ Partnerships are easy to get into and hard to get out of. Do you want to work side-by-side with this person in the same office for 10yrs? If not, don’t do the deal.
→ How does this person talk about & treat people they leave or disagree with? Start with the end in mind. Have a conversation about expectations for both sides, then document them. If it’s not signed, it never happened.
→ People change, expect it. Expect people to turn into the worst versions of themselves when money's involved. For many, money creates monsters.
→ Incentives drive actions. If they earn their money regardless of their performance, expect them to do less.
→ Most people won’t want it as bad as you. They won’t be willing to put in what it takes. Set the agreement accordingly.
Fractional Leadership as an asset 🌟
As a startup founder, you're likely doing a lot yourself. It can be overwhelming. That's where fractional leadership comes in.
4. Firing is more important than hiring. If someone is underperforming and you don't take action, the top-performing staff will follow in pursuit of under performing or simply leave.
Ask yourself regularly "Knowing what I know today, would I hire this person?".