by: Yuri Elkaim

What’s happening Healthpreneurs.  Today’s episode was inspired by a post in our group page about looking to form a partnership.  I’m sorry to say, but forming a partnership is not a good idea.

Nevermind the fact that statistically speaking, most partnerships, whether they are personal or business end up failing.

That’s not to say that partnerships can’t be successful. Partnerships that have complimentary skill sets can be successful.  The different skill sets that each person brings to the table complements each other and forms a complete unit.

When you partner up with someone who has the same skill sets, you’re going to butt heads.  For example, when you have a partnership where both people are visionaries and both are good at sales and marketing, you’re going to butt heads.

If you are going to partner with someone or bring on team members, you need to clearly define what I call “The Four R’s”:

What are the Roles, Responsibilities, Requirements and Results.

People want to know how to be successful and when you clearly define these four “R’s”, people know what to shoot for to define success.

It’s better to hire a team than a partnership.  If things are working out, it’s easier to fire a team member than it is to buy out your partner.

Here’s what I’d like you to chew on.

If you’re looking to partner with someone figure out what it is you’re trying to avoid doing.  If it’s a major part of your business, you probably should figure it out first. Once you’ve gotten a handle on it, then you can think about who you’d like to bring into your business to handle that thing.

If you this is something you need help with, I invite you to go to workwithyuri.com where you can book a call with us.  We’ll help you figure out where you’re at, where you want to go and help put together a game plan to get you there.

***********************************************************

In This Episode I discuss:

00:43 – 02:27 –  Introducing Today’s Topic

03:00 – 04:53 – Partnerships That Do Work

04:53 – 06:37 – What Happens When You Partner Up With Another Coach

06:37 – 10:20 – Have Clearly Defined Roles

10:20 – 11:30 – Hire a Team Instead of A Partner

11:30 – 14:30 – The Number One Fundamental Skill You Must Master

14:30 – 15:50 – What Marketing Really Is

15:50 – 17:33 – Wrap Up With Yuri

***********************************************************

What You Missed:

In our last episode I shared with you what’s happening in 2020,  what’s happening with us, Healthpreneur and how it may help serve you to grow your business.

One of the things happening in 2020 I am super pumped about is our live event Healthpreneur Live ™ which is happening September 25 – 27 in Scottsdale Arizona.  This event is not like other events.  It’s not a pitch fest. You’ll be surrounded by 250 amazing health and fitness professionals who are doing amazing things to build their business on line.

This event is like rocket fuel for your coaching business.

If you want to know more about what this event is like and take advantage of our 1/2 off early bird special, I invite you to go to healthpreneurgroup.com/live.

Personally for me, right now I’m traveling for 5 months from January 1 – June 1 with my wife and kids.  We’ll be going to Australia for 2 1/2 months and then off to Italy for 2 months.  Yes, I will still be running the business, but will also be able to enjoy a fun adventure with my family.

To do this, I’ve set up my business so that I can enjoy time travelling with my family without compromising anything in my business and in this episode, I share with you exactly how I’ve done that so you can do the same thing too, even with with kids!

If you ever want to improve how your business operates, you may want to think about taking some time off.  Ask yourself what would need to be in place in your business for you not to be present in it for a month?

What kind of systems would you need in place?  What kind of people would you need in place?

I promise it will make you think about your business in a way you never have before and as I said, will improve how your business operates.

What do you have planned for your business in 2020?  Where do you want to take your business?  What is your mission?

I’m excited for this year and I hope you are too and if you have any questions or comments, please feel free to reach out to me.

***********************************************************

Subscribe to the Healthpreneur™ Podcast on iTunes

If you enjoyed this episode, head on over to iTunes and subscribe to Healthpreneur™ Podcast if you haven’t done so already.

While you’re there, leave a rating and review.  It really helps us out to reach more people because that is what we’re here to do.