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Published -
- August 1, 2019
- 6:39 pm
Finding the right person or business to work with should take some time and consideration.
If you “marry” the first person you meet, you won’t be able to see what other offers are available and understand your leverage fully.
This interview between Gary Vaynerchuk and photographer Jasmine Star was filmed on February 26th, 2018 in Los Angeles, California. It is featured in DailyVee 540.
Gary Vaynerchuk is a serial entrepreneur and the CEO and founder of VaynerMedia, a full-service digital agency servicing Fortune 500 clients across the company’s 5 locations. Gary is also a prolific public speaker, venture capitalist, 4-time New York Times Bestselling Author, and has been named to both Crain’s and Fortune’s 40 Under 40 lists.
Gary is the host of the #AskGaryVee Show, a business and marketing focused Q&A video show and podcast, as well as DailyVee, a docu-series highlighting what it’s like to be a CEO, investor, speaker, and public figure in today’s digital age.
What is the importance of assessing your strengths and weaknesses before seeking out a business partner?
GaryVee, one of the most renowned entrepreneurs and motivational speakers in the world, recently had an enlightening conversation with Jasmine Star, a successful wedding photographer-turned-business strategist, about finding the right business partner. The conversation offers valuable insights into what to look for in a business partner and how to establish a successful partnership for a thriving business.
Firstly, both GaryVee and Jasmine Star agreed that having a partner in business is not always necessary. They emphasize that it is crucial to recognize whether one truly needs a partner or could manage the business on their own. However, if you are considering bringing in a partner, it is essential to identify your strengths and weaknesses and determine what a partner could bring to the table in terms of skills, experience, and resources.
According to Jasmine Star, one of the biggest mistakes people make when selecting a business partner is choosing someone who is exactly like them. She suggests that diversity should be embraced, and partners should complement each other’s strengths and weaknesses while sharing the same vision and values.
GaryVee stresses the importance of taking the time to vet potential partners carefully. He suggests that business owners should check their potential partner’s social media, Google them, and even speak to their friends and family to get a good sense of their character and work ethics.
The conversation further stresses the need for open communication and honesty in any partnership. It is essential to express your expectations, goals, and work styles upfront, and negotiate the terms of the partnership. To maintain a healthy partnership, GaryVee notes that it is crucial to have continuous communication and constructive feedback while avoiding finger-pointing and blaming.
Jasmine Star emphasizes the need for conflict-resolution strategies in any business partnership. She states that businesses inevitably face challenges, and having a method of resolving conflicts and disagreements is critical to the partnership’s success and longevity.
In conclusion, GaryVee and Jasmine’s conversation highlights the significance of finding the right business partner and establishing a successful partnership for a thriving business. To find the perfect partner, it is crucial to assess your strengths and weaknesses and look for someone who complements them. Additionally, open communication, honesty, and conflict-resolution skills are essential for building and maintaining a healthy partnership. By following the tips shared in this conversation, business owners can avoid the pitfalls of bad partnerships and set themselves up for long-term success.
