Archive | Business Partnerships

A Point of View & Another View – Learning When To “Cut ‘Em Loose”: Employees/Suppliers/Clients

A Point of View

David H. Fauss, M.S.M.

On January 31, 2014

Category: Business Partnerships, Careers, Employment, Getting the Job Done, Small Business Success

I suppose it is akin to knowing when to hold them or when to fold them, but it is important in a small business to know when to cut “them” loose.  “Them” may be an employee, or it may be a supplier, or it may be a client.  Speaking with other business owners over the […]

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Another View

Melissa Pigott, Ph.D.

On January 31, 2014

Category: Business Partnerships, Careers, Employment, Getting the Job Done, Small Business Success

Most of our parting of the ways with employees, vendors, and clients have been brought about by choices made by these individuals, including choices that have been unrelated to their work with my company.  The most painful parting of company in my career was with a long time vendor, with us since the founding of […]

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A Point of View & Another View – Mom & Pop

A Point of View

David H. Fauss, M.S.M.

On December 23, 2013

Category: Business Partnerships, Careers, Employment, Partnerships, Work-Life

I never considered that we were starting a Mom & Pop business when we started our trial consulting business, Magnus, in 1993. In fact, originally there were to be 3 partners, but the 3rd dropped out early – he wasn’t cut out to be an entrepreneur. Family run business structures are probably one of the […]

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Another View

Melissa Pigott, Ph.D.

On December 23, 2013

Category: Business Partnerships, Careers, Employment, Partnerships, Work-Life

I, too, never considered owning and operating a “Mom and Pop” business, but after 20 years as a small business owner, I guess I will have to accept my career choice. Before co-owning a Mom and Pop business, I was employed by various others for 20 years; some of these businesses were large corporations, others […]

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A Point of View & Another View – Differing conceptualizations of time (and its passage)

A Point of View

Melissa Pigott, Ph.D.

On December 11, 2013

Category: Business Partnerships, Getting the Job Done

Time, and the passage of time, are relative concepts. For some people, being on time is an important part of their identity. I am one of these people; I am punctual (often arriving a little early for appointments), I know what time it is, I know how long it takes to perform every task I […]

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Another View

David H. Fauss, M.S.M.

On December 11, 2013

Category: Business Partnerships, Getting the Job Done

I don’t like feeling like the white rabbit from Alice in Wonderland who exclaimed, “I’m late, I’m late for a very important date.” And, I usually don’t. My interpretation of time is more customized to the situation. When meeting clients or others, I am almost always punctual. My problem is that the amount of work […]

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A Point of View & Another View – SINK, not DINK

A Point of View

David H. Fauss, M.S.M.

On December 9, 2013

Category: Business Partnerships, Careers, Employment

At the height of the yuppie culture in the 1980s, according to Wikipedia, the term DINK was coined.  DINK is an acronym for dual income no kids. It occurred to me recently that a related acronym for those of us who co-own small businesses with a spouse, but do not have kids, is SINK. No […]

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Another View

Melissa Pigott, Ph.D.

On December 9, 2013

Category: Business Partnerships, Careers, Employment

My spouse/business partner has been self-employed since the day I met him, many years ago. I, on the other hand, was a person who had been working, since the age of 15, for a long list of bosses, in a variety of workplaces. It has only been in the past 20 years that both my […]

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Title: Capitalize on individual strengths

A Point of View

Melissa Pigott, Ph.D.

On October 9, 2013

Category: Business Partnerships

All of us have strengths and weaknesses; this is a fact of life regardless of whether we work with our spouse.  It is crucial, in any long term relationship, to identify each spouse’s/business partner’s strengths and weaknesses early in the relationship, then capitalize on the strengths and minimize the weaknesses in ways that ultimately define […]

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Another View

David H. Fauss, M.S.M.

On October 9, 2013

Category: Business Partnerships

Some of the separation of duties are obvious and easy to identify early on in a work situation or at a personal level. And, this point is true when working with friends, spouse, or even lesser known acquaintances in any partnership arrangement. Seeking to determine who should have the primary responsibility for various tasks required […]

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