Capital is plentiful, great business partners, not so much: with Clint Park
Capital is plentiful, great partners or co-owners, not so much. In this conversation, Clint Park is back to offer biblical perspective on how to add, when to add and who to add into your business as an ownership partner. What are the big mistakes to avoid and what principles can guide our thinking?
We parse the potentials and pitfalls of co-owners and whether your business is ready to have additional owners. Clint offers six ways to evaluate potential partners or co-owners, along with a wealth of wisdom drawn from God’s Word. If you have business partners or are considering that ownership path, you don’t want to miss this conversation.
Conversation highlights:
–What are the table stakes for Christians who are thinking about bringing in a new partner (owner) into their business or who are considering starting a new business with partners?
–If you want something to be done for God’s glory you need to apply his principles.
–A biblically and practically wise approach to forging partnerships.
–The truth embedded in Psalm 24:1 and Job 41:11 (classic stewardship passages) inform how we view potential business partners/co-owners. Will the average non-Christian embrace these truths?
–The role of values alignment in selecting our partners can’t be overstated. Bonus pre-marriage advice too!
–Why does traditional private equity have such a black eye? …perhaps because of a lack of values alignment. Capital is not the best starting point for partnerships!
–Capital has influence. Are you inviting conflict in your partnerships with other owners?
–Evaluating partners: 1. Values alignment 2. Define the ideal steward 3. Completing your team & complementing your weaknesses
–We discuss how to evaluate character to ensure your future partner has the depth of character to be an effective partner.
–What is forward stewardship? Why does it matter for the future of your business?
–What are the red flags of a partnership that is not going to work?
–Clint addresses a really tough issue: disentangling a partnership that is not working.
–Faith integration will be stymied when your co-owners are not values and faith aligned.
–Be ready to take the low place. Luke 14:10-11
–Belief drives values. Values drive actions.
Continue the conversation:
Connect with Clint: https://www.linkedin.com/in/clintpark/
Connect with Aaron: https://www.linkedin.com/in/aaron-groen/