Theresa Bradley-Banta, co-creator of Big Fish Tops Dogs, is a musician, award winning graphic artist, blogger and owner of multiple businesses. You can follow her on twitter @bigfishtopdogs
Last week a friend called me. Not all professionals, apparently, have your interests at the top of their list. At least in my friend’s case, his particular realtor didn’t. Her interests were clearly at the fore or, at the very least, her competence was in question.
This is a lesson in team. How many business professionals really operate from boilerplates? And, do you know enough to deal with that? Or, does someone on your personal team?
In my friends’ case, he came to me to review a commercial contract for a land deal. We tweaked the contract. His realtor wasn’t thrilled about it (pretty typical reaction), but she grudgingly made the corrections. Items like making the contract assignable by the buyer (my friend) — details like this need your attention.
What she didn’t do is change the contract deadlines along with the new contract date. Heaven forbid the closing date gets pushed back. Now, whose interest does that serve? [Side note: spell check wants me to capitalize "realtor"... oh, really?]
Another group of ‘boilerplate miscreants’ are attorneys (sorry Hubby, sorry Mom… just trying to make a point here). If you are a deal maker, and you should be, best to know who that operating agreement favors. This means you, or a trusted advisor, better understand it. Do you know what a shot gun clause is? And, that it can favor any of the parties involved? (This might not be you.)
The lesson here… business professionals are great, and you need them on your team, but don’t compromise when it comes to who is in charge.
Recommended reading: Everything Counts: 52 Remarkable Ways to Inspire Excellence and Drive Results
By: Gary Ryan Blair
This is a book that provides the road map to business excellence. It is the kind of book that will inspire you to promote and celebrate excellence in your business, your sales, your marketing and your employee morale. If you are a business owner or self employed business person who desires to add value to your business through small details, powerful business strategies and quality customer service, you must read this book! You will begin running a great business that espouses excellence and quality results while building a legacy for yourself.
Killer deal: One half-hour free coachsulting by phone. Contact Theresa by email. Offer expires 3/1/10.
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