On a weekly basis, I like to review what has been done and what needs to be worked on next professionally as a financial educator and personally in other aspects.

In the past week, I was catching up and collaborating with two friends Miriam and Andrew for different projects. I’m excited to see upcoming start-up posts by Miriam Dong and also excited to see Andrew Ming’s vision for his latest project come to fruition.

These two latest events reminded me of the latest post on collaboration and partnership by leadership thought leader, Brad Lomenick.

Original Post by Brad Lomenick

Collaboration is crucial in today’s culture. Great organizations seem to always have a strong ability to partner well. Partnerships are not always easy though. Teaming up with one another can result in true synergy. Or many times can result in ultimate failure.

Here are a few thoughts on why creating Great Partnerships is a must for you and your organization:

1. Partnerships allows you to share risk and reward. Creating less downside, and potentially way more upside always make sense.

2. Partnerships create innovation, breakthrough and discovery. Working with others allows for input from outside your “normal” circle of staff or key team members.

3. Ministries and Churches have to work harder to create partnerships. Partnerships are very common in the business world, but for some reason in the not-for-profit world it’s difficult to work together. Ministries and churches don’t partner well, but when they do, it can be revolutionary.

4. Kingdom building. If we truly wish to reach our mission with the greatest velocity possible, we have to work with others. Achieving our vision and mission is much more possible when working together.

5. Good partnerships start with a deep knowledge of the other. Know your partners well before entering into one.

6. Transparency is crucial. Authenticity and honesty make for long term impact.

7. Strength/Strength. Build partnerships on each other’s strengths, not necessarily on trying to improve a weakness.

8. Good fences make for good partnerships. Many times we don’t take time to spell out all the details of a partnership in full disclosure. It is crucial to put everything on paper, in an agreement, and make sure all the details are spelled out.

Point number 7, Strength/Strength, has been the underlying theme of my past week. I was sad when I saw how much my clients and students dwell on their weaknesses.

It’s normal to get discouraged when confronted with our own weaknesses. Through encouragement,  I asked them to see their weaknesses from another perspective. If it’s a weakness that needs to become a strength, then I suggest to why not go work on getting better at it. Or, by choice, we can always choose to accept the weakness, and focus on continuously developing our strengths. With collaborative teams and partnerships, why not keep on developing our strengths together?