Business Partnership Advisor
Together, we can fix your business and partnership problems
Chris Reich, Business Luminary
4 Things To Do if There is Tension in Your Business Partnership
Here Are 4 Things to Do if There is Tension in Your Partnership
#1 Start Taking Notes
Write done the things that bug you and add tension to the partnership. Be sure to add specifics such as amounts, if involving money, names, and dates. If the problems are serious or potentially criminal, those notes could be helpful later.
When stress levels go up our thinking gets clouded. Keeping notes will help you clarify your position if a third party is called.
#2 Get a Partnership Agreement!
If you don’t have a partnership agreement, get one before the tension prevents you from talking freely with your business partner. Once the tension rises, it’s nearly impossible to talk calmly about a buyout. A good Partnership Agreement defines the terms if a partner needs out of the partnership. Read more about getting a Partnership Agreement
These 4 steps can help you get mental clarity if there is tension in your business partnership.
Here are 4 steps to lower your stress if there is tension in your partnership.
Article by Chris Reich, Business Partnership Mediator
#3 Get an Outside Perspective
Talk with a business mediator or moderator like me. I help people get past the tension that is bound to arise in every partnership. You will be surprised at how much better you’ll feel after talking about your partnership. You’re not alone.
As stress rises, we get angrier inside. If that leads to a blowout, your business could suffer. If you end up in court, the process will be very expensive. Why risk losing an expensive fight when you can work things out calmly for a fraction of the cost and get far more benefits?
#4 Talk with Your Partner About 3rd Party Moderation
If your partner will work with an independent, neutral 3rd party, you will have a very good chance of reaching a very satisfactory resolution. Rather than a mediator, I call myself a moderator. I moderate the tension and conduct calm, civil dialogues with all partners.
The process works. Ask your partner about her willingness to work with outside expertise. It’s no secret that once all parties are talking, they will probably be able to work things out if they get good guidance as part of the mediation process.
“Tension in your business partnership? Take these 4 steps immediately.”
When the business partnership breaks down, the darker sides of the personalities come through. A dominant partner turns into a bully. A person who does not do well with conflict will withdraw. As the bully gets more aggressive, the pacifist withdraws further. Eventually, the bully gets so angry they are ready to lock the other partner out. The pacifist quits coming in. The next blowout is over money. The course is as logically predictable as what will happen to your car if you hit the highway with no oil in the engine. It will get louder and louder until the engine seizes.
I recommend that partners talk through a specific issue and then draft an agreement (called a resolution) that sets a policy. You can keep this in a binder to serve as amendments (or foundation) to your Partnership Agreement. In this post I’ll explain how to talk about things that bug you with your partner and how to draft a binding resolution to fix the problems.
Unless you are in some sort of political business, you should keep politics out of your establishment completely. Of course, you have freedom of speech, but we are in very contentious times and displays of political or religious positions might be off-putting to to your customers.