At the heart of most business partnership problems are 2 little bugs that infect the relationship. Those bugs are communication problems and lack of respect. These feed each other. As communication breaks down, so does respect. The cycle accelerates the deterioration of the relationship.
When business partners send conflicting signals to employees, it’s a sign that the partnership is breaking down. Follow these 3 steps.
I get a lot of calls about the subject of dividing the percentages of ownership when the contributions are not perceived as being equal. Squabbles over equity also bleed into other issues such as control of the business and, in some cases, whether the partner who put in cash has a “right” to dismiss the partner who contributed work.
I deal with family business problems all the time. Frankly, they are by far the hardest to resolve.
You asked for it so I’m offering binding mediation under specific terms. Before we get to those terms, let me explain binding mediation.