Talking to Crazy: Dealing With an Irrational Business Partner
There are cases where one partner will not accept anything offered in order to make peace. That is irrational behavior.
There are cases where one partner will not accept anything offered in order to make peace. That is irrational behavior.
Entropy may be the most important word you’ll ever learn in business. Entropy matters. Right now, it’s eating your business.
The 2 big issues related to getting out of a business partnership are getting agreement on the price you desire and protecting you from liability. If there are no executed agreements in place, be very careful with how you proceed in your negotiations. It’s a good idea to get an adviser on board.
This is what happens when dialogue is one sided. There’s more than just a parody of Copenhagen here. Similar conversations take place at businesses every day.
A family business partnership has unique issues that sometimes cannot be fixed. Even the most hostile business partners will listen to reason.