Daily I see overconfidence in business. I see too much faith placed in forecasts. I see big bets placed on anticipated market growth. I see investment in businesses that are near bankruptcy. I see these things because people tend toward certainty. They start with a belief and then look for all evidence supporting that belief while ignoring anything that contradicts that belief.
If you and your business partner are not getting along, get it fixed now. Remember, once the lawyers step in, the cost goes way up and few businesses survive the process.
There are many things that can go wrong in a partnership. The consequences of a failed business partnership is often more severe than a divorce. Most states are now “no fault” divorce states. That means you don’t fight out anything in court.
I have seen some incredibly stupid moves in negotiations recently. People have walked away from being within a few dollars of a huge win to face the prospect of getting nothing or potentially having to pay a huge sum. Crazy.