Business Partnership Advisor

Together, we can fix your business and partnership problems

Chris Reich, Business Luminary

Business Partnership: Where is the Love?

“I know this shouldn’t matter but my business partner never tells me I’m doing a good job. Am I being petty?”

Just Do Your Job!

Assuming there is some agreement about duties, shouldn’t partners just do their jobs? Yes, of course. But it’s still important to support each other as partners. As owners, partners in a business share responsibility and the liability as well the benefits of entrepreneuership. Telling your partner that you appreciate their contribution is part of being a good business partner.

Depressed business partner | TeachU

People get discouraged when they aren’t acknowledged.

Chris Reich provides Business Partnership Mediation in all 50 states.

Only Give Recognition if You Mean It

If your partner isn’t performing, don’t lay on the praise because they will recognize your insincerity. I know when I’ve done a great job and I know when I’ve come up short. Getting false praise when you know you’ve blown it hurts more than it helps. Your partner knows when she’s done a great job.

So if you don’t mean it, don’t do it. But what to do instead?

If your partner is, in your opinion, under-performing, ask a question rather than try to praise the problem away or worse, by trying to motivate by constructive criticism. It rarely comes across as constructive. Ask, is everything okay with you? Are feeling okay these days? Are you feeling stress from the business? These questions are open-ended and invite dialogue. 

If you are pleased with the work your partner is doing, say it! We ALL like to hear it. In the most bitter mediation sessions I conduct, the most common complaint is, “he never says anything good about what I do.”

Would your partner say that about you?

Chris Reich, Business Partnership Mediator

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“If your partner is, in your opinion, under-performing, ask a question rather than try to praise the problem away or worse, by trying to motivate by constructive criticism. It rarely comes across as constructive.”

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Part 2 of Things You Need to Know About Partnership Buyouts

Things to Know About Partnership Buyouts— Part 2

Here are more things you need to know if you are opening buyout talks with your business partner.

There Are Many Things Not Well Understood about Partnership Buyouts

Things to Know About Partnership Buyouts— Part 1

Buyouts between partners are usually mired in things that people think are legal entitlements. Let’s look at the most common misconceptions around buyouts.

Violence in a Business Partnership is a Very Serious Matter

Violence By a Business Partner Is Never OK

If your business partner ever is violent, call 911 immediately. Yes, even if he missed. You want to document threats of or actual violence.

Business Partner Buyout Surprise

Why Is This a Big Surprise in Buyout Negotiations?

Don’t be surprised if parties act in their own best interest during negotiations. That is normal. I would be surprised if they didn’t!