Business Tips by Chris ReichTips from growing a business to dealing with disputes
Locking a partner out is a risky move. The locked-out partner has rights that if violated could entitle him to reinstatement and damages.
There are many things to cover in a solid Partnership Agreement. In this video, I’ll explain the items that need to be covered. You may have other items to include as well. Keep in mind that there are many ways to address each clause. My job is to offer you options and to help partners agree on how they want to address every line item.
Your Partnership Agreement protects your interests. Ideally you would go to a qualified business attorney and have the proper legal document drafted. But if you are putting it off because of the expense, you can get the key items on paper to protect you and your business.
There are times when you legally can and should lock your partner out of the business. But, those are rare circumstances. Locking your partner out, even if your partner is showing bad behavior, open you to potential liability.
I pay close attention to what is expressed during my private interviews before we start a mediation process. There are 3 signs a partnership will fail.
Anyone who starts a business has many hats to wear. Sales, manager, accountant? You will wear them all in a day. Be careful when you talk!
What happens with the business when people break up? Here’s the information you need to make big decisions and protect yourself.
Is the news, confinement, money problems, fear of the unknown making you depressed? Do this!
If you can express why you would like to stay in business with your partner, I can help you figure out how to make it work. It’s that simple.
Before we found ourselves in this terrible mess, many businesses had partnership issues. If your partnership has problems, now is the time to deal with those things that cause tension.
5 Steps to take when business partners disagree. These steps work and could save your business. Step 1: Ask Yourself if this is Worth a Disagreement?
We’ll talk (briefly!) about why you need a Partnership Agreement and then we will cover the most important pieces that should be in every Partnership Agreement.
Use these 8 tips to talk with your business partner. Most partnership issues are rooted in communication problems. Most problems can be solved if partners…
We must always balance being too negative or too positive and make certain we are being realistic. Furthermore, we need to be careful that we convey that reality to others.
I am a business partnership mediator. Every day partners come to me to help settle disputes or to reduce tension. I always recommend a Partnership Agreement.
There is much to consider when setting the value of a business. Talk with a 100 experts and you’ll get 100 different valuations. These methods should help.
Before the tension is extreme, I serve as moderator rather than mediator. By having meetings with a neutral third party, your issues can be resolved.
Business Partnership Advisor Together, we can fix your business and partnership problems Chris Reich, Business Luminary Email of the Week: Chris, my business partner and I seem to disagree about everything. We've been in business for 3 years and...