Business Tips by Chris Reich
Tips from growing a business to dealing with disputes
Plan for Success
The best way to ensure that you have a great year is to plan for it. After that, believe that you CAN do it. If there are problems, prioritize and fix them.
Merry Christmas? No! My Business Partner…
Wouldn’t you rather celebrate than fight through the season? Make a plan to fix your partnership dispute before the new year starts.
Can It Be Too Late To Talk?
When a serious dispute hits a partnership, tensions rise. This makes it hard to sit down and have a face-to-face conversation. Putting that conversation off isn’t going to make things better. In fact, you may reach a point when talking is no longer an option.
Business Dispute? What if They Won’t Communicate?
If a business dispute arises and the other party refuses to communicate with you, what can you do? You must keep trying to open communication. Further, you must prepare to defend your position.
Dispute Strategy? No!
A strategy is often the biggest barrier to dispute resolution. When both parties start taking up positions for battle, battle follows. Before making a battle plan, make a peace plan.
Why No Contract? Stupid! Or Stupid, Why No Contract?
I am often called upon to facilitate the resolution of business disputes. This is work I am good at and together we can generally reach some sort of agreement between parties.
The Biggest Mistake Made in Planning a New Business
Why start a business if it’s doomed to failure? You can avoid a big mistake and improve your chances of success.
Partnership Rights
Even without good partnership or corporate documents, you still have rights. I strongly encourage you, even if your frustration level has reached the breaking point, to get help with your dispute before things get into criminal territory.
What Is the Final Straw?
I get calls every day from people seeking advice for dealing with a partnership dispute. Sometimes, honestly speaking, it can be a little tough to find my footing because the situation is so bad. When you think of a partnership dispute, you probably picture a couple people arguing over money. Maybe you think of a situation where somebody isn’t pulling their weight in the business. That would be a pleasure for me to resolve!
Trump: You’re Fired
I believe that our government is in critical condition and that corruption is spreading like cancer. Worse yet, the American people have accepted the spread of corruption. Not me!
There Is an Art to Making a Deal But Trump Has No Clue
This post is about negotiation skill and technique. So far, Trump hasn’t demonstrated any talent for negotiation. Furthermore, his style may be more dangerous than productive.
Get More Done
Productivity. Yuck. Frankly, I dislike the word. Why? It’s one of those words that we throw around but don’t understand. What the heck is productivity?
You Can Negotiate Better Than Trump!
There are strategic moves in negotiating your best deal. Those moves include promises and, possibly, threats. Promises and threats aren’t the best bargaining chips so we don’t start with them.
Dangerous Business Thinking
This is old, old thinking that goes back to the turn of the last century. That was a time when doctors believed that handwashing was a waste of time.
Pineville, West Virginia
I am proud to have spent time working in Pineville (say “pinevul”), West Virginia.
Change Is Necessary
If you want improvement at your business, you must be willing to make changes.
Failure Is an Option
I often am called to work at companies teetering on the brink of failure. There are times when I tell the owners that they haven’t failed. They gave it a great go but they didn’t catch any breaks. An unforeseen market shift, a series of mechanical breakdowns or the financial collapse of a big customer can bring a fragile business down fast.
Partners And Taxes
As people wear down, they see inequalities with their partner. I often hear things like, “I work more hours than she does” and “I bring all the new ideas to the business”. These are huge danger signs.