Negotiate Your Best Partnership Buyout Using Game Theory
Game Theory is a very useful tool in business negotiations. In this post, I’ll give a broad overview on how Game Theory can help you negotiate your best deal with your business partner.
Do Not Stop Working if You Want to Leave the Partnership
When the business partnership breaks down, the darker sides of the personalities come through. A dominant partner turns into a bully. A person who does not do well with conflict will withdraw. As the bully gets more aggressive, the pacifist withdraws further. Eventually, the bully gets so angry they are ready to lock the other partner out. The pacifist quits coming in. The next blowout is over money. The course is as logically predictable as what will happen to your car if you hit the highway with no oil in the engine. It will get louder and louder until the engine seizes.
3 Signs That a Partnership Is Never Going to Work
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.
How to Determine the Value of Your Business
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.
Ask Your Business Partnership Questions
A few people have asked for this: Set up a place where you can submit questions about your own partnership problems. I liked the idea so much, I did it!
Can You Get Rid of Your Business Partner?
In order to remove a partner you’ll need to take legal action and then you must prove your case in court.