Business Partnership Advisor
Together, we can fix your business and partnership problems
Chris Reich, Business Luminary
Coronavirus, the Economy, and Your Business Partnership
Is Your Business Going to Be Ready When This Passes?
Don’t Let the Corona Virus or Partnership Problems Destroy Your Business
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.
I’m discounting my fees to help you during this time of uncertainty. And, I’m having live web conferences for small business owners to share their ideas. Hanging out with other people who understand the struggles is a great way to relieve the stress.
I know that this will not last forever and that we’ll all come out from our bunkers and go back to work in the near future. The businesses that are well prepared to resume trade will be very successful. Those entrepreneurs who spend this time worrying about tomorrow won’t be ready when it’s time to reopen for business.
What Can You Do Now While Your Business Is Closed Because of Corona Virus??
- If your partnership is having trouble, fix it now
- Work on your business’ SEO position
- Refine your advertising
- Update your website
- Write Blog posts (VERY important for SEO)
- Bring your books up to date
- Create a business plan for this year and next
- Talk with and support of business owners
I believe that the US and Canada will start to go back to work by mid-May. Will you be ready?
“Don’t waste this time. We are going to make it through this. When it’s time to go back to work, will your business be ready? You have an opportunity to start fresh. Take it!”
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.
I recommend that partners talk through a specific issue and then draft an agreement (called a resolution) that sets a policy. You can keep this in a binder to serve as amendments (or foundation) to your Partnership Agreement. In this post I’ll explain how to talk about things that bug you with your partner and how to draft a binding resolution to fix the problems.
Unless you are in some sort of political business, you should keep politics out of your establishment completely. Of course, you have freedom of speech, but we are in very contentious times and displays of political or religious positions might be off-putting to to your customers.