Act While There is Time. Cut the stress for 2020.
Fix Your Partnership Problems
Compensation can be a very sensitive subject. People get tired of working for little or nothing and may start to tap the business. If one partner wants, or needs, money, an argument can breakout. There are ways to fix compensation issues without breaking the bank.
Small disagreements between business partners can feel like a big difference in vision. From experience, I know most partnership tension can be eliminated without a long, costly process. Having me to stand in the middle and guide the conversation is a good way to reduce the emotional component. As we talk things out and reach concrete agreements, you will see your situation get better and better. Almost all problems can be worked out in a couple days. The cost is far less than getting lawyers involved. And, if you are past wanting to work it out, we can come up with a buy-out plan that the business can handle.
Buyout Is Possible
If your partnership is beyond repair, we can work together toward a buyout. If that is already on your mind, be careful about discussing that with your partner. 2 people will agree that a business is worth a million dollars until someone wants out. Then that same business becomes worthless. Better not to discuss a buyout until you are real clear about what you want. Once the negotiation starts, it’s easy for things to get nasty.