The Goal: Fix Your Partnership Problems Before It’s Too Late
If partners won’t talk, it becomes impossible to work things out. At that point, buyout might be the only option.
Act While There is Time. Cut the stress for 2019.
Succession Planning in Family Business
Let’s look at how to plan for the next generation of your family to run your business. It’s never too early to make a succession plan and the earlier you start, the more options you have.
How to Escape Your Business Partnership
How do I get out of my partnership? And, it’s the biggest reason I am always ranting about having a Partnership Agreement. Without a Partnership Agreement, your options are very limited. You accept anything your partner is willing to give you, or you can dissolve the business.
Don’t Risk the Money You Put Into Your Partnership
Somebody puts up money with someone who agrees to contribute labor as their contribution to an equal Partnership. Once things are set up, and a lot of money is spent, the other Partner fails to perform, and the troubles begin. I get 2-3 calls like this every week.
Your Business Partner Keeps Taking Money from the Bank Account
Partners take advantage of partners every day and they get away with it. It is the most painful call I get. It sounds like this, “I put all the money I had into starting our business. My partner had bad credit and no money, but he promised to do all the work to get the business going.
Message from Chris
“The only time a partnership issue cannot be resolved is when the tension gets so bad that neither party will talk to each other. When you reach that point, it’s pretty hard to start a meaningful dialogue. On the positive side, no matter how tense the partnership, if partners are talking things can be worked out”
I Help Fix Partnership Problems
Yes, sometimes my work is stressful. It’s also very rewarding when I hear those magic words, “yes, I can agree to that.” That’s the instant everything starts to get better. When I help work out a partnership problem, I try to take the friction away so that we can have calm and productive discussions. You would be amazed at how much can be accomplished in a short time once the emotions are out of the way and we can focus on specific ways to eliminate the tension. Many of my clients tell me that the process is therapeutic. For me, yes, there is stress because I want everything to work out, but it’s amazing to be a part of helping so many businesses succeed. I love my work.