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I will contact you soon about your Business PartnershipI invite you to read some of my business tips.
5 Tips for Successful Buyout Negotiations
My business partner and I can no longer work together. We’ve tried to talk about a buyout—I want to buy him out—but it always leads to an argument. Do you have any suggestions for conducting buyout talks that don’t turn into an argument? Read these tips to conduct Buyout negotiations without tension.
Make a Succession Plan for the Family Business
Family Business Succession Planning: Make a definite plan. How will they support the parents and when can they take charge. That’s what they want.
10 Tips to Conduct a Successful Partnership Buyout
Business Partnership Advisor Together, we can fix your business and partnership problems Chris Reich, Business Mediator Chris, My business partner and I can no longer work together. I want to buy him out, but I'm afraid the process of negotiating...
6 Steps to Deal With a High Conflict (Bully) Business Partner
The High Conflict Business Partner AKA the Bully is the most difficult type of person to deal with. Here are 6 Tips to help you deal with the Bully Partner.
5 Red Flags That Say Your Business Partnership is in Trouble
Business partnerships can be a fantastic way to pool resources and knowledge in order to create a successful enterprise. However, even the most well-intentioned partnerships can break down if certain warning signs are ignored. In this post, I will point out the 5 red flags that should never be ignored when you see them in your business partnership and provide you with guidance on how to deal with them.
Plan for the Day a Partner Wants to Leave the Business
If you have read my other posts, you know I strongly encourage people who form Partnerships to create a Partnership Agreement. The document must specify how a Partner can leave the Partnership voluntarily while ensuring that the business is protected from two potential disasters: firstly, by avoiding terms that could bankrupt the business, and secondly, by preventing the admission of unplanned Partners.
Please Read
If you have a problem with a business partner. Let me offer two pieces of advice:
- Don’t wait to act. A problem with a business partner will only get worse. That means more expense to resolve, more stress than now, and less chance the business will survive.
- DO NOT make any comments to your partner like “I just want out” or “I don’t care what I get; I just want out”. Statements like that weaken your negotiating ability. You may find that the other partner may see this as a green light to take even further advantage of you. Never, ever make those statements. Once we sit down with all parties to settle your situation, we can propose that you exit free of all further responsibility and liability. But we never want to make those statements until it’s time for serious negotiations. You have rights. Don’t throw them away.
Chris Reich (Pronounced Rich)
Business Moderator
All work is fully confidential from the first moment of contact. Every new client relationship begins with consultations with all parties. It's important to me that we all feel good about working together before we start. This site does not provide specific legal advice.
Contact Chris
1+ (530) 467-5690
9:00 a.m. - 5:00 p.m.
Pacific Time Zone
Yes, I work nights and weekends by arrangement. Call any time. I will always get right back to you.
Clients who have worked with lawyers, counselors, consultants, and coaches often tell me that my business mediation service is the best and least expensive way to fix a partnership.
— Chris Reich, Business Mediator