Business Partnership Advisor

Together, we can fix your business and partnership problems

Chris Reich, Business Luminary

When Business Partners Disagree

It is perfectly normal for business partners to disgree from time to time. You want to avoid letting a disagreement turn into a dispute,

It’s Normal for Business Partners to Disagree Sometimes

It’s not only normal for business partners to disagree, it’s also healthy for the business. Having multiple points of view should lead to better decision making. Successful partnerships deal with disagreement often. The differentiator between a great partnership and a weak partnership is that great partnerships keep their disagreements from becoming disputes.

In this post I want to explain how to handle partnership disagreements intelligently without falling to conflict.

5 Steps to Resolving Partnership Disagreements

There are 5 steps you can use to resolve disagreements with your business partner. These steps require that you and your partner put emotions aside and make intelligent decisions for your business. If you’re already at the dispute stage, jump to Step 5!

Step 1: Ask Yourself if this is Worth a Disagreement

In a recent partner’s meeting with me, one partner complained about the other buying sandwiches for the monthly staff meeting (total of 5 people!). The question was posed, “Do we really need to feed them?”  Come on, people. The bill for that lunch was under $35. The meeting is once a month. If that expense is stressing your business, quit now.

Ask yourself if the subject at hand is worth an argument. If not, let it go. And by let it go, I do not mean to drop a comment like, “I think you are wasting money by feeding them but I’m not going to make an issue of it.” Good grief. By saying that, you ARE making an issue of it. Grow up.

Step 2: Learn How to Talk to Each Other (Hint: Use Questions)

This really works! Learn to introduce topics by asking questions.

Here’s an example. Let’s say your partner wants to hire someone as an office assistant but you think the business cannot afford to hire at this time. You might start the dialogue but asking, “What kinds of things do you see this person doing?” Or, “Is there an expense we can cut to pay for a new new person?”

By asking sincere questions, you open the door to honest dialogue. Just don’t be a jerk and ask a stupid and leading question like, “Why are you always wasting money? Why do I always have to be the adult?” Yes, I actually hear that kind exchange. I think you can see where that goes.

Questions, properly composed, open good business discussion. But, if you feel ‘reactive’ or if your partner is getting defensive, go to Step 3!

5 Steps When Partners Disagree

5 Steps to Take When Business Partners Disagree by Chris Reich

Image by Pixabay

Step 3: Agree to a Planned Discussion (Meeting)

If things get tense when you are posing your questions, suggest that you have a detailed talk about this subject at a planned time.

You would say, “Let’s gather our thoughts, make some notes, and talk about this later today. Could we meet at 2:00?” You want to step away if the discuss feels tense, but you want a set time to sit down and talk about it. Do not just say, “I don’t want to talk about this now and then walk away.”

Express a sincere desire to talk and set a time to do so. Easy. When you meet, ask questions. Talk. Be open. Go to Step 4.

Step 4: Agree to Always Agree

This sounds easy but it might be the most important and hardest step. You must always agree to agree. This MUST be a rule with partners. Wait! That does not mean that you always give in. You might take turns giving in. You might flip a coin. Whatever method you use, you must end the discussion with agreement.

Think of a way to reach agreement when you and your partner reach a deadlock.

Step 5: Use a Mediator to Help with Meetings

You knew I’d get to this one, right? Look, clients who have me ‘moderate’ their business meetings always tell me that so much more gets done and that all the partners work well together when I’m there. If you try this, you will find a treasure of new thinking that will benefit your business.

When there is a slight amount of tension in a partnership, the partners tend to see their own positions clearly but they lose sight of things that will benefit their business.

I can give you countless examples of ideas that came out at a meeting I moderated that saved or grew a business. You’ve read this entire post so I won’t lecture you with more examples.

Please consider the value of having an experienced business professional help with meetings. Call me to learn more about how my process works. I’ll explain everything and answer all your questions and provide you with an affordable cost. I make every effort on every case to generate more revenue than it costs to hire me to help you with your partnership.

That’s it! Follow these steps if you disagree with your business partner and you will see things get better quickly.

Have a GREAT year!

Chris Reich, Partnership Mediator

 

Did You Like This Post? Would You Please Rate It?

Click on a star to rate it!

Average rating 4.5 / 5. Vote count: 36

No votes so far! Be the first to rate this post.

4.5
(36)

5 Steps to Take When Business Partners Disagree

Step 1: Ask Yourself if this is Worth a Disagreement
Step 2: Learn How to Talk to Each Other (Hint: Use Questions)
Step 3: Agree to a Planned Discussion (Meeting)
Step 4: Agree to Always Agree
Step 5: Use a Mediator to Help with Meetings

Chris Reich, Partnership Mediator

Do you like FREE services? Contact me now for a 100% confidential and 100% FREE consultation.

Prefer a direct approach?

Email: [email protected]

Phone: (530) 467-5690

Take the proper steps to protect the money you invest to start your new business partnership.

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 partner may take money from the business whenever they wish to do so. A Partnership Agreement could protect you.

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.

Partner Kills Partner in Family Pizza Business

Terrible Tension In Family Business Partnership

In family businesses, when things break down, they really break down. The stress level is much higher than when a typical partnership has issues.

There is a right way to get out of an LLC- or to remove a member

How to Get Out of a Partnership LLC

While it seems like it should be very easy to get out of an LLC, it can be complicated. Even if the business is very small, there are considerations beyond getting your money back. In this post, I’ll try to hit the important points of getting out of an LLC Partnership. These same items apply if you want to remove a member from your LLC too.

Summary
When Business Partners Disagree
Article Name
When Business Partners Disagree
Description
It’s not only normal for business partners to disagree, it’s also healthy for the business. Having multiple points of view should lead to better decision making. Successful partnerships deal with disagreement often. The differentiator between a great partnership and a weak partnership is that great partnerships keep their disagreements from becoming disputes. 5 Steps to Take When Business Partners Disagree Step 1: Ask Yourself if this is Worth a Disagreement Step 2: Learn How to Talk to Each Other (Hint: Use Questions) Step 3: Agree to a Planned Discussion (Meeting) Step 4: Agree to Always Agree Step 5: Use a Mediator to Help with Meetings
Author
Publisher
TeachU.com
https://teachu.com/wp/wp-content/uploads/TeachU-siteicon.jpg