Business Partnership Advisor

Together, we can fix your business and partnership problems

Chris Reich, Business Luminary

Your Business Partnership Can Survive if You Know the “Why”

“If you know the why, you can live any how.”

Friedrich Nietzsche

What Nietzsche Meant by This

I came across this quote recently in a book by Victor Frankl (Man’s Search for Meaning). It struck me immediately as the core question to every partnership mediation. Nietzsche is saying that if you know why you want something, you can figure how to make it happen.

Do you remember why you went into business with your partner? Do you still have any of those feelings? If things were better between you and your partner, would you want to continue working together?

Think about those questions. If you can express why you would like to stay in business with your partner, I can help you figure out how to make it work. It’s that simple. This is why I often can tell in advance if a situation can be resolved or if it’s better for the partnership to dissolve.

This thought process has many great applications. For example, if your business is struggling and you wonder if it’s time to quit, look for the ‘why’ and write it out. Why keep going? Why quit now? You’ll be surprised at how helpful getting clear about why to continue or stop is to finding answers to how you can make that happen.

It works in other ways as well and could help you break a destructive habit. Do you spend unwisely? Ask yourself why you want to spend on something extravagant. If that answer isn’t very satisfying, you’ll know. You’ll know when you are fooling yourself. When that happens, you’ll see that the ‘how’ to afford the expense will fall short when the ‘why’ is weak.

Chris Reich of TeachU Wants Your Business to Survive

“I want your business to survive. If you can express “why” you want to fix your partnership, I’ll show you how.”

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

Click on a star to rate it!

Average rating 4.8 / 5. Vote count: 29

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

4.8
(29)

“If you can express why you would like to stay in business with your partner, I can help you figure out how to make it work. It’s that simple.​”

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

These are the fiduciary duties of business partners

The Fiduciary Duties of Partners in a Business Partnership

Partners in a business partnership, other than limited partners, have legal obligations to the partnership that are called the Fiduciary Partnership Duties. In this post, we’ll look at these duties and, hopefully, clarify what they mean.

It is legal to backdate a business deal

You Can Backdate Agreements in Business Legally

Many people are trying to work out new arrangements with their business partner but find themselves in bad place on the calendar. Despite both parties agreeing to a change, it could take months to worth out the terms. Don’t worry.

Agree and Document Exactly How Partners Will Be Paid

Discuss, Agree, and Document How Partners Will Be Paid

This might surprise you. Compensation does not have to be equal in a 50-50 partnership. You can, in fact, do anything you want as long as it’s agreeable with your partner or partners. Read on!

Mediation Tip from Chris Reich-Do Not Fight Over Cents

In Mediation Use Sense and Don’t Fight Over Cents

When business partnerships go bad, very often someone wants out. That starts one of two possible processes. The business enters Wind Down and begins the process of closing or the partners start discussing a Buyout.