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