5 Ways To Destroy A Business Partnership – Don’t Start That New Business Until You Read This

Let any of these 5 situations enter your business and it will devastate your business career:

1st – Stop needing each other:

There is a considerable possibility that the association’s power and responsibility structure will start to change and look very different from 3 to 12 months after inception.

At the beginning of any new company, a dynamic and compelling startup phenomenon, composed of fear, anxiety, stress and emotion, emerges and becomes an impressive disintegrator of the personal barrier. No facades or charades are the hallmark of a new company. The partners forget their own needs and behave in the best way. Everyone is madly in love.

“Needing each other” it is a compelling source of energy in successful business partnerships. In most partnerships, what you “need” is the bond that holds it all together. As time goes by, especially later After 12 months of being in the business, everything and everyone begins to change, evolve and a displacement arises that will be disturbing and transformative for the business and all the actors.

See n. 4 for more information on “not needing each other”

Solution: Please accept the fact that the above information is valid. Discuss it openly with your business partners. Be attentive and sensitive to your business partners and what they say and do and how they say and do it. you do not have to be “a delicate and delicate person”. Think selfishly. Think about protecting your future. Think about protecting the future of your company. Communicating, in an open and civilized way, is the only preventive measure that will increase the chances of obtaining a favorable result.

2nd- Let your partner point out all the expensive gifts that your partner receives from your partner and they are not:

Other important people and other family members can be a source of great pain and distress when it comes to the relationship you have with your business partner.

Greed, jealousy, excessive criticism, general resentment, lack of tact and superficiality are some of the flies that swim in the ointment of corporate society. Money and power sometimes bring out the worst in “loved ones” and family.

Solution: There are two parts to the solution:

to-He is the smart business person who pays extreme attention to the health and tone of his business partnership. It should be the number one concern, above and beyond anyone else in your life. I know I will get a lot of boos and whistles, but if you take care of your business and the trade association, it will always take care of you and the people you love and who love you. Everyone will be happy and satisfied.

B- Going or inviting a counselor or therapist to meet privately once a month, individually and in conjunction, with business partners will always be money well spent. I have seen the rubble that family members have created in some very successful businesses.

You will have strife and discord in the association. You can count on that. Prepare now and have preventive and support resources ready and / or in play right from the start. It will be a shame if one day you are standing outside your office with a padlock wondering what happened.

3rd – Having sexual relations with a family member of your business partner:

I already “feel” the smiles. Talk about destruction. This is an insidious act of extreme treason. Not only will it leave your business shattered, it will destroy precious family and personal relationships. People will be crushed and devastated throughout their lives.

The reputation of all partners will suffer. You will be surprised and horrified at the same time to find out how many providers, banks and customers will turn their backs on you. They know that with a dirty and tainted situation like this, destruction and failure may be near. Nobody wants to be a part of this, especially if it hurts them financially. Something that many people take for granted is that it takes years to build a trusted and respected reputation. It takes 24 hours or less to blow it up.

Are you going to make your bed and lie in it, or not?

Solution: If you are over 18, guess what? Under 18? Talk to someone over the age of 18.

4th – Talk to yourself about how you deserve more money than your business partner:

“I’m working a lot harder than her.” “He was supposed to be the selling point of our business, but …” “Our biggest customer can’t stand her.” “He can’t take the pressure.” “I never realized how much he talks.” Do I need to continue? You can recognize one of these.

At the beginning of a new company there are “reality” and there it is “Wishful thinking and well intentioned”. The responsibilities and strengths you bring to the new company are not necessarily the responsibilities and strengths that will be at stake when things start and progress.

Being aware of each partner’s powerful strengths and ‘vulnerabilities’ will allow weekly partner meetings to be productive and allow everyone to be open, honest and transparent. Staying flexible and being willing to adapt not only leads to a sustainable business, but what is more exciting is that it leads to personal growth for all partners.

Solution: There are 3 parts to the solution.

to-Organize, enforce and reinforce close and personal communication meetings, respectful and empathetic, at least weekly. These meetings are limited to members only and are held behind closed doors and locked. Bring food. Don’t go to a public place to speak.

B- There are always 3 realities: yours, theirs and business reality. Work only with the reality of the business and adjust your life to the needs of the business. I repeat, make your business the priority above all others and the “others” will have a phenomenal life.

vs- Accept as a given, you may have to change your place and responsibilities in the business as time goes on. Welcome him with open arms. If you have a problem with this, I respectfully tell you, find a therapist as soon as possible. Your reluctance is related to the ego, the image of yourself and the confidence in yourself. It is worth having someone to help you control your emotions and consequently save your business career.

5th -Start the new company on a 50/50 owned platform:

If you are forced to start an equitable value association, then having or learning patience, empathy, and anger management becomes even more crucial and essential than ever. A 50/50 is fine until the “cracks” start to appear. If you don’t follow the tips in step 4, it could be the beginning of the end for everyone.

Some interesting points:

to-In the breakdown of a partnership, your net worth is never, I repeat, never what you think it is. It is always much less.

B-Banks, customers, suppliers, and even employees will scatter when they receive a whiff of bad news on the horizon. Your net worth could completely dissipate in the time it takes you to say “Wait, I changed my mind.”

vs-Keep the partnership agreement as simple as possible (two pages is good) or you will find that the attorneys will earn more than you.

D-You could have a 51/49% equity stake with a 50/50% profit split. It is worth giving more in the profit division to get 51% ownership of the company. In any case, no matter what you decide, it is always advisable that salaries, expenses and benefits are the same.

Solution: See the solution in step # 4

“Now go with your eyes wide open” … Good luck out there.

A personal note:

They will accuse me of being negative and myopic. My Answer: That sucks. This is the reality. This is life. It’s raw pure, close and certainly personal.

Don’t you like the article? I understand. Truth and reality have a way of making people uncomfortable.

Just do me a favor. Print it out and put it in a drawer, in a sealed envelope. Open it 12 months from the day you started your business. If you were right, you unfortunately learned a valuable lesson and if your verdict is that you were wrong, take a closer look and look for cracks in the partnership relationship. It may be in the “subtle stage”.

Partnerships are great when they are strong and built on mutual respect. Unfortunately, this is not a perfect world. This article is about the possibilities that you should know about and that you should be in tune with. Consider this article a “fire drill” practice. Adapt now, because when the flames start to roar, it’s too late.

This article is about dressing your business relationship with empathy. It’s about knowing that you are not only responsible for your well-being and performance, but that you are also responsible for the health of your business partners. I am not advocating that you become a super parent. I am advocating for you, and this article is about your protection and your financial and mental well-being.

One more time. Good luck out there and never, ever give up on your dreams.