You formed your business on your own and as it grew you recruited a team. Your business partner has been fundamental to your success over the years, but the relationship seems to have changed.
You’re starting to question whether they still have the drive and commitment required to ensure that you can fend off your rivals. Something’s got to give. What are the signs that your business partnership isn’t functioning properly and what can you do about it?
Your partner is no longer willing to compromise
Over the years, you and your business partner have had countless debates and differing opinions. However, you’ve always been able to set personal feelings aside and make decisions based on the best interests of the company. Sometimes you were in the wrong and vice versa, but a suitable solution was always found.
Recently, your business partner is unwilling to budge when you disagree, and you know that their thought process is no longer in the best interests of the company. When business partners are at loggerheads, this can be detrimental to the bottom line of the business. If you and your business partner are no longer able to resolve disputes, it could be a sign that something needs to change.
The passion has gone
You and your business partner teamed up with a shared passion and vision for the organization. Despite your different skill sets, your ultimate vision remained constant as well as the joint work ethic.
Recently, your partner has been turning up late, taking an increasing amount of personal days and when they are present, it seems like they’re just passing the time. A business partner that is coasting along brings nothing positive to your business.
Dissolving business partnerships can be complicated but it’s often necessary. If you’re having issues with your business partnership, we can help. Call us for more information.