Jan 15

Three Tips for Dealing with a Difficult Business Partner

A business partnership is a lot like a marriage. You two are working together to create and build. There’s a lot of money involved. You’re both committed to the process. However, both people have different backgrounds, perspectives and beliefs. As a result, this can be a good thing when both of you are on the same page. However, this can also be a bad thing when both of you decide to dig your heels in. There are times when a business partnership can get ugly. However, this doesn’t mean the relationship has to end. There are ways to reconcile and get through difficult times. Consider the following three tips for dealing with a difficult business partner.

1. Step away from the scene.

If it’s a major decision that you two need to agree on, consider stepping away to really process and think things through. This might mean that you two need to take a few days off. When you’re able to step away and take a breather, you might be able to gain a perspective you didn’t initially have. Sometimes, when you’re so involved in the process, you can’t fathom another option or vantage point. Taking a break can help you regain clarity.

2. Hire a mediator.

If there are times when you two can’t communicate without arguing, it’s an excellent idea to hire a mediator. The mediator needs to be a neutral party. Bias can have a negative impact on a conversation with a mediator. Both parties need to enter the mediation process with an open mindset. It’s also important to remember that it’s about making the right decisions that’ll benefit the company in the long run.

3. Take legal action.

If you two can’t come to an agreement with a mediator, it might be time to take things to court. In this case, a judge will have the final say. Yes, the judge will be able to see and understand all of the details. However, at this point, whatever the judge says will be it. If the judge orders one person to take a decision making course, it will be a requirement. If the judge requires both parties to dissolve the company within a certain time frame, that’ll be it. Use legal action as the last resort.

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