If your business partner is becoming more of a liability than someone who is contributing to the success of the company, it may be time to start asking questions and figuring out where things derailed.
Sometimes things can be salvaged and relationships can be mended, you should always try to avoid losing all that you have invested and, potentially, the company itself.
Separate personal feelings from decisions
If your business is staffed by just you and your partner, you may need to do some mental preparation that allows you to place yourself outside the company and look at it from a more critical point of view. If you don’t, you’ll be stuck in s cycle of playing the blame game between you and your partner.
It takes both halve to solve a personal conflict that is detrimental to your company’s success. To maintain this critical eye on the company, you should consider having a neutral party come in and try to referee, even if they are no nothing about the business or the industry that you’re in.
Be more proactive by planning ahead
How fast you can adapt to adversity is an important trait to have as a business owner, but how well you prepare for it can make or break a business partnership. This means being able to communicate ideas at meetings and come to agreement without wavering.
You shouldn’t plan everything down to the last staple, but you should have a good idea of how much each party is putting into the business. Without this structure, conflict later on become inevitable whenever frustration boils over; arguments become much more common when someone has grievances held inside like a ticking time bomb.
Share duties whenever possible
Even if you and your partner have clearly defined roles, it is still important to find common tasks that can be done by both. This sharing of chores or common duties is a relationship building exercise that allows regular meetings of the minds. Most businesses usually have a battle of egos, where although the business couldn’t run without anyone’s absence, each person believes that their job is more vital than the other.
Negotiate like a pro
If your business partner is being less productive because he or she is unhappy with your decision-making or the sharing of duties, try making some concessions and see if you can both reach a middle ground. If you can get your partner to scratch your back in exchange for peace of mind for them, it keeps productivity up and less instances of conflict.
For example: needing to reduce payroll in order to increase the marketing budget? Nobody likes taking a pay cut, so in order to get your partner on board without giving you any grief, you can let them be involved in the marketing decisions. This is a win-win, because you get your budget and an increased participation by your partner.
These kinds of creative solutions are what makes businesses prosper, as it is extremely common in the business world to have dysfunctional, yet effective business relationships.