BUSINESS: Characteristics to Lookout For Before Disengaging with Your Business Partner

 

Not every business partnership is meant to last forever. Some partnerships start off well, but as the company evolves, it outgrow its usefulness. Here are the typical bad signs of an impending disengagement:

You Disagree On How to Spend Money

You and your partner now want to invest company resources in different things. Perhaps you want to reinvest in growing the business and he/she wants to harvest by taking much of the profit out.

You Want To Work On Different Things

You no longer agree on the strategic direction of the company and it keeps the team divided. In fact, more and more there seems to be two teams inside the company- yours and his/hers.

Communication Has Broken Down

You no longer talk to each other. It seems like the only conversations you do have are via email, text or through other intermediaries. The talk keeps moving away from the goal in your business to one that is getting too personal. Every conversation with your partner seems to end in an argument.

You Think You Work Harder Than Your Partner

In the early days, it was the two of you all the time. You continue to grind away at the business, but it seems like your partner is kicking back a bit too much and is never in the office.

 

 Respect And Trust Are Fading

The basis of any partnership is respect and trust. You may no longer respect the skills your partner brings to the company. You may no longer trust your partner to deliver the results that are needed to be successful. You may be hearing things from other employees about what your partner is saying behind your back.

Your Skills Are No Longer Complementary To Your Partner

You may have gained their skill or other employees in the company may have picked it up and excelled at it. Either way, your partner’s talents no longer seem so critical to the success of the company.