ILLUMINATION
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ILLUMINATION

Your business partnership is destined for failure

Pixabay image

Management styles

Communication

Transparency

Shared vision

Working habits

Financial

There are no friends in the business.

Work commitment

Skills and roles

The legal stuff

  • Responsibilities of all parties
  • Who will make decisions
  • A vision for the business
  • What happens when there is a disagreement
  • What happens when one party wishes to leave the other
  • Anything else that your lawyer suggests that may be relevant for your business
  • Mediators may need to be brought in to resolve any conflict
  • Emotions can get in the way of coming to an agreement
  • There may be trust issues that are difficult to resolve
  • Communications may breakdown and become unrepairable
  • The business may fail because you cannot agree

No certainty

My 2 cents

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Kelly Robinson

Top Writer. I am passionate about small business, mental health, and much more. I hope you enjoy what I have to share.