1. Trust

If there is any doubt about you’re partner’s honesty or trustworthiness, for any reason, then it’s time to either work on that issue together or seriously consider ending the partnership. But if you trust the other person with your business, your reputation and your livelihood, then there it becomes a matter of configuring the operations to maximize the benefits and minimize the conflict between the two of you.
2. Success of the business

But if business is booming, there’s are ways that you can make it work. Here’s how:
Divide and conquer
Split responsibilities down distinct lines and respect the boundaries. Focus on different lines of business or different target audiences. Allowing each person to own a part of the business, and giving them the power to act independently
Don’t share an office and don’t force unnecessary interaction. It’s easier to be authentically polite when you don’t have to fake niceties every day.
Meet with intention
Schedule regular in-person meetings but keep them to a minimum. Agree on agendas in advance and handle as much preparation as possible via email. Let your assistants coordinate all the logistics so you don’t end up arguing about petty things, and bring your legal and tax advisors together for big discussions; the group dynamic can help focus the conversation while maintaining professionalism.
Maintain a united front
It’s critical to present yourselves as aligned to staff, to external partners and to clients. You don’t have to present yourselves as friends, but you do need to show that you respect each other and that you will make decisions, problem solve and act in the interest of your business. The best way to show that is to actually do it.
No comments:
Post a Comment