Is Your Business Partnership Risking Divorce?
I’m Richard Chandler, MA, LPC, The Business Partners Counselor. I counsel business owners experiencing communication breakdowns using the skills of marriage counseling and executive coaching.
Through the communication tools learned and by recommitting to a shared vision for your company, you can stabilize, restore, and revitalize your business partner relationship so your company can thrive.
Bad Business Relationships in the Executive Team can be like Marriage Breakdowns
What are the best options for you as an owner of a company experiencing strife with your business partner or partners?
Financial Friction Between Owners:
- In contrast to household finances, business financial health is at stake.
- Owners often have differing viewpoints on how to allocate money.
- Past money troubles, and future spending are concerns.
- Partners-owners might disagree on what is the best use of cash-flow going forward.
Business Partners or Leadership Team's Troubles Communicating:
- Communication no longer feels respectful, open, or even safe between owners.
- Over time, criticism, bickering, defensive responses, or even unprofessional emotional outbursts may have occurred.
- Communication breakdown may have evolved into communicating through coworkers.
- When owners do talk with each other directly, they may be using short, terse communications and try to avoid talking with each other.
Forced to Get Out of the Business:
- If things have gone downhill to this extent, it is not uncommon for the business partners to be seriously considering how they can buy out the other partner or partners, sell their portion, or walk away from the business.
Negative Personal Impact of Business Partner Breakdown:
- Owner partners may also be struggling with how the business partnership impacts their marriages or romantic connections, due to stress and uncertainty.
- Spouses often tire of hearing complaints about strife with business partners and begin to push for their husbands or wives to get out of the business.
Business Partnership Rescue
Outcomes of Business Partnership Rescue
- A stabilized business partner relationship
- Trust each other to resolve differing perspectives and conflict
- Understand and adjust for each other's blind spots
- Past difficulties are behind you, and you are future-focused
- You and your partner use optimal communication tools
- A revitalized relationship and business - stronger than ever!
Two-Partner Rescue
- 9 - 14 Week Engagement
- 10 Sessions
- 4 Assessments Each
- Email Support
- Between-Session Resources
Three-Partner Rescue
- 9 - 14 Week Engagement
- 11 Sessions
- 4 Assessments Each
- Email Support
- Between-Session Resources
Custom Partner Rescue
- Flexible Timeframes
- Retainer Pricing Available
- Hand Picked Assessments
- Email Support
- Between-Session Resources
With this business partnership package, you and your partner can learn communication skills that are clear and supportive, so you can walk in your door and enjoy your business.
7 Common Issues Dividing Business Partners
- Feeling under-appreciated by your partner
- Feeling misunderstood by your partner
- One partner using partnership resources to get additional work outside of the business
- Recurring arguments about the same issues
- Feeling insecure about your professional relationship jeopardizing the future of the business
- Difficulty relating to your partner’s problems or their difficulty relating to yours
- You or your partner are going through significant life stressors in your personal lives using up time and energy
Business Partners Counseling and Coaching to Communicate Professionally & Skillfully
Counseling and coaching for business partners can be an effective way to get the partnership back on track. If you do decide to end your business partnership, it may be be done more pragmatically, save you a great deal in attorney's fees through business partners coaching and counseling.
Learn the Seven Pillars of Business Partners' Success:
- Business Partners' Communication
- Partnership Decision-making
- Long-term Planning for the Business
- Goals and Objectives for Partners and Teams
- Managing Conflict
- The Business Partners Relationship
- Roles and Responsibilities
Learn communication skills for more engaged conversations to help repair the current state of your relationships. Once you make repairs, you and your associates can have productive conversations even when your perspective is different. Communicating frustration to a business partner without an argument article is here at this link.
3 Actions for Business Partners To End Criticizing, Fighting, or Avoiding
- Stop accepting the status quo and commit to proactively investing in resolving your differences
- Have your business partners read this article
- Take advantage of Business Partnership Counseling
Business Relationships Counseling Rescue Roadmap
“I revitalize resentful business partnerships so partners can love their business again”
I will work with you and your partner(s) over the next two to three months to restore your business relationship from hopeless and stalled out to revitalized, optimistic, and future-focused!
Watch this business partnership video to learn more!
Business Partnership | Leadership Team Package
With business partnership counseling and coaching, you and your partner can learn communication skills that are clear and supportive, so you can walk in your door and enjoy your business again!
“I help business partners and leadership team members - whose communication has hit a dead end - to restore their business relationship, going from hopeless and stalled out to revitalized, optimistic, and future-focused!”
Business Partners Rescue: Roadmap to Relationship Transformation
Business Partners Counseling Rescue: Roadmap to Relationship Transformation
Phase 1: Stabilize
We begin by stopping the relationship bleeding. We get clear on your business’s current reality. Together, we map out your unique path to partnership and business success. We apply insights from multiple assessments to reveal deeper motivations for rebuilding trust.
No Sudden Exits
- Partners commit to relationship rebuilding
- Reverse discouragement with fair rules of engagement
Mutual Purpose Trust-Building
- Committing to your shared vision
- Gaining confidence in your partner’s good intentions
Assessments for Clarity
- Understanding your partner’s psychology
- Revealing your own and each other’s uniqueness
Phase 2: Revitalize
Learn optimal communication tools that turn arguing into agreeing and distancing into productive engagement. Talk through issues that couldn’t be talked about without things falling apart. Progress from facilitated crucial conversations to unmonitored ones successfully.
Partnership Communication Method
- 3 communication rules for buy-in
- Stop arguing and successfully engage
Discuss the Un-discussable
- How to really listen
- Learn to respond, not react
Communication Field Practice
- Tools to have difficult discussions on your own
- Debrief those conversations for course correction
Phase 3: Thrive
We’ve stabilized and revitalized your business partnership; now it’s time to thrive! Build momentum with advanced consensus-building communication. Lock in your progress, course-correct in the face of new challenges, and happily travel into your partnership future!
The Friction to Consensus Formula
- Learning to account for differing perception filters
- Searching for mutual ways forward vs. negotiating
Optimizing Strength-Based Roles
- Identifying each partner’s “right work”
- Supercharging cooperation and rewarding collaboration
Partner’s Relationship Transformation
- Applying “No going backward” course corrections
- Traveling to future-focused business partnership destinations
Business Partners Amicable Divorce Counseling
What can you do when your business partnership is beyond rescue?
I facilitate crucial conversations so you and your business partner can continue to talk with each other without the discussion derailing. By talking directly with each other, rather than through your attorneys, you can smooth the transition. Facilitated discussions :
- Save money that would have been spent on legal fees
- Get you to a buyout agreement much sooner
- Significantly reduce disruption for your employees, vendors, and customers
Facilitating difficult conversations to work towards an amicable business divorce can be done from the outset or at any point that it no longer seems feasible to continue the partnership.
Explore Whether Business Partners Counseling Can Help
4Please reach out to me, Richard Chandler, MA, LPC. We can have a short conversation at no cost. I encourage your partner(s) to meet with me at the same time too. Doing so as a video call is preferable, but a phone or text conversation also works.
Through our conversation about how business partner consulting could work for your partner and you, your questions will be answered, and you will know if working together makes sense.
Additional reading on busines relationship strategies: "How to Communicate Frustration to Your Business Partner without an Argument."
© 2024 Richard Chandler, MA, LPC, Masters in Psychotherapy, Licensed Professional Counselor. The Business Partners Counselor