Misunderstanding happens in any relationship. It can cause irreversible damage to any partnerships. Addressing such concern immediately is highly recommended to prevent the dispute from worsening. Discuss matters privately to avoid unwanted characters from intervening. Their opinions can heighten frustration causing more damage to the situation.
Conduct an intensive investigation to determine its roots. Gather related facts to avoid misrepresentation. Stay away from hearsay to attain credible evidences. Review facts thoroughly to extract the real story. Finding the real cause will be helpful in attaining the best solution.
Hire a stenographer or use a recorder to take down the minutes of the meeting. This is helpful to prevent missing some important factors that might affect the resolution. Note that an effective agreement aims to benefit many once implemented. Document hard copies and index properly. This might happen again. Having such document will avert you from undergoing the same process.
Consulting a lawyer during the final stage will ensure that everything is valid and legal. This does not mean you have to file a case against the other party. This will ensure that both party's rights are protected. You need to safeguard your investment. You need to remember money can change people so you need some insurance to prevent others from harvesting the fruits of your labor.
Mandate your partners to proactively run the venture with you. You do not need to shoulder operations alone. However avoid being bossy. Ask them politely to monitor operations, make observations and call your attention whenever anomalies occur. Segregating the task is more effective in maintaining a good working relationship within the company. Giving them a responsibility will inspire them to do better. Remind them you are a team. The fate of your venture lies in your hands.
Respect is earned not imposed. You cannot expect others to just follow your demands. Expect others to criticize your ideas. Acknowledge your shortcomings and humbly ask for suggestions to improve the suggestion. This will lessen conflicts. Stubbornness will only lead to misunderstandings and failures. It may even result to legal actions if this continues. Immediately set aside that pride to obtain a better result.
Always run a fair business. Recognize your partner's contributions. Give them an equal power to make decisions. Consult them about it and respect their opinions. Avoid being argumentative when discussing such matters. A slight change in your voice or facial expression may frustrate them. Stay calm, choose your words and be diplomatic when faced with such predicament. Always remember that you cannot accomplish anything with a bad temper. Consider your partner's judgement. It might make sense somehow.
Having partners is a blessing. You accomplish more tasks when you have someone who can share the load. Do not allow differences to tear such tie-up. Always remind each other of your goals. This will keep you on track. Figure out a way to implement ideas together without fighting. This will protect your investment and keep the friendship alive.
Conduct an intensive investigation to determine its roots. Gather related facts to avoid misrepresentation. Stay away from hearsay to attain credible evidences. Review facts thoroughly to extract the real story. Finding the real cause will be helpful in attaining the best solution.
Hire a stenographer or use a recorder to take down the minutes of the meeting. This is helpful to prevent missing some important factors that might affect the resolution. Note that an effective agreement aims to benefit many once implemented. Document hard copies and index properly. This might happen again. Having such document will avert you from undergoing the same process.
Consulting a lawyer during the final stage will ensure that everything is valid and legal. This does not mean you have to file a case against the other party. This will ensure that both party's rights are protected. You need to safeguard your investment. You need to remember money can change people so you need some insurance to prevent others from harvesting the fruits of your labor.
Mandate your partners to proactively run the venture with you. You do not need to shoulder operations alone. However avoid being bossy. Ask them politely to monitor operations, make observations and call your attention whenever anomalies occur. Segregating the task is more effective in maintaining a good working relationship within the company. Giving them a responsibility will inspire them to do better. Remind them you are a team. The fate of your venture lies in your hands.
Respect is earned not imposed. You cannot expect others to just follow your demands. Expect others to criticize your ideas. Acknowledge your shortcomings and humbly ask for suggestions to improve the suggestion. This will lessen conflicts. Stubbornness will only lead to misunderstandings and failures. It may even result to legal actions if this continues. Immediately set aside that pride to obtain a better result.
Always run a fair business. Recognize your partner's contributions. Give them an equal power to make decisions. Consult them about it and respect their opinions. Avoid being argumentative when discussing such matters. A slight change in your voice or facial expression may frustrate them. Stay calm, choose your words and be diplomatic when faced with such predicament. Always remember that you cannot accomplish anything with a bad temper. Consider your partner's judgement. It might make sense somehow.
Having partners is a blessing. You accomplish more tasks when you have someone who can share the load. Do not allow differences to tear such tie-up. Always remind each other of your goals. This will keep you on track. Figure out a way to implement ideas together without fighting. This will protect your investment and keep the friendship alive.