Resolve Your Business Partner Conflict NOW | Business Partnership Mastery
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- čas přidán 9. 09. 2024
- If you have an issue with your business partner, the best thing you can do is bring it up now. Don't give the issue time to fester and eat away at the foundation critical to the success of your business - your founder relationship.
Go for a hike, grab a drink, do something informal with your partner, and ask them how they think things are coming along. It's much easier to deal with business conflicts informally than when lawyers become involved.
Hard discussions will never be easy, but it's helpful for you to think about why you find the discussion difficult. If the thought of bringing up your issue makes you squirm, you should question whether you're ready to lead a business. On the other hand, if you just know that your cofounder won't hear you out or get defensive or volatile, then you should stop to examine whether you really want to be in business with this person.
Brett has said throughout his Business Partnership Mastery Series that accountability is key to the success of your founder relationship. And, there's no way you will see success if communication is bottlenecked because of an inability to hold each other accountable. So, have that tough conversation today!
This is another video in his Business Partnership Mastery Series, where he will be diving into both the philosophy and legal nuts and bolts of mastering business partnerships. If you are a current or future business owner, you will definitely want to stay tuned for videos in this upcoming series, so make sure to subscribe!
Inspired by the content in his book, Partner-Proofing Your Partnership, Brett will touch and expand on the primary concepts he fleshed out in that short read which you can find here:
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Have questions? Book a call, and talk to Brett today:
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You can reach Brett through:
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/ brettcenkus
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www.cenkuslaw.com
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Brett A. Cenkus has 20+ years of experience in business law, finance, and entrepreneurship. Through Cenkus Law, PC, he provides advice and services for mergers & acquisitions (M&A), securities offerings, founders’ agreements, and other general business law issues.
Through Braaten Woods, LLC, Brett helps business owners in the lower middle market ($2MM - $25MM) position themselves for sale, find buyers, negotiate, and close M&A deals.
Brett also maintains merger-resources.com, a site packed with free articles, videos, checklists, deal diagrams, template contracts, and other tools to help pass M&A knowledge to others.
Brett regularly consults with entrepreneurs and invests his own capital as an angel investor.
From 2010-2013, Brett served as Chief Legal Counsel of a publicly-traded international oilfield services company. From 2001 to 2006, he and a partner founded and built Paragon Residential Mortgage. Bridge Investments acquired Paragon in 2006.
Brett holds a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania.
Brett lives in Austin with his wife, Cathryn, and two children. He enjoys reading, squash, classic movies, great food and wine, and the New England Patriots.
#corporatelaw #mergersandaquisitions #businesslaw #corporatelawyer
Thanks for your recommendation. my partner owes me about $40,000 and I will use your tips Thank you!
People, listen to this gent. You're just going to spend a lot of time and money, just to try to get right back to this point, trying to settle. Talk to each other...
thank you!
Wow!!! what a lovely speech man... Thanks God I heart you.
Awesome advice .. I completely relate to this situation and Im so glad I came across your video. Thank you!👍
You're welcome!
I am in the worst situation imaginable with a partner that took everything for him and left me with nothing but a bank loan, and after one year an a half of litigation I am still fighting for my rights. My question is, what happen next?? there is any way to sell my equity or force the dissolution of the company? My partner is obsessed with keeping everything for him
There is only one winner in a trial ...... the Lawyers.
Great video, I have a question sir. If I had a business partner invest with me in the beginning and we part ways for whatever reason and my ex partner comes back demanding money but everything is in my name in the business what is your advice I should do? Thank you
Dont trust whos talking about number from the start
on the contrary, we must believe those who talk about numbers from the very first day.