Sunday, July 13, 2014

Effective Ways Of Solving Issues In Partnerships

By Coleen Torres


Misunderstanding is common in a relationship. It is detrimental for any partnerships if not addressed immediately. Discuss these matters behind closed doors. This will prevent others from intervening. This frustration can result in irreconcilable differences.

Conducting a thorough investigation prior to the meeting is very important when subject to such arguments. Gathering evidences will save one from making wrong conclusions. Take your time in reviewing its facts to get the roots of the problem. Stay away from hearsay to avoid confusion.

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.

Make sure that every detail is legal and valid. Hire a lawyer to review the document. This is highly recommended to secure your investment. Such assurance is vital in protecting your rights in the tie-up unless you want your share to go to charity.

Remind your partners that you should run the company together to avoid suspicion from arising. Learn to segregate duties to ensure operation is managed accordingly. Such practice will also be helpful in detecting anomalies faster vital in obtaining a good working environment for everyone. Encourage others to be observant. Never discard their opinions. Remember that assuming such responsibility does not give you a license to be bossy. You are a team thus give them the right to voice out their concerns. Such information is useful in getting your desired results.

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.

Be fair and reasonable in running the business. Acknowledge the efforts of your partners to secure the success of your business. Exchange ideas without being aggressive or argumentative. Choose your words wisely and act maturely during brainstorming. Solve indifference with an open mind. Avoid profanity or making faces when frustrated. Such actions can tick off the other party's bad side that may result in unfavorable outcomes. Stay calm and always remember that creativity flows freely when you learn to accept and trust your co-workers judgement. It is their business to. They should be given a chance to contribute to its growth.

Do not allow emotions to get in the way of solving the dispute. Look beyond those angry gestures to refrain from ruining the tie-up. Focus on your goals to get you back on track. Feel blessed that you have a partner. Having one increases your chance of surviving the enigmatic business world. As an old adage say, two heads are better than one. Learn to appreciate each others strengths and weaknesses. You have to realize each others importance to lessen those conflicts. Only then will you harness the benefits of your efforts.




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