How to part with a business partner if you are friends
Statistics show that most businessmen, starting their first business, take as a partner their close friends. This is dictated by the desire to find understanding with a partner, as well as to maintain warm relations in business, solving all arising questions in a pleasant company. As a rule, at first, the presence of a partner is not a problem, but over time the situation may change radically.
The same statistics confirms that at a certain stage, when a business reaches a certain level of its development, partners who are also friends in everyday life often cease to understand each other.
Each of them has its own idea of how to conduct business and does not find support from the other.
Probably, many faced this problem. It is exacerbated by the fact that not only your business relationship, but also your friendship, is compromised as a result. And this is already a serious argument in favor of trying to find a way out of this situation. The business knows not a single story about how close friends became the worst enemies for the rest of their lives, having failed to find a solution about how to conduct business. Losing a business can sometimes be difficult to transfer, but losing a friend is simply impossible. After all, friendship belongs to the category of abstract concepts that are highly valued by each person. And if it also lasts since childhood, then such a loss can become truly irreplaceable, even if the person himself does not want to admit this to himself.
In order not to experience such situations you can advise that it is better not to do business with your friends. Those who prefer to work with partners, and communicate with friends in their free time are somewhat right. Dividing friendship and business and making them two non-overlapping areas, you are guaranteed that one day you will have to quarrel with your own friend on the basis of a wrongly made, in your opinion, decision.
There is also another point that speaks in favor of doing business with strangers. Since feelings are necessarily involved in our friendship, it is sometimes difficult to tell a friend your displeasure, and all the dots at once are i. Especially when this friend repeatedly helped you out in difficult situations and helped. Unless you can turn out to be an “ungrateful bastard” and express to his eyes that you consider him insufficiently competent, and his approach to doing business is not correct. To say this and maintain friendships is obtained by very few.
From the foregoing, the conclusion follows: you should not choose friends as business partners if you both do not feel strong enough to put all your warm relations in the background and be guided only by considerations of benefit for the common cause. This implies the ability not to be offended at each other, to accept someone else’s point of view and not to reproach the partner with some kind of past merit. In other words, you need to adopt the “business and nothing more” model. We make a reservation right away, such relationships are rare, so it’s best to conduct a separate business with friends.
If you are partners with your close friend and you feel that your paths are diverging, you should not pretend that nothing happens only because you do not want to lose a friend. It will not lead to anything good. You will lose the business and still be unhappy with each other. How to behave in a similar situation?
First of all, be guided by what will be beneficial for your business (this is, after all, a business) and if you understand that for its benefit you need to part, find the strength in yourself for a difficult conversation. Give your opinion on how you see the company’s development strategy. Explain why you do not consider it possible to continue working in one team. And finally, solve financial issues, buy out a share of a friend, or give him part of the assets – depending on how you agree. If you break up amicably – this will preserve your friendship, which, you see, is very important.