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Have You Ever Had A Conflict With Your Business Partner?
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[QUOTE="Abee111, post: 206370, member: 29793"] My answer is no... But there are something that arise with conflict in a business Just like any other relationship, a business relationship too has its fair share of ups and downs. No matter how strong your relationship is with your business partner, disputes are bound to arise sooner or later. When business partners are disputing, their quarrels tend to disrupt the daily goings on of their organization. If they are not careful about keeping their disputes between themselves, it can result in the failure of their organization. Conflicts between partners aren't restricted to businesses that aren't doing well; partners of even the most successful businesses tend to bicker every now and then. Here are the most common reasons for partnership Financial dispute One of the top causes of partnership disagreements is disputes about financial rights and obligations. This dispute generally arises when the company is undergoing financial stress. If there is no clarity in the partnership agreement about how liabilities will be handled and profits will be shared, serious management-level problems are bound to occur. Misusing assets for personal use is yet another cause for financial disputes between partners. Sometimes, one partner thinks it's fine to use the company car to run personal errands, but the other does nof Authority dispute Sometimes, despite having fool-proof partnership agreements, partners don't respect each other's areas of expertise and tend to overstep their boundaries. When this happens, some things end up not getting done by anybody, and some other things don't get done because there are too many partners sticking their nose into the same thing and offering different perspectives. The best solution to this is to establish a set chain-of-command and different areas of authority. Income dispute Several partners are unable to decide how to use their income to better their business. While one partner prefers investing the money in marketing, the other partner could be more intent on introducing a new product into the market. If partners are not careful, disagreements on small things can quickly turn into big problems. [/QUOTE]
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Have You Ever Had A Conflict With Your Business Partner?
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