Is your business partner thinking about leaving?

Is your business partner thinking about leaving?

On Behalf of | Jan 7, 2023 | Business Law |

A successful business partnership can be very beneficial to your company. You can share the workload, bounce ideas off of one another and manage the team together.

That being said, it’s rare for business partnerships to last forever, and there are bound to be bumps along the road. It’s worth looking out for signs that your partner is thinking about moving on. Ideally, you want to be prepared for this scenario rather than being caught off guard. Outlined below are two potential signs of someone who may be considering leaving the business

You aren’t getting honest answers from them

You and your business partner don’t need to get along all of the time, but you do need trust and honesty. Recently, your business partner claimed that they were heading out for a meeting with a client. You checked the records to see if any appointments were scheduled, and it came up empty. While your business partner may have simply forgotten to enter it, it could be a sign that they were not where they claimed to be. When the trust and honesty goes, it’s possible that your business partner could be looking for a way out.

They are lacking passion

Disagreements are not actually always a bad sign. You and your partner may be at loggerheads because you both have different ideas, but your aim of expanding the company can still be the same. Together, you should be able to come up with a compromise or solution.

The real trouble begins when your business partner just doesn’t care anymore. Their drive, passion and enthusiasm for the company is virtually non-existent. This could be a sign that they are thinking about their future rather than the task in hand.

Partnership disputes can be disruptive, so it’s important to find a solution quickly. Seeking some legal guidance will give you a better idea of how to do this.