I am in a business relationship (3 partners), and one of the partners, who initially started with ideas and excellent input, has all but stopped sharing information. This is a start-up, and while we are making significant progress in our field, his primary concern is about padding his pockets. My partner and I had conversations with him regarding this; however, he seems to think that we should be the workhorses while he has lunch dates. Any direction about how we should proceed?
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  • Without trust and alignment the foundation is too weak to withstand any type of storms that may cone to obtain And Maintain success. Sometimes its... best to give thanks to the foresight and walk away if the crack doesn't want to tighten up. Never ignore your intuition for what May be.
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  • Successful business people always told ne never to have a partner, I’d point out they’d made a fortune with partners…and they would never explain... further. I found out through my iwn experience: however irrational, there almost always comes a time when one’s partners want all of the business. PERIOD. Go figure… more

  • need not to worry and need not to cut him also.....talk to him in figures first and ask him to be open in his statement and responsibilities and... record everything and document it with all notififcation and then there update it.....Preciesly take a dept for each one of you and stick into that after equal shares. Dont toes for department but do for department ...its very simple and still if he feels that he cant stick to that let hiim go and you allow him to let go with clear communication and document it too
    www.hess.co.in
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  • Good contracts make good friends…

    Sounds like it’s time to meet with a business coach and codify your agreements, expectations, division of labor,... etc., etc. Put together a solid partnership agreement that takes away any ambiguities about who does what.  more

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  • Good contracts make good friends…

    Sounds like it’s time to meet with a business coach and codify your agreements, expectations, division of labor,... etc., etc. Put together a solid partnership agreement that takes away any ambiguities about who does what.  more

  • Good contracts make good friends…

    Sounds like it’s time to meet with a business coach and codify your agreements, expectations, division of labor,... etc., etc. Put together a solid partnership agreement that takes away any ambiguities about who does what.  more

  • sounds like mediation might help you. I used Venn Mediation for a similar issue in the past. They helped everyone get on the same page and work... towards common goals, especially at a time when it was tough to have such conversations. more

  • There are a few things to consider: He is feeling that his ideas are keeping you in the business, and so, a sense of entitlement is cropping up. Two,... did you give him more power, unknowingly, till he started feeling more important than you both? Three, you need to start acting like you know what you are doing. Take that power from him; be motivated by his absence and slowly, he might lose the leverage he is having. Research, work, be smart in your decisions.
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  • I know about people who OD on garlic. My husband use to drink a gallon of water infused with garlic!!!?I couldn't stand the smell itcwas coming out of... his pores. You have to say something to him. You should not have to be tortured by garlic!!!!

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  • If you don't have a legal contract, you need one that clearly outlines everyone's duties and share of the profits.

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  • im often this person, i know my value and skillsets, but i also am not too good to throw down and mop the floor before a launch event, do boring time... consuming inventory reconciliation, or lots of tasks that drain my life force. the key is to talk about what tasks best synergies the group dynamic and make compromises about what bring the mission of the business optimized---- the lunch dates can be make or break (specifically a startup) for a company. These kinds of people need to carefully balance ego and pride, and can make other partners feel envy/jealously/resentment. being in an open marriage is complicated, you are essentially in a open work marriage and that takes communication and trust and compromise to keep resentment from building. more

  • Depends on the context and situation.

  • Honestly if that's the case then depending on your partnership by laws you should start the process of buying them out if they are not able to show... cause of work  more

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  • Well that's a headache...are you sure it's that person throttling communication purposefully?

    Feel free to ping me directly. I have experience in... something similar. more