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When business partners have different goals, trouble can start

On Behalf of | Oct 22, 2020 | Business Litigation |

=In your mind, your vision for your new company is very clear. You know why you started the business, where you want it to go and what you hope it can be. The same is true for your business partner. They definitely understand their goals and their vision for the company. 

Here’s the problem: Those goals are different

For instance, maybe you are thinking about long-term success. Your goal is to create a business that you can pass on to your children. You know how hard it is to get a job in the current economic climate. You don’t want your children to ever worry about employment. You’re trying to build something long-term so that they’re set up for life. 

Your partner, though, doesn’t have any children. They just want to make as much money as they can, as fast as possible. It’s all about them. They are not nearly as worried about making decisions for some hypothetical future. They just think about short-term goals and take far more risks than you feel comfortable with. 

Are either you or your business partner right or wrong? Of course not. You’re both making decisions that feel right to you. It’s just that your goals do not line up, and so it feels like the other person is wrong. This can leave you at odds, with no clear way out, because it’s hard to change someone else’s mind if you both think that you are right. 

If you find yourself in a serious dispute with your partner over your disparate goals, it can put your company in jeopardy, and so it’s important for you to know about all of the options you have. An experienced attorney can help you find solutions to your problems.