You're at odds with your partner over business strategies. How do you find common ground?

1 Understand Issues

To resolve conflicts with your business partner, start by thoroughly understanding the issues at hand. Listen actively to your partner's perspective and articulate your own concerns clearly. This mutual understanding is the foundation for any successful negotiation. Remember, it's not about winning an argument but finding a solution that benefits the business as a whole. By acknowledging the validity in each other's viewpoints, you can begin to work towards a strategy that incorporates the best of both worlds.

2 Set Egos Aside

When you're at odds over business strategies, setting egos aside is essential. Personal pride can cloud judgment and hinder progress. Approach the discussion with an open mind, focusing on the business's success rather than personal victories. Remember, the partnership and the collective vision for the company should always take precedence over individual desires. By prioritizing the health of the business, you can work collaboratively to find solutions that are in everyone's best interest.

3 Explore Alternatives

Exploring alternatives is a constructive way to move beyond a stalemate. Encourage your partner to brainstorm with you, and together, generate a range of options that could work for both of you. This creative process not only opens up new possibilities but also demonstrates a willingness to compromise and work together. Be prepared to pivot from your original stance and consider strategies that blend elements from both partners' ideas, aiming for a synergistic approach that strengthens the business.

4 Prioritize Goals

Identifying and prioritizing shared goals is a powerful way to align with your business partner. Discuss what you both want to achieve in the short and long term and use these objectives as a guide for your strategy discussions. When both partners are committed to a common set of goals, it becomes easier to make concessions on how to achieve them. This approach ensures that strategic decisions are driven by the shared vision and purpose of the business, rather than personal preferences.

5 Seek Mediation

If finding common ground proves difficult, don't hesitate to seek mediation. A neutral third party can facilitate discussions, helping both partners articulate their views and work towards a mutually beneficial strategy. This professional can provide an outside perspective, encourage constructive dialogue, and guide you towards a resolution. Remember, there's no shame in asking for help; it demonstrates a commitment to the partnership and the overall health of the business.

6 Implement Trials

Once you've reached a tentative agreement on a new strategy, consider implementing it on a trial basis. This allows both partners to evaluate its effectiveness without a full-scale commitment. Set clear metrics for success and a timeline for reviewing progress. If the trial shows positive results, it can become a permanent strategy. If not, use the experience as a learning opportunity to refine your approach. Trial periods can reduce resistance to change and promote a culture of innovation within your partnership.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?