What is betrayal? This kind of situation happens commonly in our life, whether it is personal life or business partnership. But today we will talk about betrayal in business partnership, very often the partnership kick-off with a very positive manner. Most partnership started with close friends, relatives, brothers & sisters or even parents, and they all started to plan on how to run the business, who to do what and mostly technical issues.
But then a lot of businesses failed to plan the life span of the business, the changes of the life styles of the partners and the withdrawal plan. As the business runs, competition sets in, market forces are causing the company to evolve or the partners plan for the evolution. Then sooner or later it will reach a point when times will be very tough or very good. The problems start to surface, politics sets in and changes are an eventuality. Why this happens?
Simply because, at the beginning of the business, and the partners failed to forecast the life span of their business or partnership. Why do we need to forecast the life span of the business? Because as time goes by, life styles and needs changes, some might have a family commitment or some might want to pursue their interest after making some money. But all these factors are not taken into account when they start the business.
They will put in their love and passion to run the business. As years goes by, changes in the market as well as the partners’ life styles become visible. They will try to toggle between personal life and business. Because they are running the business with love, they will get emotional upset when things do not go their way, when there is love, there is hatred. Then finger pointing will starts and the feeling of betrayal sets in. A lot people have the misconception that their business is their baby and they fall in love with it and very reluctant to let go of it even though it is a sinking ship.
If they runs the business with only winning and losing in mind, and a mature attitude towards losing, then betrayal does not happens in the company, unless your partner is going after your wife. Then it is your wife that betrays you and not your partner…..
