How To Spot A Toxic Business Partner And Get Rid Of Them

Only 30 percent of business partnerships succeed, but this doesn’t mean you need to completely avoid getting into one. Having a business partner gives you the advantage of more capital, tax benefits, and combined skills and knowledge, to mention a few. But to make sure you don’t fall into the 70 percent of failed partnerships, you need to learn how to spot a toxic business partner and get rid of them.

Toxic partners can put many things at risk, whether that’s relationships with other partners, the company’s financial health, or the motivation and morale of employees.

Here are signs your business partner is toxic:

#1. They don’t treat others well

Rudeness and business do not go well together. If your business partner talks down to others, blatantly disregards others’ feelings, and lacks empathy, you probably have a toxic partner.

You don’t want to drive away employees, customers, or vendors with your partners’ attitude. It wouldn’t be surprising if they wouldn’t feel bad firing a vendor and even telling a customer off. While giving constructive criticism and being assertive are important in leadership, a partner who abuses their role and belittles and ridicules others is not someone you want to…