The idea of working with a co-founder can be very exciting when starting a business, as they say “two heads are better than one”, correct? But what happens when disagreements arise? There is a very high likelihood, however, that at some point, irrespective of how well the two of you may get along, you'll have a difference of opinion. These conflicts can escalate and cause tension in your partnership, potentially leading to the downfall of your startup. That's why it's essential to have conflict resolution strategies in place before and when disagreements occur. In this blog post, we are going to explore some of the most effective ways to work through disagreements with your co-founders and keep the business partnership strong.
Firstly, it is very important that the following steps are taken:
- Understand the Root Cause - What is important to remember, is that to resolve a disagreement with your co-founder you need to first understand the root cause of the issue. This requires taking the time to listen to each other's perspectives and concerns without judgment. Try to understand the underlying motivations of both parties and identify the key drivers of the disagreement. Sometimes, the cause might not be immediately visible to you, and it may require further exploration to get to the heart of the issue.
- Communicate Effectively: Effective communication is key to resolving disagreements with your co-founder. Use "I" statements to express your thoughts and feelings, rather than placing blame or accusing the other person. Focus on the issue at hand, not the person, and be open to feedback. Active listening is also crucial in effective communication. This means fully concentrating on what the other person is saying, rather than just waiting for your turn to speak. Try to express your concerns in a respectful and constructive way. Use language with is neutral and non-judgmental.
- Find a Compromise: Once you have identified the root cause and communicated effectively, the next step is to find a compromise. Brainstorm solutions that consider both parties' concerns and identify common ground. Evaluate each potential solution based on its feasibility, potential impact, and compatibility with your company's values and goals. Once a compromise has been reached, commit to implementing it and following through with any necessary actions. Sometimes, it may be helpful to bring in a mediator who can help facilitate the conversation and ensure that both parties feel they are heard and understood.
- Take a Break: There are times, where the best way to resolve a disagreement is to take a short break from the conversation. Set a time limit for the break and practice self-care to reduce any stress or anxiety. This can include exercise, meditation, or simply taking a walk. Revisit the discussion with a fresh perspective once you are both in a calmer state of mind.
- Seek Outside Support: If the disagreement is particularly difficult to resolve, consider seeking outside support. This could include seeking advice from an advisor or mentor, working with a professional mediator, or even seeking counselling. While seeking outside support may feel like a last resort, it can also be incredibly beneficial in finding a resolution that works for both parties. There are various resources on the internet that can help you find the type of mediator/ coach or counselor which you need to assist with your disagreement. Remember to always research the qualifications as well as the experience of any professional who you are considering working with, and make sure they have a good track record of success in helping business partners resolve conflicts.
- Don't let emotions cloud your judgment: When you are in the middle of a disagreement, it can be easy to let one’s emotions get in the way. However, it's important that you try and remain calm and objective. Take a deep breath and try to approach the situation with a clear head.
- Focus on the future, not the past: Often it is easy to get caught up in what has happened in the past, but dwelling on it won't help you resolve the current disagreement. Instead, focus on finding a solution that will move your business forward.
- Be respectful and professional: No matter how strongly you feel about the issue at hand, it's important to maintain a respectful and professional demeanor. This will help ensure that both parties feel heard and valued and will increase the likelihood of finding a resolution that works for everyone.
- Know when to walk away: Sometimes, despite your best efforts and despite how badly you want to work things out, you might not be able to come to a resolution with your co-founder. In these situations, it may be necessary to consider parting ways. If you're not making progress, emotions are high, core values are compromised, the relationship is becoming toxic, or you've explored all options, it may be time to consider walking away. While it may be a difficult decision, it's important to remember that your business's success should always come first.
In summary, here are some tips for navigating disagreements with your co-founder:
- Understand the root cause: Take the time to understand the underlying motivations and drivers of the disagreement.
- Communicate effectively: Use "I" statements, focus on the issue, and actively listen.
- Find a compromise: Brainstorm solutions that consider both parties' concerns and identify common ground.
- Take a break: Sometimes, it's best to step away from the conversation and practice self-care before revisiting the discussion with a fresh perspective.
- Seek outside support: Consider seeking advice from a trusted advisor, working with a professional mediator, or seeking counselling if the disagreement is particularly difficult to resolve.
- Don't let emotions cloud your judgment: Try to remain calm and objective during the discussion.
- Focus on the future, not the past: Instead of dwelling on past disagreements, focus on finding a solution that will move your business forward.
- Be respectful and professional: Maintain a respectful and professional demeanour during the discussion.
- Know when to walk away: Sometimes, parting ways may be necessary for the success of your business.
Navigating disagreements with your co-founder is a crucial aspect of building a successful startup. Conflict is inevitable in any partnership, but with the right strategies, you can turn it into an opportunity for growth and collaboration. It's important to bear in mind that resolving conflict is not a one-and-done solution, but rather it is an ongoing process that involves a combination of patience, empathy, and collaboration. So, stay calm, stay focused, and keep working together towards your common goals. It is important to remember that with the right mindset and approach, you can turn any conflict into an opportunity.
