Successful startups may run into many growing pains and hurdles during their first several years of existence, including partnership breakups. If you take the statistics commonly used today at face value, the odds are not in a partnership’s favor. The average startup breakup rate can be 20-30% higher than marriage divorce rates. If the pairing at the heart of a joint venture starts to fail, knowing how to end the relationship can save the business from a PR nightmare.
Here’s how to do it professionally, and some of the warning signs to watch out for.