When a small business partnership takes a turn for the worse, it can be a challenging and stressful situation. Here are some steps you can take to address the issues and potentially salvage the partnership:

1. Open and honest communication: Schedule a meeting with your partner to discuss the concerns and challenges you are facing. Create a safe space where both parties can express their thoughts and feelings without judgment. Be open to listening and understanding each other's perspectives.

2. Identify the root cause: Try to pinpoint the exact issues causing the partnership to deteriorate. It could be a difference in goals, work ethic, communication styles, or financial disagreements. Understanding the underlying problems will help you find appropriate solutions.

3. Seek mediation: If you're unable to resolve the issues through direct communication, consider involving a neutral third party mediator. A professional mediator can help facilitate discussions and guide both parties towards finding common ground. They can provide an objective perspective and help create a compromise that benefits both partners.

4. Revisit the partnership agreement: Review the partnership agreement to understand the rights, responsibilities, and obligations of each partner. Ensure that both partners are adhering to the agreed-upon terms. If necessary, consult with a lawyer to better understand legal options and obligations.

5. Consider restructuring or buyout: If the issues persist and the partnership is no longer sustainable, explore the possibility of restructuring the partnership or initiating a buyout. This may involve renegotiating ownership percentages, roles, or even dissolving the partnership altogether. Seek legal advice to navigate this process smoothly.

6. Focus on common goals and mutual benefits: Refocus on the shared goals and vision that brought you together initially. Look for ways to align your interests and collaborate on projects that benefit both partners. Finding common ground and shared interests can help rebuild trust and strengthen the partnership.

7. Establish clear roles and responsibilities: Clearly define each partner's roles, responsibilities, and decision-making authority. This reduces misunderstandings and conflicts arising from overlapping responsibilities or conflicting directions.

8. Seek professional help: If the situation becomes unmanageable or toxic, consult with a business coach, counselor, or therapist who specializes in resolving partnership conflicts. They can provide guidance and support to help you navigate the challenges and emotions involved.

Remember, every partnership is unique, and there is no one-size-fits-all solution. It's essential to approach the situation with empathy, patience, and a willingness to find a resolution that serves the best interests of both partners and the business as a whole.