Partners

[Sunstate Lawn]

I know that some of you have some horror stories about partnerships. What can a new partnership do to prevent a fallout?

[pusher21]

in for info as well as I am considering a partnership too:canadaflag:

[john3253]

I know that some of you have some horror stories about partnerships. What can a new partnership do to prevent a fallout?

I think good communication would be a great place to start and an understanding of what is expected from each other.

[barefeetny]

john has it right on


but even still as you go into new ventures the rules have to be discussed over and over again..... i have some professional partnerships, but never would go into a biz partnership

usually never ends pretty

Nate

[HOOLIE]

The partnerships I see that work, they all are NOT 50-50 splits. I think for things to work you really need one of the partners to be 'in charge'. One guy I know has a company (not an LCO) he has 2 partners and it's a 60-30-10 split. They all 3 have their say but one guy has more to say so to speak.

There also needs to be some clearly defined roles each partner must fulfill. I've seen partnerships where both partners are doing the same thing basically. Each person should have his own area of authority, expertise.

[Valk]

Assuming you perform the work together and equally...& if your partner adds 30 lawns to your 30 lawns...you'll essentially make the same money you would have by yourself...and do a LOT more driving.

Moral of this story: Find a partner who will add his 100 lawns to your 30...and who will also split the profits. :D

While there are mutually profitable partnerships out there, they are likely the exception rather than the norm...more horror stories than victories.

There is some obscure security in partnerships...and may it be the true kind, and not false.

Good Luck!

[pusher21]

yea I am leaning towards a solo venture but I am just considering a partnership. But i like the 60-40 type idea

[DSLND]

DO NOT DO THE PARTNERSHIP!

Start off as a Solo Operator, and hire an employee if you need to. PM me for more details/stories if you want (I was in a partnership for a while).

-Mitch-

[Sunstate Lawn]

Let me be more specfic. What can two people who are already new partners do to ensure a long lasting relationship.

[bloomlandscapeanddesign]

PARTNERS ARE FOR DANCING ONLY!! I have been in, set up and gotten out of quite a few partnerships.

# 1-never do 50/50- someone will always complain about the other doing something or not doing something.

# 2-If you MUST partner then it shoud be done by the old motto: YOU GET WHAT YOU DESERVE! Which means, expenses should be broken down to a percentage. AND the income should not. You get 100% of what you do.PERIOD!

# 3 DONT PARTNER
# 4 DONT PARTNER
# 5 DONT PARTNER
# 6 DONT PARTNER

HOPE THAT HELPS

[joesimoes2]

Look at it this way no partner no summer vacation. yea I need a partner.:drinkup:

[clay duncan]

i was going to type out my horror story but instead opted for the simple sentence of NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
PARTNERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
EVERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

[Borinquen7]

When I left from mass, my boss told me one thing when I told him I was moving to florida to open my own lawnservice and the only advice he gave me was do not Partner,,,,,,,, so theres my 2 cents

[IN2MOWN]

Plenty of partnerships work. The key is communication and being open to each others ideas.