Partners

Discussion in 'Starting a Lawn Care Business' started by Sunstate Lawn, Feb 2, 2008.

  1. Sunstate Lawn

    Sunstate Lawn LawnSite Member
    Posts: 143

    I know that some of you have some horror stories about partnerships. What can a new partnership do to prevent a fallout?
     
  2. pusher21

    pusher21 LawnSite Member
    from bolton
    Posts: 20

    in for info as well as I am considering a partnership too:canadaflag:
     
  3. john3253

    john3253 LawnSite Member
    Posts: 20

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

    barefeetny LawnSite Senior Member
    Posts: 533

    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
     
  5. HOOLIE

    HOOLIE LawnSite Gold Member
    Posts: 3,981

    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.
     
  6. Valk

    Valk LawnSite Silver Member
    Posts: 2,711

    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!
     
  7. pusher21

    pusher21 LawnSite Member
    from bolton
    Posts: 20

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

    DSLND LawnSite Bronze Member
    Posts: 1,205

    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-
     
  9. Sunstate Lawn

    Sunstate Lawn LawnSite Member
    Posts: 143

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

    bloomlandscapeanddesign LawnSite Member
    from 07039
    Posts: 9

    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
     

Share This Page