partnership pros. & cons knockout

Discussion in 'Lawn Mowing' started by richard coffman, Jan 23, 2002.

  1. richard coffman

    richard coffman LawnSite Senior Member
    Posts: 341

    I've allways did things myself, but now sence i really want to take off in the business. I'm kinda concerned about the whole partnership thing. I'm sure ya all have had this come up on time or another, but I'm not sure if this is a good step or just a step to disaster. what should i look out for and how can i protect myself if i do decide to go wiith it, or should i put it up as a red flag and tell him that it wouldn't be a good idea, and leave it at that.


    Richard Coffman/owner
    Special Needs Lawn Services
  2. Guardian

    Guardian LawnSite Senior Member
    from Florida
    Posts: 269

    I started with a partner, but he left 3 months into it. He felt he could do better on his own. He went out of business in August 2000.
    I would not dream of having a partner again. When he left, it turned out to be the BEST thing for me. If you are under 100K/Year in sales, then 2 people trying to live off the business is too hard. Not to mention that there's no money for expansion.

    If you do it, don't involve a friend. It strains the friendship (to put it mildly). Put EVERYTHING in writing! Decide on a longterm plan together before strinking a deal.

    ...why do you think you need a partner? to grow? There are plenty of ways to expand w/o one. Money? I would exaust every mean I had before taking on a partner for $$.

    MATTHEW LawnSite Senior Member
    from NE OHIO
    Posts: 665

    If it is a friend or a relative-I say NO WAY!
    One of you will certainly end up doing more work than the other one and then the compensation issue will come up. There's not really any way to divide all responsibilities 50/50.
  4. Ray&Christine

    Ray&Christine LawnSite Member
    Posts: 181

    When I started out I had a partner. Half way through the first season I told him that this is not working out.He took some of our
    equipment saying he will pay me for it and of course never did. I guess in some cases partnerships work out fine but I think these cases are rare. You have to have the exact same amount of dedication and work ethic. If it was a hot day my partner said it was too hot to work and went home leaving me to do all the work myself, and of course he still wanted half the the money.
    There are pros to having a partner like if you get sick or hurt they could cover for you, and you only need to lay out half the money for equipment etc. But then you only get half the profits.

    I would NEVER go into business with anyone again myself. I was lucky I only lost a few hundred dollars. If you do get a partner have a written agreement that includes what happens if you dissolve the partnership.

  5. JimLewis

    JimLewis LawnSite Fanatic
    Posts: 6,841

    I guess it depends on your personality. If you like to give in easily and are great at compromising, even when it's your money, business, equipment, customers, relationships, ideas, values, etc. on the line, maybe it would work for you.

    Of course, the partner would have to also be as docile in order for it to work.

    Otherwise, my advice is to STAY THE HECK AWAY FROM PARTNERSHIPS!!!

    But hey, maybe that's just me. :D
  6. 65hoss

    65hoss LawnSite Fanatic
    Posts: 6,360

  7. Jason Pallas

    Jason Pallas LawnSite Bronze Member
    Posts: 1,325

    I agree partnerships suck - they almost always end poorly - with one guy doing more work than the other and splitting the profits. Recipe for disaster. Go it alone - it's much easier.
  8. richard coffman

    richard coffman LawnSite Senior Member
    Posts: 341

    thanks for all the replys everyone. I've even read all the past post's (thanks for someone giving me the addy's, thanks), and I got my mind made up, it's just too hard to have a partned if ya allredy independant and strong at it as it is. your right, it's like getting married all over again and not knowing if it would work out or not. I thankful that my wife is so supportive of me and my business, she has one of her own and it's growing like wildfire. I'm so thankful for this web site and ya all, hope in the future that i can make a difference to someone as well, ya sure saved me a lot of gruff.

    Richard Coffman/OWNER
    Special Needs Lawn Services:D
  9. cajuncutter

    cajuncutter LawnSite Senior Member
    Posts: 626

    I was in the same boat. I wanted to grow. A buddy of mine offered to go into it with me. He never tried to get business and seemed to want all the money. We never gained any accounts and he wanted half of what I already had. All I can advise you with is NO!!!!!!!! DO NOT DO IT!!!!! You will lose a friend or have a bitter relationship with a family member. Since I kicked him to the curb all has been well. Have even grown. I sat back and thought about all the equipment I could be buying instead of giving my money away. STAY A WAY..just my 2 cents
  10. JimLewis

    JimLewis LawnSite Fanatic
    Posts: 6,841

    I think if you would have posted a POLL with this message it would have ended up looking like this;

    Are partnerships good? Should I enter into one?
    Yes ................................0%
    No ||...............................4%
    No Way ||||........................10%
    F#*@ NO! ||||||||||||||||||||||||| 84%


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