Discussion in 'Business Operations' started by Skippy, Feb 15, 2003.

  1. Skippy

    Skippy LawnSite Member
    from Maine
    Posts: 31

    I finally have an opportunity to get in the business as an owner after not being able to after 3 years, for financial reasons, I can now, but the catch is a partner. I have heard many people say that they wouldn't. but, once in a while you do hear of the good stories. Do any of you have good or bad reports about it? Yes it's a family member, but, one that is a good one and trustful. Just curious, it's an opportunity I've always wanted.:dizzy:
  2. paponte

    paponte LawnSite Silver Member
    Posts: 2,366

    Just watch yourself. I personally would not do it again, just from experience. Money is a funny thing, even among family members. Also what is considered working to one person, may not be in the other person's book. You may be busting your @ss, and getting paid the same as the other guy who is not even breaking a sweat.
  3. Skippy

    Skippy LawnSite Member
    from Maine
    Posts: 31

    I kinda see what your saying and in a sense I expect that he'll take care of office things plus help out in the field. And I'm no good at paper work so I hope it won't bother me too much. He's very good with money and finances.
  4. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    Why would you want to share profits with a family member or not???

    Why do you want to have another person second-guess your moves???
  5. there are alot of threads here on the suject.I would advise against it.Esp with a family member bad karma
  6. Acute Cut

    Acute Cut LawnSite Senior Member
    Posts: 980

    mega ditos
    been there done that, glad it did not work out. Think about this. Say you get a job that pays 1000 a month. Ok, you can pay your partner 500 of it or you can pay some employee 8 dollars an hour. It takes alot of hours to get even close to 500 dollars.
  7. bob

    bob LawnSite Platinum Member
    from DE
    Posts: 4,254

    Partnerships usually start out okay. But in just a matter of weeks things will go wrong. Now throw in a family member, now there's a recipe for disaster. Try to go out on your own. It might be harder to go solo at first, but it will save you a lot af headaches.
  8. HBFOXJr

    HBFOXJr LawnSite Bronze Member
    Posts: 1,712

    Spend $16 and buy and read E-Myth Revisited by Michael Gerber. Then make your decision from a very educated pespective.
  9. coonman

    coonman LawnSite Senior Member
    Posts: 682

    If you get a partner that has the same goals as yourself and is willing to work just like you it will work great. Ours works fine. I would much rather have a good partner than to go through the never ending revolving door of hiring help.
  10. HOMER

    HOMER LawnSite Gold Member
    Posts: 3,183

    I don't like the sound of it already: He'll probably do the office thing..........he's great with finances.

    In other'll still be doing the hard stuff and sweatin' bullets to earn enough to keep both of you afloat.

    There have been many on this forum that have gone into partnerships (might as well be a marriage) and it didn't work out..........I'm one of those people. Had my ex-partner and I thought alike, spent alike, worked alike, ate alike, slept alike........well.............get the picture? I'll put it like this, if you could be marred to this person then you could be partners, if not then re-think this thing. My partner is my wife, she helps me with several aspects of the business and even that has taken time to smooth out.

    I would imagine like most people (myself included) that you will try it anyway..........if and when you do please let us know how it works for you. We're not always right and it might be the best thing you ever did!

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