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how many partners is to many?

Discussion in 'Business Operations' started by hole in one 2, Jan 27, 2003.

  1. GreenQuest Lawn

    GreenQuest Lawn LawnSite Senior Member
    Messages: 822

    I have 1 (other than me) and its too many. Soon to be none...WOOOOOOOHOOOOO:blob3:
  2. 65hoss

    65hoss LawnSite Fanatic
    Messages: 6,360

    I thought you said I could move up there to the snow and be your partner? I'm hurt. :(
  3. HarryD

    HarryD LawnSite Bronze Member
    Messages: 1,068

    Well I think it really depends on your situation. My old boss's had one take care of the mowing and landscape side while the other took care of the irrigation side. Seemed too work for them but everyone is different. I myself like working by myself. I know the job will be done right the first time.
  4. Green Finger

    Green Finger LawnSite Senior Member
    Messages: 839

    I think you need to take a serious look at your situation. Ask yourself these questions.

    Who is incharge.
    Who is the visionary.
    What am I bringing to the table.

    Are these my friends or partners.

    Take it from me. If you can do it alone without partners do it. Less problems.
    Now there may come a time when your company grows and you might consider a partner. By then you will know what you are really looking for.

    But until then do it yourself with EMPLOYEES NOT PARTNERS.
    Just my two cents. :blob2:
  5. tome8689

    tome8689 LawnSite Member
    Messages: 18

    The answer to this question reminds me of a book written by a member of the Hell's Angels Motorcycle gang..."Three Can Keep a Secret...If Two are Dead":angel:
  6. dklawncare

    dklawncare LawnSite Member
    Messages: 79

    it depends a lot on personalities. If he is more of a leader and you are a shy guy who does behind-the-scenes hard work, it might work well for you. Or if you feel like you two will motivate each other to work hard. Make sure though that you don't do all the work and just let him share profits. Just remember, the first year is usually not too easy, plus you have divide that into two parts.
  7. KirbyKLC

    KirbyKLC LawnSite Member
    Messages: 31

    I have 2 partners. One is my wife, the other is my God. Lean on those two and you'll have all you need!!:angel:
  8. Tim Canavan

    Tim Canavan LawnSite Member
    from Houston
    Messages: 218

    Any partner is definitely too many. If you don't think you can make it on your own, maybe you should reconsider.
  9. devildog

    devildog LawnSite Senior Member
    from sc
    Messages: 270

    One is too many
  10. lsylvain

    lsylvain LawnSite Senior Member
    Messages: 779

    Assuming that you would be in business together to make money and not to be friends It's a good idea. There are accounting firms the have 1000's of partners and make billion's so as far as a number it depends.

    Maby think about it this way:

    There are at least 5 things that you need to be done in business

    1 Capital
    2 Accounting (cost, payroll, taxes, budegting, bookkeeping, etc.)
    3 Marketing
    4 Estimating
    5 Doing the work

    So if you are good at the estimating and the work part and kind of fuzzy on the others, finding someone who is good at Marketing and Accounting might be a wize desision.

    One the other hand you have to be willing to give up some power. that's my main reason for not going in with anyone, I'm power hungry.

    Don't forget about limited partners if money is the issue of why you are thinking about partners. You can still maintain the power but get the money you need from someone else.

    Look at all the options before making a descision.

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