What makes a partnership successful?

Discussion in 'Business Operations' started by Stihl036pro, Oct 27, 2010.

  1. Stihl036pro

    Stihl036pro LawnSite Member
    Messages: 232

    What makes a partnership successful? and why do most partnerships fail? Does anyone out there care to comment. Thank you in advance.
    Last edited: Oct 27, 2010
  2. JB1

    JB1 LawnSite Fanatic
    Messages: 5,904

    same thing as a marriage.
  3. punt66

    punt66 LawnSite Fanatic
    Messages: 8,536

    Dont do it. One will always work harder then the other. The only partnerships i have seen make it is because one partner owns more then 50%. Say 60 - 40. Then he has more say on which direction things go.
  4. White Gardens

    White Gardens LawnSite Fanatic
    Messages: 6,776

    Don't do it and you'll be successful.
  5. Fvstringpicker

    Fvstringpicker LawnSite Fanatic
    Messages: 7,663

    Actually that's not true, unless its in a partnership agreement.
  6. Cajun Cleanin'

    Cajun Cleanin' LawnSite Member
    Messages: 115

    The death of one of the partners.
  7. Stihl036pro

    Stihl036pro LawnSite Member
    Messages: 232

    I know its a hard topic to discuss with out the facts and plan in front of you. There has to be some LCO's that are successful with partnerships. I am talking about big companies of 1 million dollars or more. Is there anyone in a partnership with revenue exceeding one million. Any Lco at that level thinks differently than the smaller LCO Companies. Thanks
  8. punt66

    punt66 LawnSite Fanatic
    Messages: 8,536

    find one and prove us wrong. There is a reason companies have 1 ceo.
  9. wbw

    wbw LawnSite Fanatic
    Messages: 6,080

    Partnerships are successful when the partners have complimentary skills that are appreciated by each other and both are devoted to the business.

    These otherwise successful partnerships fail when, after getting beyond the start-up phase and into the success phase of their business, the partners realize that they could hire someone to do what their partner does for much less expense than their partner cost.

    They also fail due to the clashing of egos.
  10. AI Inc

    AI Inc LawnSite Fanatic
    Messages: 26,824

    I had a partner for my first 12 yrs. Worked well as I was in charge of residental service and installs and he worked the commercial end.

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