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Taking the next big step.

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  1. #19
    bigburtchino's Avatar
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    I agree with "Spin" on the partner advice 100%. As I started with partners, one lasted less than a year and the second partner only three years. The third was a great partner, with him (my youngest brother) we grew and had our most prosperous years (so far). My brother and I worked hard and both contributed equally in growing our company. We started out I was married and he was single, five years into it I divorced and he married. My divorce was for many reasons, one was I was totally focused on growing a company. My brothers wife married a man because he was successful and wanted a family. She became more interested in her "share" of our assets, this bothered me (still does) so after ten years I bought my brother out. I "wish" things would have worked out, I miss not having my brother as a partner.

    My take on partners, they have to be able to contribute equally, it does not need to be financial (I owned 50% at the start). It's the effort, able to add to and not distract from the growth of company. Running a company is not easy and there will be personal casualties in doing so as partners grow together that company. Just want to add a partner can be your best asset or a "huge" problem. Open communication and written agreements is the only way a partnership will work.



    Again Congrats and all the best wishes that you have nothing but a successful business.

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