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    JnJunk started this thread.
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    "Partnership"

    Okay guys I am at school right now so I am going to type this in bursts, Not in one big rant.
    I've been running with my "partner now for almost 3 years. I am 16 he is 18. I mainly do auctions and some craigslist finds. We haven't really go back into CurbCo since school started back up. I find that I store all the "Take apart Stuff" at my house. Me and my dad disassemble it. Its our bonding time if you will. Well Here's the thing all my so called "Partner" does is go to the auction maybe load a couple things and then he is done. I do 80% of the work. All he does is ***** about the stuff in his yard and then wants me to clean it up. Its like screw off I have enough sheet in my garage to take care of. You cant get your lazy ass off the couch and do it. After all this we still split it 50/50

    We use his dads old car hauler. So I guess thats why he thinks its okay. So I think I am going to buy my own trailer and break away and leave his ass in the dust. I don't to ruin a friendship but this is how I make my money. I don't have an easy job like all the other kids, I work and I am **** proud of it.


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  3. #2
    JnJunk started this thread.
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    And I don't mean to come off selfish but really. Right now I have about 1000 dollars of non-ferrous in my garage that me and my dad took apart. So your telling me its right for him to just waltz in and take half.

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    You are ahead of the game JN. You learned "The partner lesson" at age 16.
    Money is not the root of all evil, the love of money is.

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  6. #4
    JnJunk started this thread.
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    I am just trying to focus my energy on getting a cheap trailer. I should have bought the one at an auction. It was a 16 foot enclosed channel trailer with a 7.3 diesel motor and trans sitting on it. Sold for $625

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    You should cut it off right now, you could use that $1000 to purchase a trailer and get going yourself. If the money from it isn't rightfully his than its ok for you to take it in and take the $. An alternative would be saying either you leave, or you can work for 15-25% earnings, and you'll give him more when he does more.

  8. #6
    JnJunk started this thread.
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    I mean he has his days but really, All the stuff came from auctions that he paid half for...... So I can't take it. I have enough saved up that I can get a trailer. I am going to focus on cleaning the garage and getting a trailer this winter. But if he doesn't shape up I am going to dump that load of Non-ferrous off and split. He doesn't realize that without me we wouldn't be making close to what we are. The one thing that does roll across my mind is that he would be competition then.

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    Its awesome to see another kid out there like me! I thought i was the only one..

    I was lucky to not start a partnership with anyone, so i haven't experienced that yet. I'd say that's a smart move to ditch your friend. 50/50 for practically doing nothing is not worth it at all. Take your dad curb co picking with you instead! That's your real partner, your dad man. I wish I could say the same, but I am the only supporter in the family of scraping which is why i do my operations sadly alone.

    Sure he might be your competition, but you gotta learn around it. Get out earlier before him, change your route you use to take with him, etc. Its amazing how much more you can pick up just going out a half hour earlier / changing up your routes. Eventually his laziness will get to him, he wont tear down stuff, and when he turns items in, he'll brake even. Then he will see its not worth it, and quit entirely. Then you get your neighborhoods back

    Trailers are selling good on CL right now because people want to make room and they dont use trailers in the wintertime.. Or you could find a cheap trailer from Harbor Freight.. idk their reliability, but they fold away when u need to store them.

    Live close to Erie, PA by chance? lf you need a partner id help

    Cheers
    Last edited by PickerBenny; 12-11-2014 at 07:31 PM.

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  11. #8
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    It's sad to hear people or friends that become business partners end up splitting. Either one becomes lazy, obsessive, money hungry, etc.. and puts a strain on not only the business relationship but any external relationship. If I were you, I would straight up tell him how it is. Another problem that eventally surfaces is lack of communication for whatever reason. If he doesn't see things your way or doesn't want to change or comes up with some other excuse or starts an argument over it, I'd end that relationship before it gets worse. I've been fortuate enough that my wife is my scraping parter. We've been married for five years and when I told her I wanted to get into scrapping electronics, she said she wanted to get into it also because it was something we could do together. We then brought in her brother, so now she handles the financial end of things while her brother and I go out to find the stuff, bring it back, scrap it out, and sell it.

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  13. #9
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    Quote Originally Posted by pjost View Post
    You are ahead of the game JN. You learned "The partner lesson" at age 16.
    YUP!
    Jn.. it is a sad statement to make but for some reason this business brings out the loafers, scammers and D-bags. I fell victim to it early in my car scrapping endeavor.. I wised up QUICKLY! I run my own rig, on my own time, my own dime.. and I get to keep all of it.
    Do a search on the forum about "partnerships" and you'll get an eye full!
    I'm so into scrapping.. When my Steel Toe Boots Wear out, I cut the Steel out of them and recycle the Toe!

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  15. #10
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    The only time I am in a "Partnership" is with my friend and that was really before I had my truck. The only time I use him now is when I need to move something big (Like a car) or heavy (Like a 400 LB copy machine), need a second truck, or I need to pull a trailer because my truck doesn't have a hitch yet. He's 6' 5" so it's nice to have him around considering I'm 5' 7". I only hire him once in a blue moon and we are good friends so we split it 50/50 after expenses, and he doesn't scrap so he's not competition. I will never go into a partnership with anyone full time because I like having complete control over my business, and I will only hire people.
    Made in China, Recycled in the Republic of Texas!

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    My .02...

    Dont lose a friendship over it... especially one that sounds like it has been around for years. Also, if your both scrappers independently if gives you something major in common. Dont lose the friend..but also dont bend over backwards for him.

    If you have enough room to store 1,000 worth of scrap I say go rent a U-haul for the day and bring it all in then use that money to get a cheap truck. Once you get that first hauler the sky is the limit =D

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  18. #12
    JnJunk started this thread.
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    I have a truck. Bought her before I got my license. 2002 GMC 2500HD W/T she is a pig, but boy does she pull. I could run a truck but running to a auction thats 50 miles away I NEED a trailer because 70% of the time we will load it full.

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    Honor the split you have in effect for the material you already have(I think you've already said you would).

    Go independent and keep him as a friend and partner up on occasion as needed. This will require you getting the equipment to go independent, again something you have mentioned.

    I avoid partnerships because at least one of the partners believes he does more work than the other. I have never heard of a partner who thought he did less work or contributed less to the partnership.

    A quote I have heard Dave Ramsey state "The only ship that won't float is a partnership".

    Problems in partnerships are universal not especially in the scrap business. I admire your work ethic at your age given what is taught in our government shools and in the media.

    Best of luck, Mike
    "Profit begins when you buy NOT when you sell." {quote passed down to me from a wise man}

    Now go beat the copper out of something, Miked

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  21. #14
    JnJunk started this thread.
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    I already feel more motivated after thinking about this. I am going to talk to my friend who sweeps at a body shop and see if I can get a in there with there scrap.

  22. #15
    JnJunk started this thread.
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    Quote Originally Posted by logansryche View Post
    It's sad to hear people or friends that become business partners end up splitting. Either one becomes lazy, obsessive, money hungry, etc.. and puts a strain on not only the business relationship but any external relationship.
    And I would say I am obsessive. Scrapping is my obession. It has to be done right and done efficiently otherwise I will not take part of it.

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  24. #16
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    Partnerships have never worked for me. I ended up having a falling out 1200 miles from home. I came this close to buying a car there so I wouldn't have to ride back with him. My finances didn't allow, though. It was a long, long trip back.

    ----------------------------

    You have a good truck, some space, and a man who will care (Your father). Find a cheap trailer, and get to it! You won't look back! As for competition, there will always be competitors. Do your thing as well as you can, and the rest will fall into place.

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  26. #17
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    Quote Originally Posted by JnJunk View Post
    And I would say I am obsessive. Scrapping is my obession. It has to be done right and done efficiently otherwise I will not take part of it.
    I concur, hope everythig works out for you.

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    Speaking of being lazy I can do that all on my own!!!!

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  29. #19
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    Here's a possibly worthless idea. But you never know.

    People thrive off of competition. It's in most of our nature. If you have the drive to succeed on your own, you compete with yourself and the world around you every single day, by choice. Challenge your "partner" to a 2 week stint of working separately to see who can make the most cash. Make the loser pay the winner $20 or $50 or whatever. Then if you smoke him, you keep all of what you did, plus a few bucks of his, and it might open his eyes a little too.
    Intellectual property has the shelf life of a banana - Bill Gates

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    The thing is, JnJunks partner is paying in %50 of the money needed to buy the metal in the first place.
    Then hes scrapping down the nonferrous and supplying the vehicle & trailer to take the metal to the yard.

    Theres nothing stopping the partner from buying all the metal and getting it to the yard easy like, and keeping %100.

    I don't have a vehicle to shift the metal to the yard, but I organise someone else to do it with their vehicle.
    I pay well for that service. It costs a LOT of money to buy & maintain a vehicle, plus the great trailer...
    For something thats only 20 blocks away I pay nz$20. Plus a bonus, last time it was a $10 extra, as I got more than I expected. So, $30 for that trip of 40 odd city blocks. Inc his time as driver.

    Well thats a great service doing that. And storing the Ferrous Iron.... And the 50% $ investment of his.
    When you started scrapping, could you have bankrolled the whole deal yourself? Transport included?


    Oh, its impressive you have your own pickup @ your age too.

    I dunno how you could do better in the short run. If both of you had not got together I'd expect you never would have gotten into scrapmetal in the first place.
    I have no real answer to your question. But id like to know what the vehicle owner gets for his input & overheads.
    Your Father... well thats saved you a bunch of time and effort, but, its only saved your time. Ie, work out what your Father should get out of your 1/2......

    And what $% is the ferrous compaired to nonferrous and hows the Ferrous stored and how much is there of it?

    My deal, I get scrap from a guy, I scrap it all down and keep the nonferrous and dispose of the rubbish that I generate.
    All the Ferrous metal I clean down too, then I return it to him. Plus, I give him all the Ferrous that I get, %100 of it. Even if it does not come from his scrapmetal......
    Thats covers the amount of 'weight' that I remove from his scrap pile.

    I pay all of my overheads, tools, time, storage etc etc. But I get %100 of the Nonferrous I find except if its something he can 'use' and sell for more than scrap value, but I don't 'handle' it, I just put it aside in a safe place for him.
    Last edited by eesakiwi; 12-13-2014 at 04:17 AM.


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