Quote:
Originally posted by Sambuka
The problem comes from when 1 person does more work and the other starts living life, your doing 14 hour days and there doing 2-3 hours 5 days a week.
|
I'll second that, I was in partnership in a non adult venture a couple of years ago.
It only takes so long before one partner ends up putting in more effort than the other, thats when the partnership begins to crumble away, you think its not such a big deal at first but it eats away at you and your motivation and you will start to become bitter when your still dishing out an even share of the income and you know you did most of the work.
So many people in business warned me not to do the partnership thing, but the more that warned against it, the more determined I became to go ahead and make it work.
The fact that I was doing the webmaster job by night/weekend and holding down a full time management job whilst setting up the mainstream business on the side, made it difficult to manage it alone, so I thought about talking on a partner.
I thought I had the perfect business partner, she was skilled in the types of things required by the business and had studied similar stuff at university a few years previous, I thought I knew her fairly well, and I had worked with her for over 18months, she was a decent worker.
She was laid off from our workplace by upper management because of a downturn in the indusrtry and because I had been pondering a new business setup to diversify my income from the Adult stuff I decided then was a good time to approach her with my ideas.
Seeing as she was now out of a job and had lots of free time, it seemed to work out perfect. It was also an occupation she had always wanted to get into.
Anyway, 2 years and a shit load of stress later, It was obvious that the partnership had to end due to the typical problems experienced with partnerships.
I didnt like it but everything these other business people I knew had warned me about had just happened to me too.
I ended up paying her out based on the average hourly wage for that industry X how many hours she had worked and hadnt been paid for yet.
As we had re-invested money make into the company to help it grow, After she was paid out, there was nothing left for me except the stress of having to then sell the buisness.
I ended up selling it a girl that had also studied in this field and wanted to start her own business, she has taken good care of the customers and works hard so the business lives on with no hard feelings there.
Unfortunately its hard to say the same thing about my ex-business partner, when we started out we were great freinds now we hardly speak and when we do, its quite an uneasy situation..
I dont think I would ever go anywhere near another partnership again.
If you must do it, make sure you at least get something out of it and that you will not be out of pocket one cent if it goes sour.
Many people I spoke to lost money in partnerships, I was lucky I guess that I walked away clean but it took a toll on my health and my family. During and after the partnership I came to realise that these things were much more important than making money.
Be carefull !
