partnerships = yey or ney
 

What does everyone think of full partnerships? The type where all profits and expenses of business are split 50/50?

Are you already partners with someone? Were you? Why not anymore?

What about partnering up with a family member? Any views or experiences?

Hope to have a good discussion on this topic

you go with family, you'll get fucked

never tried it, and no matter will never

Never go into biz with family.

Some partnerships work great, some turn into nightmares.

Personally I think they a great way to expand your wealth and have others sharing the workload. You can only do so much yourself after a while and most guys don't want to work as hard as they get older so if you partner with some young energetic guys you can front the money and let them do the work.

i just made my sister a 50/50 partner with me for our mainstream wedding planning site.

shes a Wedding Planner, I know how to build websites; together, we're making one kick ass site with advertising all over it.

split the profits 50/50. :thumbsup

awesome!

best of luck :thumbsup

partnership sucks... i have averaged only $27 per "signup" with those progrmas (including rebills) in the past 2 years

compare that with $35 on regular programs... :2 cents:

fuck partnerships.

Why would I get fucked in family partnerships? At least the money stays in the family. I myself would never enter a partnership with someone outside of the family, it just doesn't work out. With family, you can be sure the money and ideas stay in the family. I am talking about brother sister brother brother sister sister type of partnerships, not with parents. The same age group, the same ideas, and the less likeliness of them fucking you over. Plus if they do, they are always there to lend you money

Sometimes things get to busy, to stressful, or you need a vacation. You need someone you can trust with money to take care of the business and to kick you in the ass when your slacking off. And what about all those incomplete, ill get to it soon, projects that you have going on? Imagine having a partner to help make them happen without putting them to the side until theres no more money in it?

lump

It all depends on the situation... :)

DH

Many advantages and disadvantages, you can easily make 4 times your income with 2 people doing the job of 20 people rather then 1 person doing the job of 5. Anyone have any bad partnership stories?

if you want to have business and it involves of partnership, you must first know your partner , know him well there are disadvantages and advantages when it comes to partnership.

partnerships suck

big nay, if you want something done right, you do it yourself.

never do a partnership with family and business mixed

I guess it depends. I used to say the same thing, partnerships suck, and never work out, but now I am in the stage where I am getting bored of what I am doing and start getting lazy, and need someone else with me for help and motivation so the cash keeps flowing in

this is true thats why you hire people to do sales and marketing

50/50 never works. I would never get into a partnership with anyone unless I had controlling interest. However from my experience partnerships in the family tend to work well, as long as you're close, but still, one of you has to be the designated boss. :2 cents:

Third party sales and marketing yes, but when it comes to putting an employee/friend in an office to answer emails, answer calls, do accounting, make and submit websites, etc, nothings preventing them from seeing a one man army making $$$ and starting their own little internet venture.

There is only so much you can do by yourself. If you want to put money making to its fullest potential, you will need to hire in-office people for help. Many more things can be done with 2 people and if money is both of their #1's then the work of 20 people can be accomplished.

Hiring someone to help you out with in your home or office who has the ability to see what sales and income is coming into your business can be a death trap

moo

I agree with having one person being the designated boss, however, by splitted profits 50/50, your partner shouldn't have a reason to ditch the partnership, which is the last thing you want. By keeping it in the family, if the partner cheats the business, you can just beat him/her up and tell him not to do it again or you will fine him.

Everyone gets lazy sometimes, there is no doubt in my mind that with the right partner and partnership, you can generate at least 4 x your income

if you have a strong confiidence with your partner you dont have to worry but if not , youre so sorry. might as well stop your business partnership.