Quote:
Originally Posted by ItzaMe
That makes sense, we have already met lots of great people through this auction business.
Thanks for insight.
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Quote:
Originally Posted by DanielDudley
You have a business, but someone else is in control of the money. Anything on paper ? Do you know what ship is the hardest to sail? A partnership. Sooner or later, people's opinions on what is fair will differ. Usually you won't know that if you aren't on top of the books.
Don't quit your day job until your night job pays so much you can't walk away from it.
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Take this advice and set up an operating agreement with your partnership. Outline exit strategies, who controls the money, etc.
Don't do what I did. Trust me in that friendships are not strong enough to weather business partnerships.
I love my partner like a brother, and we have still managed to stay good friends, but I would never partner with him, or anybody again on anything. We have different ideas of how to operate .
When it comes time to make big changes/decisions, the waters start getting mucky .