Business Partner advice needed

By Clarab
Published 6th March 2012 | Last comment 8th March 2012
Comments
The problem is though although you both own an equal share of the business your input is 97% compared to 3% of your partner, sooner or later there is going to be one almighty arguement between the 2 of you. I think you both need to have a serious meeting now before things escalate. Personally If it were me I'd weigh up what my financial obligations were, then pull the plug on the business and start afresh but keep in control even if you take on another partner, just give them a much lower percentage.

Thanks,
Barney

Steve in regards to the threatening to fold that could be something which may not work out; what happens if his bluff is called?

That's just me, I'm a bit of a hot head, so would go on the attack In this scenario Clareb has the winning hand, she is the business, and has the contacts.

I get it that I have been taken advantage of. I

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

forum avatarClarab
8th March 2012 9:26 AM
Well, I took everything that you have all said to me on board and held my stance. He is putting a little, and by little I mean little, bit more $ into the business until some of our clients money is due from progress payments. He did give a little rant and I told him that I couldn't do any more than I was doing though he stated he wasn't blaming anyone but he just wasn't goin to keep putting his hand in his pocket. He is an investor, not a worker.

I've also convinced him that we need a printer ourselves and someone to do it all and he has agreed.

Stranger things have happened!

What you guys did was give me the confidence to state my case and I felt good doing it. I'm in my 50's and not used to dealing with corporate type business people. I've learn't a valuable lesson and realise now that I've been very naive. Thanks to you guys I am going rethink where I stand and use some more assertiveness. Things can only get better and hopefully when things pick up I can buy him out.

Thanks again for all your advice.

Sometimes you know deep down you're right, but you just need a few others to remind you of that, and that you are not going bonkers, that you are not being mean or unreasonable, and when you feel better about that, it will give you more confidence in yourself. Rinse and repeat and you will get stronger.

indizine
indizine

Well, I took everything that you have all said to me on board and held my stance. He is putting a little, and by little I mean little, bit more $ into the business until some of our clients money is due from progress payments. He did give a little rant and I told him that I couldn't do any more than I was doing though he stated he wasn't blaming anyone but he just wasn't goin to keep putting his hand in his pocket. He is an investor, not a worker.

I've also convinced him that we need a printer ourselves and someone to do it all and he has agreed.

Stranger things have happened!

What you guys did was give me the confidence to state my case and I felt good doing it. I'm in my 50's and not used to dealing with corporate type business people. I've learn't a valuable lesson and realise now that I've been very naive. Thanks to you guys I am going rethink where I stand and use some more assertiveness. Things can only get better and hopefully when things pick up I can buy him out.

Thanks again for all your advice.

Good luck. Please let us know how it goes for you.

Accounting Help

Great news and sounds very positive

I hope everything works out for you, as Accounting Help says, let us know how it goes.

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

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