Forums: Discussions for entrepreneurs and small business.

What is the general consent? Should you partner with another company when the workload gets to big to bear?

Or is the headache potential too great?

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"Celebrate, & Make Life an Occasion!" "Fall Down 7 Times, Stand Up 8"

It`s a big question..... I found I needed a partner with some of my projects,
but I sort an individual I already had relationship with. Already having trust,
as well as knowing the strengths and weaknesses took a lot of the risk out
of it.

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Pay The Price

My husband is a cabinetmaker. Two man shop. It is a very small community (the cabinetmaker community, not the community where we live), so they all know each other. One of my husband`s best friends also has a cabinet shop. They go back and forth all the time on jobs. If one is snowed under, the other might make the doors for a job. They treat it as a sale. If my husband makes doors for his friend`s job, his friend pays him for the doors, end of "partnership." Then, if need be, they`ll do it again.

But as Adam said, it`s someone he already knows and has a lot of trust in. As an accountant, I`ve seen too many partnerships go south. It has to be handled very businesslike, no verbal agreements. I have a lot more horror stories than successes, but the successes are really great.

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Pat Palmer
Accutrack Business Solutions
Working with You to Keep Your Organization on Track
407-957-4140