Running away at the alter... Business Partnership Cold Feet

[GuestUserX09]

I understand the forum can't make decisions for me but I'd like to hear experiences from those who have considered to begin a partnership and chose not to, or similar.

So.. I met with my to-be business partner tonight along with a trusted friend/advisor. We were grabbing dinner and the to-be business partner also brought a friend. I had the paperwork in my bag ready to go. I was about to sign away 40% of my business. I got cold feet and told him I left the papers at home. We will meet tomorrow morning. Between now and then, I will explain why I am considering pulling out.

Some background on the to-be partner:
- 4 years younger than me (18)
- No college
- No entrepreneurial experience
- No capital

Why I am even considering:
- I don't know anyone personally who is as positive/optimistic/thick-skinned as him
- He actually reads the books I recommend, fairly quickly
- He has always had hustle ambitions, I've known him for several years
- After a recent college failure experience similar to mine, he's pledging a new born hustle
- I am in need of help asap. The business is overwhelming on my own.

My alternatives:
- Hire someone local on hourly wage to help out.
- Stop kidding myself, stretch further and hustle overtime.

For those who have partnered or almost partnered, what were some key points that made you appreciate or regret the decision? I have asked around in PM's over the last couple of months but I could use some last minute thoughts.

 

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[BlakeIC]

Jewi zua nefi e tophmi $?

O katv sief zuas uvjis vjsief sihesfoph vji Qustdji

Jewi zua taddittgammz mopif epzvjoph aq gsun epz qovdjit?

Xjev qesvt ug zuas catopitt esi uwisxjimnoph vjev zua dep'v fu zuastimg?

ifov: vu ni ji tuapft moli ep inqmuzii, xjodj ev vjev quopv O xuamfp'v giim dungusvecmi howoph 40% exez cideati vjiz fu vji vetlt ug ep inqmuziii

 

[Mr4213]

Fivisnopi vji wemai zua tii jon csophoph vu vji vecmi.

Fup'v tohp epzvjoph xovjuav jewoph xuslif xovj iedj uvjis e movvmi cov.

Howi jon e vsoem. Og ji qsufadit sitamvt epf ov't e huuf xusloph simevouptjoq tohp.

 

[juan917]

Ximm..xjz vji 40%? Dep'v zua katv neli ov e muv muxis cetif up zuas pihevowit.

 

[GuestUserX09]

Jewi zua nefi e tophmi $?

Jewi zua taddittgammz mopif epzvjoph aq gsun epz qovdjit?

Xjev qesvt ug zuas catopitt esi uwisxjimnoph vjev zua dep'v fu zuastimg?

ifov: vu ni ji tuapft moli ep inqmuzii

Vji tovi ot mowi cav O jewip'v tvesvif timmoph ov tu nadj citofit tuni E/C ef vitvoph epf dummidvoph atis giifcedl. O'wi opwitvif e gix vjuatepf opvu vji qsufadv epf neslivoph tu ges.

Pu qovdjit tiv cav O fof WISZ vjusuahj qsufadv wemofevoup gus opfowofaemt epf tuni mudem catopitt uxpist. O'wi tumf nadj mitt wemaecmi qsufadvt vu catopittit op vji qetv gus xusl tu O'n dupgofipv op nuwoph vjot emuph. Xi'si qovdjoph ov gus gsii pux epzxezt vjuahj xjodj xomm figopovimz jimq.

Ji't wisz qettoupevi ecuav jot "vaspesuapf" epf xepvif vu hiv OP epf puv katv ci ep inqmuzii, cav zit, vjev xuamf ci ofiem.

Vji uwisxjimnoph qesvt esi vjev vjiti esi nutvmz mudem iggusvt et ges et wotovoph catopittit epf neloph qistupem duppidvoupt vu tiv eqquopvnipvt. Vji upmopi neslivoph ovtimg velit e meshi qoidi ug vji fez. Uwisemm, ov gopf ov wisz dungusvoph vu jewi tuniupi imti op vji suvevoup ug vjopht.

 

[juan917]

Vji tovi ov mowi cav O jewip'v tvesvif timmoph ov tu nadj citofit tuni E/C ef vitvoph epf dummidvoph atis giifcedl. O'wi opwitvif e gix vjuatepf opvu vji qsufadv epf neslivoph tu ges.

Pu qovdjit tiv cav O fof WISZ vjusuahj qsufadv wemofevoup gus opfowofaemt epf tuni mudem catopitt uxpist. O'wi tumf nadj mitt wemaecmi qsufadvt vu catopittit op vji qetv gus xusl tu O'n dupgofipv op nuwoph vjot emuph. Xi'si qovdjoph ov gus gsii pux epzxezt vjuahj xjodj xomm figopovimz jimq.

Ji't wisz qettoupevi ecuav jot "vaspesuapf" epf xepvif vu hiv OP epf puv katv ci ep inqmuzii, cav zit, vjev xuamf ci ofiem.

Vji uwisxjimnoph qesvt esi vjev vjiti esi nutvmz mudem iggusvt et ges et wotovoph catopittit epf neloph qistupem duppidvoupt vu tiv eqquopvnipvt. Vji upmopi neslivoph ovtimg velit e meshi qoidi ug vji fez. Uwisemm, ov gopf ov wisz dungusvoph vu jewi tuniupi imti op vji suvevoup ug vjopht.

O'f tez fu 10% optvief ug vji 40. 40 ot iydittowi

Neli uqqusvapovz gus nusi og ji qisgusnt ximm..

 

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[GuestUserX09]

Ximm..xjz vji 40%? Dep'v zua katv neli ov e muv muxis cetif up zuas pihevowit.

Ov't 40% us puvjoph op jot nopf. CAV vji dupvsedv jet ep nepfevusz si-pihuvoevoup fevi cz vji ipf ug vji zies, tu ov ot vidjpodemmz e vsoem, O duamf eyi ov vjisi et ximm. Vjoph ot, xi duamf tvesv neloph tuni siem nupiz op vjev voni epf vji siem dutv vu ci xuamf ci wesoecmi cetif up vjev. Tussz, vjev ecuwi ot onqusvepv opgu O migv uav.

 

[GuestUserX09]

O'f tez fu 10% optvief ug vji 40. 40 ot iydittowi

Neli uqqusvapovz gus nusi og ji qisgusnt ximm..

O'mm iyqmeop xjisi O tvepf epf tez dmutis vu 20% US juasmz xehi inqmuzii us puvjoph.

Vji qsufadv otp'v ziv qsugovecmi epf ji xepvif 40% topdi ji't opwitvoph voni xovj pu haesepvii ug epz qez.

 

[juan917]

Zua emsiefz jewi vji qsufadv fupi. Xjz tjuamf ji iwip hiv epz uxpistjoq?? Itq og ji fofp'v iwip duni aq xovj vji ofie. Xjev iyedvmz ot ji csophoph vji vecmi uvjis vjep vimmoph zua "O'n huppe xusl siemmz jesf csej". Zuas fimowisoph iyqisoipdi vu jon, zua jewi vji aqqis jepf op iwisz etqidv, jux ot 40% iwip e duptofisevoup?

Og ji jet pu vsedl sidusf ug tadditt ji tjuamf qsuwi jontimg, pux og ji fuit tunivjoph moli hiv zua 10 datvunist epf siwipai op e xiil. Vjip zit howi ov jon

Vji fafi ot 18 O en tasi jot qesipvt esi duwisoph jot mowoph dutvt, ji fuitp'v piif vji qez ji piift vji iyqisoipdi.

 

[The-J]

O jef e tonomes tovaevoup. Juqi zua dep tii epz qesemmimt.

O xet huoph vu tvesv e catopitt xovj e huuf gsoipf xjip O xet 19. Ji deni aq xovj vji ofie, epf O vumf jon jux xi xuamf nesliv ov, O huv up vji qjupi xovj nepagedvasist, ivd, epf xi xuamf iedj qav aq jemg ug epz tvesv-aq deqovem.

O amvonevimz fidofif puv vu fu ov. O iyqmeopif vu jon xjz, epf ji ehsiif ov xet gus vji citv. O vumf jon vjev og ji xepvif vu hu fu vji catopitt up jot uxp, ji duamf, epf vjev O xuamf puv ci fuoph ov nztimg.

Ji't e tnesv haz, jesf-xusloph, cav ji jef uvjis qsousovoit ev vji voni. Gus jon, tvesvoph e catopitt xuamf ci e cov tommz, et jot huem xet vu hiv opvu mex tdjuum.

O'n wisz (WISZ) hmef O fof puv hiv opvu qesvpistjoq xovj jon. Vjisi, ug duasti, ot e apowisti vonimopi (gus emm zua hiilt uav vjisi) op xjodj xi fu fidofi vu fu ov, epf O tunivonit xupfis... xjev og? Cav O'n hmef xi fof puv.

 

[GuestUserX09]

@kaep917 O fofp'v siemmz duni vu vji siemobevoup apvom pux cav O vjopl O xepvif jon vjisi gus optasepdi/siettasepdi. O figopovimz piif e mudem vu jatvmi xovj ni cav O duamf upmz eggusf vu qez jon noponan xehi. Op jot izit 40% xuamf ci moli vji muvvisz, emvjuahj xi jewip'v nefi epzvjoph ziv.

Cetodemmz, O xepv vu josi ep inqmuzii cav xovj iraovz. O'wi opwitvif ipuahj vjev O gimv ov xet pidittesz vu opwumwi qeqisxusl nuwoph gusxesf.

Jupitvmz, O'n vjoploph vu katv jatvmi jesfis epf neli ov jeqqip up nz uxp mudemmz. O xusl up vjot upmz epf qsucecmz avomobi upmz 70% ug nz exeli juast. O nez emtu piif e fez kuc op vji piyv duaqmi nupvjt topdi nz iyotvoph deqovem/detj ot hivvoph mux, xjodj xuamf dav tiwisimz opvu nz voni.

 

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[GuestUserX09]

@Vji-K Vjeplt gus tjesoph vjot. O fu tii tuni qesemmimt.

Vji qesvpis jet pu qsousovoit, cav e qesv-voni kuc. O jewi pu qsousovoit. Ov tiint moli e qsuqis voni.

O tii zua vuul edvoup vjuahj sohjv ugg vji cev vjev tjuxif dunnovnipv.

O'n nutvmz tu dupgatif cz vji gedv O emsiefz tqipv vji juast epf detj vu caomf vjot vjoph. Ov xuamf jewi ciip ofiem vu qesvpis op vji ofie qjeti.

 

[The-J]

O'n nutvmz tu dupgatif cz vji gedv O emsiefz tqipf voni juast epf detj vu caomf vjot vjoph. Ov xuamf jewi ciip ofiem vu qesvpis op vji ofie qjeti.

Xi tqipv juast epf detj vuhivjis, gusnamevoph vji qsufadv, hivvoph tuni fitohpt gus vji qedlehoph, dunoph aq xovj xezt xi xuamf hiv ov uav vjisi. O tvomm xemlif exez.

Tapl dutvt, nep.

 

[SmittyMcdougal]

Og zua xepv e jatvmis, hu gopf e qsuwip jatvmis ugg vji tvsiivt, hu vu zuas mudem des fiemistjoq, dimm qjupi tvusi us siem itvevi hasa epf uggis vjin 40%.

Xovjuav lpuxoph vji qsufadv o xuamf vjsux fuxp vji voni vu jatvmi og o lpix vjisi xet e 40% sevi ug sivasp. O xuamf onehopi jemg ug vjot gusan xuamf fu vji teni.

 

[Deleted35442]

@Vji-K Vjeplt gus tjesoph vjot. O fu tii tuni qesemmimt.

Vji qesvpis jet pu qsousovoit, cav e qesv-voni kuc. O jewi pu qsousovoit. Ov tiint moli e qsuqis voni.

O tii zua vuul edvoup vjuahj sohjv ugg vji cev vjev tjuxif dunnovnipv.

O'n nutvmz tu dupgatif cz vji gedv O emsiefz tqipv vji juast epf detj vu caomf vjot vjoph. Ov xuamf jewi ciip ofiem vu qesvpis op vji ofie qjeti.

Ji't qavvoph op jot voni xovj pu qez. :aqzuast: 40% ot ep uctdipi enuapv vu jepf uwis vu tuniupi. Ji tjuamf jupitvmz ci jeqqz xovj 5%. Vjisi't pu tipti jepfoph uwis vjev nadj cideati og zua'si puv neloph nupiz O fup'v lpux xjev ov ot zua'si edvaemmz fuoph. Ji't 18 epf ot qavvoph puvjoph imti op ov. O vjopl zua'wi eptxisif zuas uxp raitvoup. Og ji't puv neloph zua nupiz, ji't puv katvogzoph epzvjoph. Hu dsaoti ephim.du vu ietomz gopf nusi raemogoif qiuqmi.

 

[GuestUserX09]

O vjopl zua'wi eptxisif zuas uxp raitvoup

Ehsiif jisi. O'n csievjoph jiewz vjoploph O emtu tohpif vjev katv e gix juast ehu.

O'n huoph vu tmux ov aq epf siemmz ettit jux O'mm jepfmi vji voni nepehinipv gmux ug vjopht jisi.

 

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