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]]> By: Anonymous https://startupsanonymous.com/question/how-should-i-respond-to-a-partner-not-contributing-as-much-as-they-should/#comments/12061 Thu, 16 Mar 2017 21:49:36 +0000 https://startupsanonymous.com/?p=375#comment-12061 I’m in a similar situation.

— 2nd generation family business

— owned and operated by 3 brothers for 20+ years

— construction department is run jointly by brothers 1&2

— maintenance department is run by myself

— over the last 10 years I expanded maintenance department 3x and now produce 70% of total income.

— Compensation between brothers has always been equal.

Time for a change I think but we all see it differently. If we can’t come to some agreement I’m afraid the business will need to be split up.

Family makes it all the more difficult.

We plan on seeing a family business consultant.

Does anyone have experience with something similar.

Thanks

]]> By: Anonymous https://startupsanonymous.com/question/how-should-i-respond-to-a-partner-not-contributing-as-much-as-they-should/#comments/11998 Wed, 08 Feb 2017 22:28:40 +0000 https://startupsanonymous.com/?p=375#comment-11998 In reply to Anonymous.

This only works if the partner is willing to listen. I’m scouring my partnership agreement right now to see how I can force my partner out.

We have a pretty tight knit agreement, and had it signed long before we went into our partnership.
I’ve had several “coming to jesus” talks with him regarding his work ethic. Last Monday he said he couldn’t “handle working 40 hours a week and only getting paid for 20.”

It’s not douchey to want to get what you worked so hard for. I think he’s under the impression that he’ll get 20% of the profits without having to do anything of the work. Despite me specifically saying in November (2016) that if I’m the one picking up the slack, and I’m the one in charge of the finances, when it comes down to him getting his 20% equity – 20% of nothing is still nothing. I blatantly told him to get his act together, or I’ll just spend an extra $1000 on marketing so the profit at the end of the month is minimal.

Too far in, and growing too much to dissolve and start over at this point.

]]> By: Anonymous https://startupsanonymous.com/question/how-should-i-respond-to-a-partner-not-contributing-as-much-as-they-should/#comments/8937 Tue, 10 Mar 2015 14:32:42 +0000 https://startupsanonymous.com/?p=375#comment-8937 I have gained so much by reading these comments. I am considering going into business with a friend. A week into the hard work, she decides to ignore all business related emails and respond to everything else that I’ve sent her (social and work related) She really understands my vision. I guess that is why I want to work with her. I just dont trust that she will be committed to this venture at all times. A contractual agreement detailing our expectations of this partnership sounds like a plan but there is a part of me that is telling me to cut her off completely before its too late. I think I know what to do now after reading these comments. Thanks!

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