I started my own design and marketing business over 7 years ago. I have been a 1 woman band ever since and it has been more than successful, which I am really proud of!
In order to enhance and grow my business even more, I decided to get a business partner that evidently has social media skills as well as websites and coding. Another huge advantage is the fact that she has many high-end contacts that she could use to her advantage.
After many discussions, we agreed that I was to sign over 50% of my business to her which she will “pay” for in a means of reaching set targets to grow the business within a year.
We are 2 weeks in and already have PLENTY of disagreements and she also has not gotten in contact with any of her business contacts as discussed.
Our partnership agreement has not yet been signed as there was a very long delay on her end as well as she gave a 3 month notice at her previous job and also told me she was going away for 2 weeks before starting to do business with me.
I am so worried that I am making a mistake and that this new partner is going to ruin my existing business!