When I bought my business, the best advice I ever
by Dillon301 (2013-07-23 11:31:50)
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  In reply to: Need some very broad business advice. (Long)  posted by Papa November



received was not to have partners. This came from the seller, my accountant, and my attorney. 14 years later, they were right hands down. This is a marathon, not a sprint. So it takes a few years more to grow - but it is all yours.

Lot's of disastrous things come with partners - even good ones. Someone could get divorced and the ex-spouse gets half of her business share, and then marries a psycho communist who wants to milk her share. Or, even more likely, after 5 years, you guys just have different objectives and the business becomes strained.

Unless you need it to survive, go on your own.


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