First up lulu - awesome for you to make this decision!
DH ahs recently started his own business as a sole trader, and even though that is kicking off, he has decided to go into partnership in another business, doing baiscally the same thing, with soemone he KNOWS.
One MAJOR thing that they are doing is to set the bsiness up as a trust - so that if one of them screws up, the other will still be fine.
They are getting some pretty good legal advice so I would advise for you to do the same thing - if you can find the right person!
Kitt3n - this decision comes not from awesomeness but an awareness that I really hate being told what to do
I think I may find it a bit harder to find someone I know, even if it seems to be the best way to go. Out of all the girls (15) in my business there were only 2 that were proactive enough to do what needed to be done and didn't need to be asked. The others were good workers but had to be checked on, worked with, given extra attention etc. Im happy to employ people of needed, but I'd rather have someone that could contribute more iykwim?
I don't think that going into partnership is a bad idea. Especially when you have a young family - it would be great to have somebody to cover for you when your kids are sick or for a holiday etc.
But like you said, could be hard to find the right person.......good luck, what an awesome decision. I'd love to do something like that (hate being bossed around too!) but not sure I'd have what it takes.........good on you!
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