Comments on: How to shed a deadbeat partner http://smallbusiness.blogs.cnnmoney.cnn.com/2008/05/29/how-to-shed-a-deadbeat-partner/ Editors from FSB magazine answer your pressing small-business questions. Thu, 05 Nov 2009 16:07:19 +0000 http://wordpress.com/ hourly 1 By: Liad West Hills,CA http://smallbusiness.blogs.cnnmoney.cnn.com/2008/05/29/how-to-shed-a-deadbeat-partner/#comment-648 Liad West Hills,CA Sun, 01 Jun 2008 00:13:46 +0000 http://askfsb.wordpress.com/?p=317#comment-648 Having been through this many times and watched friends go through I know that every stituation has it's unique dynamics.The one constant is you.You must decide how much energy you are willing to expend and at what expense.I have watched many friends lives come to a halt because of this stituation.There is a old proverb that says something like "Sometimes you must lose a battle to win the war".I am not saying turn your back and let them walk away but emotions should have no bearing in negoations or concessions.Good Luck!! <a href="http://www.custom-silver-jewelry-by-liad.com" title="ByLiad.com" rel="nofollow">Byliad.com</a> Having been through this many times and watched friends go through I know that every stituation has it's unique dynamics.The one constant is you.You must decide how much energy you are willing to expend and at what expense.I have watched many friends lives come to a halt because of this stituation.There is a old proverb that says something like "Sometimes you must lose a battle to win the war".I am not saying turn your back and let them walk away but emotions should have no bearing in negoations or concessions.Good Luck!!

Byliad.com

]]> By: PS, San Antonio, TX http://smallbusiness.blogs.cnnmoney.cnn.com/2008/05/29/how-to-shed-a-deadbeat-partner/#comment-645 PS, San Antonio, TX Sat, 31 May 2008 20:18:55 +0000 http://askfsb.wordpress.com/?p=317#comment-645 Mandy, Just because you own the business 50/50, doesn't mean that you should get paid the same amount. Anyone (including shareholders) that do work in the business, should get paid for their work. So if you are doing more work, you should be getting paid more. That doesn't have to change your partnership; anything left over at the end of the year should be distributed to the partners 50/50, or however else you agree. I think it is a common issue in small businesses to not differentiate between dual roles as "employee" and "shareholder". But it is critical to potential growth because your role as an "employee" will vary over time (e.g. if you hire a manager to take over some of your current duties when you expand to another location, and you start focusing more on a different aspect of operations.) If she is burnt out, she may welcome an offer to let her be a silent partner, and agree for you take a reasonable salary for the work you are doing, before any profits are distributed. Mandy,

Just because you own the business 50/50, doesn't mean that you should get paid the same amount. Anyone (including shareholders) that do work in the business, should get paid for their work. So if you are doing more work, you should be getting paid more. That doesn't have to change your partnership; anything left over at the end of the year should be distributed to the partners 50/50, or however else you agree.

I think it is a common issue in small businesses to not differentiate between dual roles as "employee" and "shareholder". But it is critical to potential growth because your role as an "employee" will vary over time (e.g. if you hire a manager to take over some of your current duties when you expand to another location, and you start focusing more on a different aspect of operations.)

If she is burnt out, she may welcome an offer to let her be a silent partner, and agree for you take a reasonable salary for the work you are doing, before any profits are distributed.

]]> By: Murali, Trivandrum, India http://smallbusiness.blogs.cnnmoney.cnn.com/2008/05/29/how-to-shed-a-deadbeat-partner/#comment-639 Murali, Trivandrum, India Fri, 30 May 2008 06:04:26 +0000 http://askfsb.wordpress.com/?p=317#comment-639 Dear Mandy Hinrichsen, In my personnel opinion you please stop investing in the current unit anymore and start a unit in single ownership in another location and tell her that business is on expansion and you concentrate on second unit. By doing so your partner will herself concentrate more on business because it is her bread and butter. Dear Mandy Hinrichsen,

In my personnel opinion you please stop investing in the current unit anymore and start a unit in single ownership in another location and tell her that business is on expansion and you concentrate on second unit. By doing so your partner will herself concentrate more on business because it is her bread and butter.

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