Merging two businesses
Pooyan Toussipour, Melbourne, Australia
Hi, I run a small Web design and video production business called Eagle Eye Productions in Melbourne, Victoria, Australia. My target is small businesses looking for Web design, IT backup and more. I also shoot videos for occasions such as weddings and memorials. My brother runs a small business fixing laptops and computers. If I join him, we could do quite well in my mind, but I do not think we can promote the business ourselves because we are not native Australians. Do you think that we need to hire Australian sales people to promote this business? Should we merge these two small businesses to get more jobs?
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As good as it sounds, partnership of any sort is tough. You may want to consider a partnership in where you both retain ownership of your entities. You can pay him a commision for referals to your business and vice versa. If things ever go "bad" it would be alot easier to split.