-I would say that you have put a lot of thought into what you want out of your life ( and a partnership) and that you seem to be on the right track for what you want to do. I only brought up the partnering idea to see if you could get some more capital into your operation so you could grow, if you want to.Originally Posted by oakman
Speaking from some recent experience with a business partnership...you have to be very selective of who you partner with and make sure they are looking out for the best interest of the partnership and not only their best interest. I won't go into all the gory details but the person I partnered with recently was a person who, unfortunately for me, was looking out more for his financial growth than for the health of the business he was a partner in.
I too have been thinking and rethinking the whole growth process for my business and have come to the conclusion that it is a very risky step. If you do go into business partnership with someone there are two ways that it can go. The person can be a working partner, sharing the work load and the financial reward and or losses or they can be a silent partner who basically allows you to be the boss and only helps out in a financial way when needed but will expect to be reimbursed, with interest when you are making money.
My professor in college espoused the following one day in class "A good business partnership is like a marriage without the sex" "You have to both be able to know what the other is thinking and to be of one mind when it comes to the goal of your partnership" "you can both have very different ways of doing things and much differing views but you must come together when it counts" "You have to trust the other partner and know that they have the best interest of the partnership at heart in what ever decisions they make" If you can't find someone like this it is probably not a good idea to go into partnership with them.
As to your time problem. Hopefully a business partner will be able to do some of what you are currently doing that is not the best use of your time and allow you to do what you do best. They can also ease the work pressure by working on things like promotion and marketing when you are tied up with the clients.
Another thought....Partnerships don't have to be full time and you may find someone that is willing to put in time and contribute financially based on working part time with you if they see the rewards are worth the time envolved.
Hope some of this helps.....!