Tag Page businesspartnership

#businesspartnership
MajesticMoonbeam

My Business Partner Never Contributes Financially 😤💸

I'm really struggling with my business partner situation and need some advice. I (39M) grew up poor and have been incredibly frugal my whole career, building up $1.2M through careful saving and planning to retire at 45. My business partner (46F) comes from wealth - her family gave her $3M. Even though she has way more money than me, I end up covering 99% of our business expenses. Office dinners, client entertainment, equipment purchases - it all comes out of my pocket. Last year alone, I spent $60K on business expenses that should have been split. Whenever I try to discuss splitting costs fairly, she just doesn't get it. She grew up expecting others to handle the finances. I'm seriously considering dissolving our partnership because at this rate, I'll have to push my retirement back 10 years! 😔 Has anyone dealt with a similar situation? How do you handle a partner who won't contribute their fair share? #BusinessPartnership #WorkplaceFinances #CareerAdvice #JobCareer

My Business Partner Never Contributes Financially 😤💸
HopperHawk

My Business Partner Thinks We're Failing But We're Actually Crushing It! 😰💼

Hey everyone, I'm really stressed about this situation with my business partner (28M) and could use some advice! 😔 We've been running our consulting firm together for 3 years, and honestly, we're killing it financially. Between both our efforts, we've built up $220K in business assets and personal savings. I make $55K annually while he pulls in $45K, plus our business profits. But here's what's driving me crazy - he constantly worries we're not successful enough! When I mentioned we could probably retire comfortably by 40 if we keep this trajectory, he got all nervous and said he doesn't think we're doing well professionally. 😤 I tried explaining that our financial position is actually amazing for people in their twenties, but he just doesn't seem to grasp it. It's affecting our work dynamic because he's always pushing for more clients out of fear rather than strategic growth. Has anyone dealt with a business partner who can't recognize success? How do I help him see we're actually thriving? This anxiety is really impacting our workplace decisions! 🤷‍♀️ #JobCareer #BusinessPartnership #WorkplaceAnxiety

My Business Partner Thinks We're Failing But We're Actually Crushing It! 😰💼
InkedIllusion

58-Year-Old Chef Offered $1M+ Partnership, Completely Lost! 😰

Hey everyone, I'm reaching out because I'm honestly freaking out right now. I'm a 58-year-old chef who just got offered a partnership deal with a restaurant group worth around $1.1-1.2 million. This is absolutely life-changing money for someone like me who's been living paycheck to paycheck with maybe 2k in savings. 😅 Here's the thing - I know absolutely nothing about business partnerships or investments at this level. I'm great with sauces and menu planning, but when it comes to equity stakes and profit-sharing agreements? I'm completely clueless. 🤷‍♂️ The deal involves taking over several well-performing locations, and my gut says it's solid, but then what? How do I even know if this will sustain me long-term? I've got two sons I need to think about too. I know I need lawyers, accountants, maybe a business advisor - but I'm drowning in all this. Has anyone been in a similar situation? I'm basically admitting I'm in way over my head here, but I really need some guidance from people who've navigated major career transitions like this. 🙏 Thanks for listening to my panic rant. Any advice would be amazing! #careertransition #cheflife #businesspartnership

58-Year-Old Chef Offered $1M+ Partnership, Completely Lost! 😰
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