4 Years In

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Jan 13, 2006 8:56 am

I am 4 years LOS and did 250k last year, 30 y.o. Do you think it makes sense to go into a partnership with someone (similar age and gross) or continue on my own?  When does it make sense to go into a partnership (i.e.-1+1=3)?

Jan 13, 2006 9:00 am

frumhere,


Why are you considering a partnership?  What will it accomplish for you and your clients?  How do envision running the partnership?  How will each of you handle the others clients and new clients/assets as the come in?  How are you set up currently - b/d, office, costs etc?  Where is this partner affiliated?  How does each of your business models work with each other?

Jan 14, 2006 11:13 am

If your prospective partner can add something such as his strenghts are your weaknesses then why not. But if he/she brings nothing to the table other than additional gross and the same business as you I would say stay by yourself.