"Partnership" - Page 2

Actually I started the whole scrap deal from a bag of aluminum cans. The only reason he got involved was because of the use of the trailer. I know for a fact I could handle what we have. I am right now. I handle all the non ferrous and 70% of the ferrous transport to the yard. I plan to buy a trailer and get my dad involved more than my partner. Right know we are waiting out the price drop and storing to get through the winter. And to the remark above about the "Challenge" I know I could smoke him because I know what I am doing. His way of taking things apart is a 10lb sledge. And if that doesn't do it comes down to me.

It seems, you are both making money from scrapmetal, in different ways.

You are 'adding value' to the scrapmetal because of how you break it down. Thats what I do too.
Since you are doing that, and handling most of the transport (how do you work that out $ wise?).

Yup, you are moving away from needing another person and covering it yourself.
Its not his fault, you are just more 'into it' than he is.

Quick question. You said he has material bought with both your money sitting in his yard. How much do you think he has at his place? Over or under 1000 dollars worth? I hope you see where I am going with this. Do it on your own your way. 16 and already having problems. What's going to change the partner?

Originally Posted by PistoneScrapProcessing

Quick question. You said he has material bought with both your money sitting in his yard. How much do you think he has at his place? Over or under 1000 dollars worth? I hope you see where I am going with this. Do it on your own your way. 16 and already having problems. What's going to change the partner?

Under. I know though there is about 7 sump pumps hiding around their somewhere

Tell him this you are done being partners with him and ask him how much to buy out his part. If he owns trailer maybe try to include in the deal? The only way u could end that bad for yourself is if he wants more than half. Than state you will only give him half.

just wanted to say that around here, the driver always gets half. even if he didn't add one thing to load. take everything in and split it. that way he can never say he got ripped off

Well my post in this thread vanished..must be cause..I'm successful with a partner.



Maybe someone else has a copy of it, but my posts are custom I couldn't recreate one if I tried.

LOL

Sirscrapalot - Still unique like a snowflake.

I see alot of people here slamming partnerships. I think that is a little harsh. You must consider the parameters of the partnership ahead of time or modify the relationship to make it worth the time to both of you. A partnership is TWO people working together to help one another. I have a friend and we split a shop/storage. I do my work, he does his work. If he needs help, I help him and get paid. If I need help. he helps me and gets paid. It is a much more floating relationship other than the agreement on the share paid for on the shop. In my opinion, an ongoing, never ending 50/50 split on income is a little unreasonable, but there still may be a compromise that benefits you both. Perhaps a job that would be better worked with two could be split, but ongoing scrapping could be handled by each on their own without creating any ill will.

Hey..another with a working partnership.

Good for you T2.

Welcome to what is a small club from what I gather.

Huzzah we're growing.

See people? Not all partnerships turn into the ex-wife from hell.

Sirscrapalot - Burn me once, shame on me. Burn me twice..shame on you. Burn me three times an I"ll punch you in the nose. - Inspired by "Punch'm in the face!" Hypo.

I have had a partner in my painting business for over 10 years. It's by far the best move I made. We both bring different skill sets to the table. However, even though we are brother in-laws we have a legally binding agreement that defines each of our roles in the company. Hand shakes are a great and novel idea, but when comes to business "Get it in writing". Cut through and questions about who does what. Being able to take off and relax and know my business is in good hands is priceless.

Originally Posted by Metalbestos

I think the problems with most partners are caused by feelings of resentment when one feels they are doing a majority of the work .
This seems to be the case here . The op feels like he is selling himself short . What he needs to understand is that he would only have half of what he has if he was not receiving the financial support from his partner . That and the trailer seem to be the only thing tying him to this agreement . Most partnerships end because one half feels they could do more alone.

I've tried the splitting thing I finish my load and then I just have to take his and finish it. Whenever he is around I feel like he just slows me down. Things would be better if I could just expand and work my way.

Originally Posted by JnJunk

I've tried the splitting thing I finish my load and then I just have to take his and finish it. Whenever he is around I feel like he just slows me down. Things would be better if I could just expand and work my way.

Sounds like nothing is stopping you but hesitation. Find a way to part where your both satisfied and then move on! You seem like a hard worker, so even if you take a little bit of loss it won't take you long to recoup it. Communication is the key to a successful partnership, without it it's doomed to fail. Good luck! Keep scrapping!!

My opinion is break off from him or make it so what ever u take apart u get the money for this way you get what u deserve

Always better to be ur own boss i started in 07 selling 2 cats from a bronco and havent looked back since any? Feel free to hit me up

I watched many friends and family with a partnership go down in flames over seemingly minor disagreements that took on a life of their own. Had the details been worked out in writing ahead of time things likely would have worked out. Time to move on in a way that will salvage your friendship, however in a discreet way try to find out what he is spending gas, vehicle maintenance, insurance etc..... That way you know exactly what you will be facing for costs when he is no longer a partner.

Seriously consider hiring a helper when needed for big projects. Upfront make it perfectly clear on what you expect, what defines your ideas of a job well done , and what you will pay. I will never "partner" with a friend or family member, yet i will help them out for fair agreed upon pay. No surprises and we all win.

Lastly, the time you get "working" with your dad is worth more than anything you scrap.