Partnership or sole trader?

[graham1708]

Hi all,

Just want to know your thoughts on partnership or sole trading.

My mate and I have been tiling together for the last 12 months on a 50/50 basis. Lately I have been wondering how efficient it is with the both of us tiling in the same bathroom.

I know on a good background I can probably fix 10m2 on a good day but with the both of us on the job I recon we would do between 12-13m2.

I just starting to think about efficiency and time and whether I should take the jump and go it alone.

The other reason behind this is money, obviously with 2 of us at 50/50 our prices can be high as I price for time as much as meterage.

Any thoughts will be helpful. (Please vote in the poll)

 

[Alan.P]

Must be a pretty big bathroom mate, how do you mean you price for time as well as m2 ? surely it's one or the other ?

And welcome to TF :welcome:

 

[White Room]

From my own experiance I've always remained on my own. Use a labourer for your running round, tile cuts and grouting just my personal opinion though

 

[faithhealer]

Don't forget to vote yourself Graham

 

[graham1708]

Must be a pretty big bathroom mate, how do you mean you price for time as well as m2 ? surely it's one or the other ?

And welcome to TF :welcome:

If we are doing just 4m in a kitchen for instance, then the m2 price wouldn't feed both our families so I charge day rate for the two of us:8:

 

[Alan.P]

If we are doing just 4m in a kitchen for instance, then the m2 price wouldn't feed both our families so I charge day rate for the two of us:8:

And you get the jobs :dizzy2: 'kin 'ell, I'm either doing it too fast or I need to up the price :lol:

 

[doug boardley]

often thought if it's worth my wife becoming a partner, albeit on paper for tax purposes. Talk to your partner tho' as he may be tinking the same as yourself and a lack of communication could have devastating effects on both your personal and professional relationship:smilewinkgrin:

 

[graham1708]

And you get the jobs :dizzy2: 'kin 'ell, I'm either doing it too fast or I need to up the price :lol:

LOL!! I know?!?! I do try and price fairly, we don't make a great deal of money but I know even if a job takes me a day or two longer on my own I could lower my price and still make more than I do now.

 

[White Room]

I find if I'm working on my own I get more done, if there's someone else to much talk which slows me down

 

[graham1708]

often thought if it's worth my wife becoming a partner, albeit on paper for tax purposes. Talk to your partner tho' as he may be tinking the same as yourself and a lack of communication could have devastating effects on both your personal and professional relationship:smilewinkgrin:

I agree with you, the only thing is, he can get some work as his brother has a building site but I don't think he has got the confidence to go it alone.

I'm starting to think I have no option but to go on my own as bad as it sounds. I hope I don't come across as greedy.

 

[doug boardley]

who gets what if/when you split up? it means somewhere another tiling kit has to be found, you'll likely end up pricing against each other in a work shy climate, if you're doing ok at the mo, keep it going and don't rock the boat to much,it may be you that falls overboard!

 

[graham1708]

who gets what if/when you split up? it means somewhere another tiling kit has to be found, you'll likely end up pricing against each other in a work shy climate, if you're doing ok at the mo, keep it going and don't rock the boat to much,it may be you that falls overboard!

This is another problem I own the van paid for it myself. The tool are not shared eg. I paid for dry cutter, he paid for wet cutter and the same for all the other tools. I don't ask for anything towards the up keep of the van only fuel cost.

I would feel terrible leaving him without transport but I've been told by others not to let my heart rule my head but I find it hard not to.

 

[White Room]

What if it was on the other foot and he had decided to go on his own, works both ways and your've got to do your own thing

 

[CJ]

Alls fair in love and business...........whatever that means :mad2::incazzato:

I can't see how you can survive on your average job.......2 bods crowding each other out in a 6x6 lavvy.

He'll survive

 

[graham1708]

What if it was on the other foot and he had decided to go on his own, works both ways and your've got to do your own thing

At th mo the understanding is; if he found somthing better (income) I think he would take it.

I don't really see us competing for work in the future as I don't think he will do a lot on his own. He is a good tiler but I feel he is too slow and sometimes holds me up.

I'm more worried about his predicament than my own if i decide to go alone.

 

[Colour Republic]

how long has this been going on? have you ever worked on 2 different jobs and still 50/50'd the money? I wouldn't leave your mate in the lurch if it's only just started getting bad. Reap the rewards in the good times and stick together in the bad. That said if you've been carrying him all the time then really you have to look after yourself

 

[graham1708]

Alls fair in love and business...........whatever that means :mad2::incazzato:

I can't see how you can survive on your average job.......2 bods crowding each other out in a 6x6 lavvy.

He'll survive

Thanks for the vote of confidence m8

 

[graham1708]

how long has this been going on? have you ever worked on 2 different jobs and still 50/50'd the money? I wouldn't leave your mate in the lurch if it's only just started getting bad. Reap the rewards in the good times and stick together in the bad. That said if you've been carrying him all the time then really you have to look after yourself

Going on for a year now, only ever worked different jobs on site. It never meant to become what it is, it just happened

I do feel I've been carrying him.

Am I beginning to sound bitchy?:mad2:

 

[brian c]

had this issue myself and when you dont feel right its time to call it a day.Its very hard getting work at the minute and trying to get 2 wages must be a nightmare...go it alone...life goes on.

 

[graham1708]

Thanks for all the help guys.

I feel all the info on my current situation is there for all to read so if you would give your own situation and please vote i will be most grateful.

Cheers guys :8:

 

[graham31]

Had the same dilemma me and ma mate went on the same course with the view to going into partnership.He ended up in a diff situation to me were he could do tiling for a good few months were as i had to work.So wasn't much of a partnership so i took the decision to end it all very amicably we had our own tools so no prob their.We bought a van my partner was talking it but know i've ended up way it.

I felt as if the both of us were holding each other back on decisions like advertising and spending money on our business.Now i only have to answer to myself(and the wife of course)and only now i feel like i'm starting out even tho i've done tiling jobs over the months.

We were advised at the start not to go into partnership and didn't listen but Darren was right.

 

[graham1708]

Had the same dilemma me and ma mate went on the same course with the view to going into partnership.He ended up in a diff situation to me were he could do tiling for a good few months were as i had to work.So wasn't much of a partnership so i took the decision to end it all very amicably we had our own tools so no prob their.We bought a van my partner was talking it but know i've ended up way it.

I felt as if the both of us were holding each other back on decisions like advertising and spending money on our business.Now i only have to answer to myself(and the wife of course)and only now i feel like i'm starting out even tho i've done tiling jobs over the months.

We were advised at the start not to go into partnership and didn't listen but Darren was right.

WOW! I'm so glad I'm not alone on this issue, I'm starting to feel better already, cheers m8

 

[graham31]

Like Brian say you know if it dosn't feel right..................

 

[doug boardley]

Graham, before you rush into hasty decisions, ask if you're partner is holding you back or just doing a thorough job.Times are hard and going to get harder over the next few months, have a good look at what you're doing, go out for a couple of beers with your partner on the notion that you both need to discuss future plans!

 

[graham31]

Graham, before you rush into hasty decisions, ask if you're partner is holding you back or just doing a thorough job.Times are hard and going to get harder over the next few months, have a good look at what you're doing, go out for a couple of beers with your partner on the notion that you both need to discuss future plans!

Great suggestion.............look at all the options......................but it sounds like you kinda have your mind made up Graham

 

[graham1708]

Great suggestion.............look at all the options......................but it sounds like you kinda have your mind made up Graham

Money can't buy what you guys have(experience) and I just thought I'd ask before I jump into anything.

I'm gonna have to sleep on this for a few days. I'll let you all know the out come in the coming days.

Please keep voting

Thanks again for all your help.

 

[brian c]

dont beat youirself up about this...it happens all the time.

In my situation i got out early..i was getting ALL the work and the other guy Nothing..then he made the fatal mistake...GREED.

 

[graham1708]

@brian c, do you feel better on your own, do you get as much work done?

 

[Leatherface]

Hi,
prefer working alone and getting in help if needed. Works best for me.
If you do decide to join forces, then would be a good idea to seek legal advice and have a Partnership Contract drawn up.Dot all the i's and cross all the t's This will make things a lot more straight forward if either of you decide it is not working and wish to dissolve the partnership, a bit like getting divorced.

 

[Gracer]

The only partnership worth working full time on is that with your wife/girlfriend/hubby, imho. A lot of jobs only require one guy....maybe an offsider.
I have a good tiler mate & we call on each other if there is a larger job to do & just split the bill, accordingly.