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- Apr 9, 2021
- 6
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Hey guys
Honestly just need to get this out of me already and i thought this forum would be perfect since i could get some feedback from other more experienced entrepreneurs. I really dont have anybody to talk to this about as i deleted my facebook/ig to focus on the grind and cut off basically all "old friends". Plus i only want an opinion of somebody that actually understands the situation and not just some random thoughts from somebody who hasn't run a business before...
Anyway basically last year i started my first e-commerce business with my business partner. We structured the entity 50/50, (i handle the operations and finance and he handles marketing so i handled incorporating entirely since he has 0 clue about that + i was paying for everything and he was paying me back with all the money he managed to save because he was broke af, we both were but he was next level broke) We both had full time jobs and grinded on the business on the side.
At first it was great we had no arguments because we were super focused on making business work. There was like synergy or something we were focused on getting out of rat race together and put all the differences aside. And that worked pretty well within a few months we managed to have 40k cash saved in the bank account. I was ready to put everything on this business and quit my old job already then. For months I was paying myself only 2k/m for working like 7 days a week, just enough to survive basically and focus full time on growing this thing. Meanwhile he kept his job and worked on this part time only and didnt take any money since he had income coming it from the other job. I told him several times to quit his job already and come work on this full time already but he kept his job and did part time work on the business. He was just playing it "safe and smart" i guess but eventually he quit his job and started working on this business full time as well when i basically told him to. Before he went full time as well he did bring it up to me at some point that i was paying myself too much out of business when i was working full time on this thing and he was working part time only and making full time income from his full time job. When i told him that he has a full time income and half of this company is his he literally told me that "that is his money" and this is "our money". We had an argument about this but managed to settle it eventually. We also had another argument in which I gave him some feedback about the work he did, it was harsh because the work was bad and he told me to "stick to my lane" and gets super defensive over literally me only trying to improve things with best intentions so they are as best as they can be. He later admitted that he shouldn't have said that and that he was an a**hole but you know you have so many of bullshit arguments like that and you dont feel the same about the things anymore... It drains your energy and instead of focusing on working together you are starting to see negatives only...
So its been just over a year now and in the first year we made $600k in revenue and about $200k in profit. This is the most money i ever made and it feels to me like a decent amount of money right now. I know if we are going to continue building this we are going to have multiple 7 digits of revenue coming in within a year or two here. But man we have these bs arguments like basically every other week. There are such a F*cking bs for the most part. There were literally so many of them i won't be trying to list out all of them in here but for instance when we went into business together i didnt figure out to ask him for his full credit score record and only asked him about it and he mentioned it wasnt the best and it turned out later on he has like a derailed credit score, collections, missed payments, etc. Far below average credit score. So when we were applying for some credit cards etc i totally not aware of how bad his credit score was and listening to him talk about points hacking (he must have watched some youtube videos about it) applied for some credit cards and got declined. When the banker told me that his credit score is too low and if it was just me id get it no problem i realized just then that i been applying for credit products, affecting my credit score and getting declined because he has a bad credit score. We managed to get some laughable 1k and another 2k secured credit cards after basically begging the bank for it. So my business partner can be oblivious like that. I am starting to see this clearly now he is like an adolescent immature kid. He does things without really thinking about the consequences then he says something like "i didnt know" "i wasn't aware" or "you just need to let me know what you want me to do" and i end up having to deal with consequences of his bs decisions.
Another bullshit argument was about an accountant. Since i handle operations and finance i have this really great accountant that i introduced to him and shes like totally no bullshit person and a bit crazy and we invited her over and wanted to present to her some business plans and she said that shes an accountant and not a business coach. She will handle the numbers and tax filings, etc. I appreciate the honesty because i had heard some stories of accountants before that listen to your business plans and F*ck you over in the process anyway. My accountant may not be totally "normal" she has some strong views about energy and vibrations and stuff and she did show it when we 3 met together for the first time but she is actually the best accountant i know so i dont really care about how she is personally. Besides i actually vibe with her mindset of going against the wave. So my partner that used turbotax to file his personal taxes himself because his mom told him to do that (when we were already in business together and i emphasized how important it is to have a good accountant already several times) made a huge argument over my accountant not wanting to listen to some bullshit business plans we were to present to her... This accountant after a single meeting gave a solution to how to eliminate our biggest monthly expense at the time, which was just unbelievable at the time when that happened that was like giving ourselves a monthly 100% raise. It took my partner a while to realize how smart that is and what we actually did and he appreciated it in the end but we had bullshit argument over it because it just takes him a while to realize some things.
We also moved in together like 5 months back because we used to live in the same city but i moved down south and so now he moved down south as well so we could be co-located. I feel like moving in together added even more tensions between us. I am probably not the easiest person to live with, and living with roommates can be super bullshit as well. Now I start to see it though, I understand that everybody can have a bad day and shit sleep but this kid sometimes when he gets a bad sleep he is acting like a total little baby. He basically raged the other day over just having a conversation "You are a joke. You are a joke. You are so stupid" he was yelling literally almost trying to get physical with me over the smallest bullshit. I was actually controlling myself and calmed him down but I probably should have just beat him up at this point already because holding this anger in starts to make me feel really bad. I am actually on the merge of fighting this kid at this point to be honest.
I could list other bullshit arguments here but i think there is no point of doing that really. What i realized eventually is that he makes these huge promises about things and falls super short. Sets goals super high and fall super short. "We gonna rank #1 on google by the end of the year" "I am gonna set up these killers ads". Then nothing is done to build google seo positioning and the ad campaigns he spent several months working on we spend $5k and we had 1 sale from it. I am all about setting goals high but if you are doing that and results are not following you are just talking. I am not the kind of guy that will listen to you promise moon and when you deliver super short will be super stoked about it. Who would be?
We definitely made some mistakes, you know it being our 1st year in business and whatnot. He built a shopify store which I gave him full field of operating within & as much money as he needed. The thing turned out to be a $20k website that doesn't sell anything and I had to step in an intervene to get this thing moving in the right direction. To this day is still hasn't started creating positive cashflow...
I am not a perfect person, for sure. I made some mistakes as well, for sure. He does some things right, for sure. I actually let go of so many of these arguments and tried making peace with him so we can move on and work together but i am honestly tired of this bullshit. Things are good for a bit then we are back to bullshit arguments. I am also 3 years older than him and been helping him different stuff and teaching him things basically mentoring him and i feel like hes ungrateful and an immature adolescent kid. What sucks is that i spent last year working on this constantly, and he worked on it as well and from one side id rather have this work and make some serious money together and exit this properly in some time and probably never go into business with another partner again. From the other side i am seeing this is starting to be about getting back at him for all the bullshit he has caused. These arguments are starting to make me very angry, especially him trying to get physical with me when i can actually beat him up.
We make peace, things are good we are good we are friendly then shit happens and we go back to square 1. Honestly this is as emotionally exhausting as being in a relationship with some crazy chick. I've read what others say on this forum about partnerships. Some say if you can make it work its great and worth it. Others say no way and they would never do it. After what ive been through i dont think i ever want to go into a partnership again. Definitely not without properly verifying every aspect of how the other person really is.
What would you do if you were me? Any successful partnerships out there that had to go through nonsense like that and in the end it was worth it?
Sorry this is rather a long whining and ramming about the situation but i just need to get this out and hear some people tell me what they think
Thanks
Honestly just need to get this out of me already and i thought this forum would be perfect since i could get some feedback from other more experienced entrepreneurs. I really dont have anybody to talk to this about as i deleted my facebook/ig to focus on the grind and cut off basically all "old friends". Plus i only want an opinion of somebody that actually understands the situation and not just some random thoughts from somebody who hasn't run a business before...
Anyway basically last year i started my first e-commerce business with my business partner. We structured the entity 50/50, (i handle the operations and finance and he handles marketing so i handled incorporating entirely since he has 0 clue about that + i was paying for everything and he was paying me back with all the money he managed to save because he was broke af, we both were but he was next level broke) We both had full time jobs and grinded on the business on the side.
At first it was great we had no arguments because we were super focused on making business work. There was like synergy or something we were focused on getting out of rat race together and put all the differences aside. And that worked pretty well within a few months we managed to have 40k cash saved in the bank account. I was ready to put everything on this business and quit my old job already then. For months I was paying myself only 2k/m for working like 7 days a week, just enough to survive basically and focus full time on growing this thing. Meanwhile he kept his job and worked on this part time only and didnt take any money since he had income coming it from the other job. I told him several times to quit his job already and come work on this full time already but he kept his job and did part time work on the business. He was just playing it "safe and smart" i guess but eventually he quit his job and started working on this business full time as well when i basically told him to. Before he went full time as well he did bring it up to me at some point that i was paying myself too much out of business when i was working full time on this thing and he was working part time only and making full time income from his full time job. When i told him that he has a full time income and half of this company is his he literally told me that "that is his money" and this is "our money". We had an argument about this but managed to settle it eventually. We also had another argument in which I gave him some feedback about the work he did, it was harsh because the work was bad and he told me to "stick to my lane" and gets super defensive over literally me only trying to improve things with best intentions so they are as best as they can be. He later admitted that he shouldn't have said that and that he was an a**hole but you know you have so many of bullshit arguments like that and you dont feel the same about the things anymore... It drains your energy and instead of focusing on working together you are starting to see negatives only...
So its been just over a year now and in the first year we made $600k in revenue and about $200k in profit. This is the most money i ever made and it feels to me like a decent amount of money right now. I know if we are going to continue building this we are going to have multiple 7 digits of revenue coming in within a year or two here. But man we have these bs arguments like basically every other week. There are such a F*cking bs for the most part. There were literally so many of them i won't be trying to list out all of them in here but for instance when we went into business together i didnt figure out to ask him for his full credit score record and only asked him about it and he mentioned it wasnt the best and it turned out later on he has like a derailed credit score, collections, missed payments, etc. Far below average credit score. So when we were applying for some credit cards etc i totally not aware of how bad his credit score was and listening to him talk about points hacking (he must have watched some youtube videos about it) applied for some credit cards and got declined. When the banker told me that his credit score is too low and if it was just me id get it no problem i realized just then that i been applying for credit products, affecting my credit score and getting declined because he has a bad credit score. We managed to get some laughable 1k and another 2k secured credit cards after basically begging the bank for it. So my business partner can be oblivious like that. I am starting to see this clearly now he is like an adolescent immature kid. He does things without really thinking about the consequences then he says something like "i didnt know" "i wasn't aware" or "you just need to let me know what you want me to do" and i end up having to deal with consequences of his bs decisions.
Another bullshit argument was about an accountant. Since i handle operations and finance i have this really great accountant that i introduced to him and shes like totally no bullshit person and a bit crazy and we invited her over and wanted to present to her some business plans and she said that shes an accountant and not a business coach. She will handle the numbers and tax filings, etc. I appreciate the honesty because i had heard some stories of accountants before that listen to your business plans and F*ck you over in the process anyway. My accountant may not be totally "normal" she has some strong views about energy and vibrations and stuff and she did show it when we 3 met together for the first time but she is actually the best accountant i know so i dont really care about how she is personally. Besides i actually vibe with her mindset of going against the wave. So my partner that used turbotax to file his personal taxes himself because his mom told him to do that (when we were already in business together and i emphasized how important it is to have a good accountant already several times) made a huge argument over my accountant not wanting to listen to some bullshit business plans we were to present to her... This accountant after a single meeting gave a solution to how to eliminate our biggest monthly expense at the time, which was just unbelievable at the time when that happened that was like giving ourselves a monthly 100% raise. It took my partner a while to realize how smart that is and what we actually did and he appreciated it in the end but we had bullshit argument over it because it just takes him a while to realize some things.
We also moved in together like 5 months back because we used to live in the same city but i moved down south and so now he moved down south as well so we could be co-located. I feel like moving in together added even more tensions between us. I am probably not the easiest person to live with, and living with roommates can be super bullshit as well. Now I start to see it though, I understand that everybody can have a bad day and shit sleep but this kid sometimes when he gets a bad sleep he is acting like a total little baby. He basically raged the other day over just having a conversation "You are a joke. You are a joke. You are so stupid" he was yelling literally almost trying to get physical with me over the smallest bullshit. I was actually controlling myself and calmed him down but I probably should have just beat him up at this point already because holding this anger in starts to make me feel really bad. I am actually on the merge of fighting this kid at this point to be honest.
I could list other bullshit arguments here but i think there is no point of doing that really. What i realized eventually is that he makes these huge promises about things and falls super short. Sets goals super high and fall super short. "We gonna rank #1 on google by the end of the year" "I am gonna set up these killers ads". Then nothing is done to build google seo positioning and the ad campaigns he spent several months working on we spend $5k and we had 1 sale from it. I am all about setting goals high but if you are doing that and results are not following you are just talking. I am not the kind of guy that will listen to you promise moon and when you deliver super short will be super stoked about it. Who would be?
We definitely made some mistakes, you know it being our 1st year in business and whatnot. He built a shopify store which I gave him full field of operating within & as much money as he needed. The thing turned out to be a $20k website that doesn't sell anything and I had to step in an intervene to get this thing moving in the right direction. To this day is still hasn't started creating positive cashflow...
I am not a perfect person, for sure. I made some mistakes as well, for sure. He does some things right, for sure. I actually let go of so many of these arguments and tried making peace with him so we can move on and work together but i am honestly tired of this bullshit. Things are good for a bit then we are back to bullshit arguments. I am also 3 years older than him and been helping him different stuff and teaching him things basically mentoring him and i feel like hes ungrateful and an immature adolescent kid. What sucks is that i spent last year working on this constantly, and he worked on it as well and from one side id rather have this work and make some serious money together and exit this properly in some time and probably never go into business with another partner again. From the other side i am seeing this is starting to be about getting back at him for all the bullshit he has caused. These arguments are starting to make me very angry, especially him trying to get physical with me when i can actually beat him up.
We make peace, things are good we are good we are friendly then shit happens and we go back to square 1. Honestly this is as emotionally exhausting as being in a relationship with some crazy chick. I've read what others say on this forum about partnerships. Some say if you can make it work its great and worth it. Others say no way and they would never do it. After what ive been through i dont think i ever want to go into a partnership again. Definitely not without properly verifying every aspect of how the other person really is.
What would you do if you were me? Any successful partnerships out there that had to go through nonsense like that and in the end it was worth it?
Sorry this is rather a long whining and ramming about the situation but i just need to get this out and hear some people tell me what they think
Thanks
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