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Old 06-04-2009, 10:34 AM   #1 (permalink)
 
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Partnerships with mobile tanning?

Does any one have a business with a partner? A friend of mine and I want to start a mobile spray tanning business together but are trying to figure out what the best way will be. Any suggestions? We both have other jobs right now and this would be somethign that we would like to start up and grow to become our full time income. I would really like to see what has worked for others.
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Old 06-04-2009, 12:18 PM   #2 (permalink)
 
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Re: Partnerships with mobile tanning?

I would say split the cost 50/50.....as long as you both are putting, your all into the part time business.....if only 1 is putting time into it, then that is a different story...but as long as both is comitted, I would say split all costs 50/50
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Old 06-04-2009, 12:22 PM   #3 (permalink)
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Re: Partnerships with mobile tanning?

going into business with a friend is the death of your friendship!
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Old 06-04-2009, 12:36 PM   #4 (permalink)
 
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Re: Partnerships with mobile tanning?

We are actually coworkers now so we know that we really working well together. I'm trying to figure out the best business set up. We each want to try to get our own clientele like having a franchise -sharing the same name and then later being able to have others buy into it.
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Old 06-04-2009, 01:36 PM   #5 (permalink)
 
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Re: Partnerships with mobile tanning?

Quote:
Originally Posted by jessiegirl View Post
Does any one have a business with a partner? A friend of mine and I want to start a mobile spray tanning business together but are trying to figure out what the best way will be. Any suggestions? We both have other jobs right now and this would be somethign that we would like to start up and grow to become our full time income. I would really like to see what has worked for others.
I do. Ours works well because we live in different areas (about an hour apart) and we each have our own machine. We each purchase our own supplies and solutions but we share the cost of our marketing materials. The income that comes in from my appointments belong to me and vice versa.

Here are a few things to think about:

Since you are both working full time jobs right now - do you each have the commitment to work after hours and weekends? How are you going to decide who gets which customer? How will you handle it if a customer prefers one of you over the other one? You definitely need to work out the money situation! Money can easily ruin a friendship regardless of how well you get along.
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Old 06-04-2009, 02:02 PM   #6 (permalink)
 
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Re: Partnerships with mobile tanning?

That is exactly what we were hoping to do and we live about an hour away from each other as well. We also live in an area where no one else is doing mobile spray tanning so we have a large population of people to go after as clientele. Good questions to think about. How do you do the accounting? Do you have an accountant that pays taxes for the company combining what you make in the year with what your partner makes in a year? My husband owns 2 businesses but he is a sole proprietor so I don't have any experience with a partnership and how that works financially.
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Old 06-04-2009, 03:05 PM   #7 (permalink)
 
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Re: Partnerships with mobile tanning?

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That is exactly what we were hoping to do and we live about an hour away from each other as well. We also live in an area where no one else is doing mobile spray tanning so we have a large population of people to go after as clientele. Good questions to think about. How do you do the accounting? Do you have an accountant that pays taxes for the company combining what you make in the year with what your partner makes in a year? My husband owns 2 businesses but he is a sole proprietor so I don't have any experience with a partnership and how that works financially.

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