Hello everyone, I am in the start-up stage of a salon business. I will be partnering with another hair stylist. We are not sure how to structure our business relationship with respect to the allocation of income and expenses. It seems to me that the most straightforward structure would be to split everything 50/50, understanding that, in some months, I'll pull in more income and, other months she will. Of course, there is also the possibility that one of us will consistently outearn the other!
Does anyone out there work as a partner with another stylist? I am really interested to see what your experience has been and what has worked for you.
Thanks!
Does anyone out there work as a partner with another stylist? I am really interested to see what your experience has been and what has worked for you.
Thanks!