A Missouri man climbs down a drain and blames his partner on a swimming pool company.How Dave Ramsey Tells Him to Continue Sailing

Ramsey says that if you are "stupid enough" so you can enter into the partnership, make it first.

Missouri Blames His Pool Company Partner For Going To The Sewer — As Dave Ramsey Says To Keep It Above Water

Andrew, Mo., an entrepreneur of Colombia, recently tells Dave Ramsie because he feels that his business is under water (1).

Andrew manages the company for cleaning, repairing and renovating the pool with a business partner, but everything does not change.The partner convinced him to borrow him to buy a job - and now he doesn't gain weight.

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Ramsey agreed that the arrangement is not functioning.In things, he told Andrew to leave as soon as possible.More, Guru claimed that the entire model of partnership is not the right way to lead a business, jump, "partnerships are the only ships that will not sail."

Here's why Ramsey told Andrew to brave the breakup conversation with his business partner — along with some insight into why partnerships can be such a problem.

Separate the business

Ramsey immediately identifies some important problems with the Andrew association.

Andrew explains that he has sharply increased for cleaning and repairing swimming pools, earning only $ 49,000 last month.Unfortunately, his partner is not done almost well.

When they started the business, Andrew's partner convinced him to pay $260,000 for the partner's uncle's swimming pool restoration work, leaving his latter company on the hook for thousands of months over the next five years.

The Andrew Mandatory is worth the deal.Ofor, it brought him a few jobs, parts of the transaction lose money.

On the contrary, the spouse really does not work, and when Andrew brings it, the spouse becomes defensive, often claiming that "you will not understand; you have no child at home".

Ramsey told Andrew that the only correct solution was an immediate increase.

Rams said, "Create a part of your partner to him."You have to get out of it."

Why not all of the partnership

Andrew's story is a complete picture of why Ramsey warned of this collaboration.He identified some of the ordinary red flags in this situation.

First, there is no formal agreement with the partners that is essential when running out of business. The second, a partner is confidential way. It is also a general view.