Boyfriend joining my business
Posted: 21 Nov , 2017By:
I started my retail florist business 4 years ago. Its growing and going well but of course cash flow, BAS, tax etc are all challenges. I am in debt around $50,000 but paying this off slowly but regularly. My boyfriend, also a florist quit his other job and joined mine. Of course he is doing more hours than getting paid for. We are both on 40 hours per week.
As much as he wants to grow the business with me, I am still protective of what i have grown on my own. He came on board 7 months ago and we both work physically very hard everyday and does what is needed. I do all the paperwork and bill paying, quotes etc. with the help of my bookkeeper and often after hours. He does not help me at all in this department. There are some issues starting to occur He wants some sort of financial guarantee just for the extra hours he does which might be 20 to 30 per week depending on what jobs we have on. The extra hours are due to starting at 3:30am three days per week going to the flower market and then working all day in the shop. We are trying very hard to have allocated days off but sometimes that does not happen and annoys him every now and again.
I know we need to go and get business advice but want to know from who? How do i protect what i have built but look after him also? thanks for any advice.