Thinking of partnering with someone for my dance class — how to fairly split classes and fees?

Quick: measure capacity (how many per day), calculate cost, raise price. Done.

Bro you're gonna crush this! Do it this way and in 6 months you'll be raking it in!

edit: typed from phone, sorry for typos.

If you're struggling ask other shop owners. They're your best guides. There's no magic cure.

You can't solve problems with just talk. Go, do it, fail, learn. That's the path.

bro this is nonsense. i thought the same but it turned out to be super simple. don't overthink it.

edit: I wrote something wrong above, sorry about that.

man, im in the same boat bro. youll just have to do what you gotta do eventually. i guess a solution will come up.

edit: I wrote something wrong above, sorry about that.

The cheap-looking path usually ends up costing more later. Trying to do this alone is the most expensive way.

Good luck with that.

I'll try it.

Timely topic. Trying to do this alone is the most expensive way.

When making decisions, write down the worst-case scenario too not just the best. If I were you I'd go this route.

Great work. The only thing separating friendship from partnership is a written contract.

Solutions that work at a small scale collapse when you grow; I learned this late. I'm also curious if anyone does it differently.

Just a heads-up. The only thing separating friendship from partnership is a written contract.

The harder it is to reverse a decision the slower you should make it.

I've been dealing with this for a long time. Most time waste accumulates in tasks waiting for approval.

Of course, it varies if your situation is different.

There's a common mistake people make when doing this. The answer varies greatly by industry; there is no one-size-fits-all rule.

Good luck with that.

Don't miss this: Do a small three-month project before talking stocks, so you see each other.

This is my opinion, I'm not claiming it's absolute truth.

Thanks for posting. If decision-making authority isn't defined, it causes daily issues, not just during exits.

I'll argue the opposite, don't get mad. Processes without records never improve, because you don't know what to fix.

Correct me if I'm wrong.

I agree with this. A partnership without a payment schedule locks up at the first split.

If you're offering equity instead of salary, also state what you're offering in return. Of course, it varies if your situation is different.

Thanks, that was the answer I was looking for.