I am running a partnership firm and would like to know and divide work between us for better and smoother operations of the firm because we end up together doing the same work and waste a lot of time.
I was wondering if we divide the activities as the appear in the balance sheet it may be an good idea.
2006-10-17 04:28:16 · 2 answers · asked by Rajesh Kumar 1 in Business & Finance ➔ Small Business
It all depends on what your respective strengths are...
2006-10-17 05:52:08 · answer #1 · answered by NC 7 · 0⤊ 0⤋
If you are referring to doing the books and banking and such let me suggest you leave that task to one individual. Its like the saying "Only one parent medicates a child" well the same concept applies here. When you have another person entering in info and he forgets or you forget then when the other person goes back to balance the book or compare to the bank statement or whatever there is confusion, accusation and then an argument. Decide with your partner each others strenghts and weaknesses. If he is better at banking and organization let him do the books. Then you pick up ordering supplies or employee maintenance, inventory or whatever. Not sure what type of biz you have. There is always PLENTY to do, just divvy the tasks evenly not by the amount but by hours. Banking approx. 6 hrs wk comparable to inventory 3 hours a week twice a week or whatever hope this helps
2016-05-22 08:41:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋