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Your partnership idea is a good one, as long as it isn't an equal partner. You are the one who got the customer list and built the business. Imparting a sense of ownership is good, but make sure you stay the boss in the end.
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Scottwax you hit the nail on the head. I want to make them feel more important than just hired help but in the same breath they will have to answer to me at the end of the day.