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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.
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.
Yes, be very aware of the responsibility. Don't forget most people's first three businesses fail and that too shouldn't be forgotten.
I would reccomend writing a business plan as a formal way to lay out your plans for the business and have someone at the library's small business administration look it over (most libraries have one in every city).
Market market market your service!!! NYD has some genius ideas for that.
Let me mention a few things that you can do in order to make an employee want to work for ya. I have a guy with me for over 20 years. I just had him down here in Florida with me for a week. I told him to leave his wallet home. I flew him down on Jet Blue. He stayed at my condo. We went out to dinner every night. Went to South Beach in Miami. The fridge was full of beer. Took him to adult night clubs. Fishing, beaches and warm weather was all his at my cost. Let me tell you why. This guy has never called in sick. This guy will come in at 6am and work till 6pm without complaining. {by the way he is on salary} This guy came into work when his wife died. This guy is loved by every customer that comes into our shop. WHY? Because I take care of him better than anyone else would. He never has to ask for a raise. He never has to ask for a Christmas bonus. I always celebrate his birthday like it is my own. He never has to ask for a vacation somewhere. He drives a new car and lives in a nice home why because I take care of him better than anyone else ever would. I learned a long time ago that if you treat people the way you want to be treated, you will get paid back in ways that you would not believe. I don't ever worry about him leaving me or showing up for work. One hand washes the other in our business.