I needed money to start my HVAC repair service.
I had 10 years of experience and I was tired of making money for someone else.
I didn’t have very good credit due to a divorce. My dad was going to co-sign for a loan, but one of his business associates offered me a different route. The guy offered to become my silent partner. That guy put up all of the money necessary for a year of operations, equipment, and supplies. In turn, he wanted a portion of the proceeds. We agreed to the terms of the deal and my partner agreed to a silent part of the company. I didn’t want anybody else trying to tell me how to run the day-to-day operations. I didn’t mind paying the guy for the loan, but I wasn’t going to have anybody else tell me how to run my company. The first time we had a disagreement about business, my partner immediately said he wanted to have more to say about the day-to-day operations. I protested heavily and the guy eventually backed down. I need to find a way to pay off all of the money that he put up, so I can get him out of the picture once and for all. He clearly doesn’t want to be a silent partner. The guy calls me everyday for an update on the HVAC business. When sales are lower than expected, the guy tries to offer helpful advice even though he doesn’t have the first clue about how to run a heating and air conditioner repair service.
more information on air conditioning