Wednesday, February 01, 2006

new partner


exciting news in the goldscher household: jeff is getting a business partner. it's a long convoluted story of how he knows this guy but they've worked together for almost 5 years (jeff on the agency side, the new partner on the client side). jeff has always said he'd love to find a way to work with this guy but it never seemed possible. this guy worked at a large company for years and years, but (thankfully) was starting to get restless.

well, wadda ya know, the company is buying a newer, smaller company and there have been layoffs and reassignments all over the place. jeff was initially really nervous about it because he wasn't sure if he'd still have the big client. things have turned out really well. the new partner was offered the same job in another location and he didn't want it so he and jeff are teaming up. it's kismet. fate. i don't know, but it's great. it just feels right.

jeff and the new partner went to meet with another guy yesterday who was interested in buying jeff's company and hiring jeff to work for him but jeff decided that no amount of money was worth giving up his own agency and giving up his (and our family's) freedom.

so he and the new partner are going to meet with jeff's business lawyer and figure it all out (the terms, the equity, etc). it sucks in the short term for us because all the money isn't ours to play with and the new partner certainly earns more than jeff's freelancers. but long term i think it's going to be an amazing thing and is going to grow the agency.

it's pretty exciting.

1 comment:

Wendy said...

Yes, very exciting. Congrats!