[Jewelry making - Article 00576] - [Orchid] [BizTalk] Partnership

[Kim Winter]

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    Dear Orchidians: This isn't really a jewellery question, more a
    business exploration. I am a goldsmith-gemmologist, and I have a
    successful studio, in a building beside my home, in a small town. 
    Been here 9 years, 27 in the jewellery business in total.  I work
    alone except for an assistant who helps with office stuff 2
    afternoons a week.  My week can vary from a minimun of 40 hours to
    the nightmare hours of Christmas. I work in gold, silver and
    platinum, mostly gold.  I do one-of-a-kind work, plus repairs,
    appraisals, and I resell chain, wedding bands, etc.  I'd like to do
    some teaching, the space I have now won't allow that. I'm lonely
    working alone all these years. I'd like to work a little less. So a
    silversmith I know, who also works at home, does a small wholesale
    business, and I are starting to talk about joining forces, buying a
    larger building. Neither of us has any idea what the potential
    problems of joining these two businesses. I have a large clientele,
    and currently gross about 10 times her  gross income.  How to join
    those fairly? What questions to ask each other? to sort out before we
    get going? What other forms of alliances have people used? Sharing
    space, but having two separate businesses? I would be so grateful for
    the experience of others in this matter, I am willing to learn from
    the mistakes of others!    Thank you for any input, Kim  

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