Greetings. Currently I work for a bunch of companies as the CIO and recently I've been offered a partnership at a startup company. I decided to take it as a part-time, for the start, and then move on in the dependency of the business growth. It is an it-outsourcing company, doing complex service for the IT stuff. At the beginning, there is was three of us, partners:
- The one, who responsible for all the financial stuff, contracts, documents, etc (financial guy)
- The one, who responsible for a advertising, getting new clients, etc (sales guy)
- The one, who keeps the main direction - IT-outsourcing field running in a technical plan (me): writing specs, doing some extra-special technical stuff for the clients, training our team-members and so on
We was growing fast, got some serious clients and made a great integration projects, but this autumn the financial guy has tragically died and one month later the team-leader (who was my right hand and company's main specialist) has quit.
However, someone has to take care of the financial things and we decided that it will be better for sales guy to do this and I temporarily took care of the things our team-leader had worked on.
The weird things started to happen:
- My share, which was on 1/3 of the company's income left on the same level, but Sales guy's share grew to the 2/3 of all the money.
- The salary day became quite unstable, sometime it takes two weeks to get things done to pay a monthly salary to the employees.
- Despite our agreement, Sales guy dropped off some of the financial duties on my shoulders.
Following all this, we turned into a rather unstable company. And now, I'm in the middle of something. Should I quit or should I stay and try to take over the control of the company, to not let him to ruin it? If I quit, the company won't be able to do some of the contract duties, and as follows the company will be a bankrupt soon. I don't want this to happen, because my friends work there, the whole team are very good people and I don't want them to stay unemployed. I don't get any income of the company for the last three months, so it would be painless for me to get out of there, but maybe there is a different way? So here is the question.
How to deal with an unreliable partner?
How to keep the employees in a difficult situation?
How to keep the company running, if all the administrative instruments are in the hands of the unreliable partner?
Someone said: you work not for the people on the top, it is always for your subordinates, for the ones below you. So should I just stay for the people below me?
Thank you very much.
UPD: Thanks all for the great solutions to my problem, I hope that no one will get into the same situation but if someone will - here one will find a lot of great advices. Thank you very much. I'm not yet decided what solution to use, I need just a couple of days to think it out.