Deep down you probably know whether you’re really interested in keeping going – right? Assuming you decide you are – and you’re more interested in sharing the load moving forward then a couple of thoughts:
– Identify the kind of skills you feel the business needs going into the future and the skill gaps you feel you have. This will help you zero in on the skills you’d like to see in a potential business partner/partners. It will help you be more objective when choosing who to work with.
– If looking at having another person/persons join the business consider taking an approach where they can earn-in over time. Something that incentivises them but balances the risk of it not working out. One option is that you pay them for their time, but give them options to purchase equity over time.
I agree this can get quite complex – so I’d take Nick up on his offer of a discussion about it.