"The number one thing I would do different is not agree to a partnership until 6 months out...I would have held off on awarding partnerships until everyone sett

"The number one thing I would do different is not agree to a partnership until 6 months out...I would have held off on awarding partnerships until everyone settled into their roles" I'm curious what being a 'partner' in a design/tech consultancy amounts to. Profit-sharing?