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How do I structure a partnership with someone who brought a deal to the table but I'm doing all the leg work?
Thank you for the reply! Yes, I think that might be the fairest way to handle this; either me increasing my salary for the extra work or hire someone to take over the extra work that this will bring in.- olimits7
- Post #11
- Forum: General Business Discussion
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How do I structure a partnership with someone who brought a deal to the table but I'm doing all the leg work?
Thank you for the reply! Yeah, I don't think he's looking to make an advance for this deal; that's why we discussed a 3 year "profit earning" to pay off $150K selling price. I think he sees this deal as a way to provide more revenue/profit to our existing business partnership; which makes...- olimits7
- Post #8
- Forum: General Business Discussion
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How do I structure a partnership with someone who brought a deal to the table but I'm doing all the leg work?
That's the tricky part, in the other 50/50 split business he has invested money into that business; so in that partnership he brought the "capital equity" for his 50% share and I brought in "sweat equity" for my 50% share since I'm doing all the work in that business but didn't need to put in...- olimits7
- Post #6
- Forum: General Business Discussion
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How do I structure a partnership with someone who brought a deal to the table but I'm doing all the leg work?
Thank you for your reply! Yes, I definitely want to sit down with him and talk about this but just trying to get some advice/feedback from others before I do so. Exactly what you said, I don't want to take this on and then be annoyed/angry when I'm doing all the work keeping this afloat while...- olimits7
- Post #4
- Forum: General Business Discussion
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How do I structure a partnership with someone who brought a deal to the table but I'm doing all the leg work?
Hi, I have a business partner in who has brought a deal to the table, unrelated to our current partnership. This deal is basically us taking over part of the business because the current owner of this contract does not want to do this anymore because it’s not a part of their core business. So...- olimits7
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- business partner partnerships
- Replies: 11
- Forum: General Business Discussion
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