I'm starting an online service agency in the Amazon Ads space with a guy like me. The reason why we're both doing this is to bring structure into everything we do like managing clients, reporting, work quality output, training, hiring, and delivering an overall better and more consistent experience for our clientele. We don't have a USP when compared to agencies, but will have an edge against individuals.
I need help with not shooting myself in the foot by drafting a contract that can get me kicked out of the agency itself, (because my father did in his business when he was signing contracts and didn't have anyone to consult). I want to have equal control as him in the vital sectors of the agency like finance, assets, websites so he doesn't screw me over (I'm dealing with humans, yknow)
I have done research on this guy and one of the informants who worked with him told me that operations and execution is his weak point. He's good at selling because he has managed to sign up 90-100 people into a paid program (I'm one of those suckers too), which was too basic for me given that we both have same expertise in Amazon Ads management. He does have comparatively more expertise in product research, logistics, sourcing and has launched a private label brand for a client from scratch.
There is one more thing.
He does have funds, but I don't have much funds left now, there was an emergency at home I had to help my parents with recently.
So how do I'm planning on drafting the contract?
Here's how.
We divide everything 50/50.
We have to invest 50,000 PKR in the agency no matter what (that's all the funds I have)
We don't take profits or salaries out in the first 3 months.
Need feedback from guys like @BizyDad, @Oso and other people.
I need help with not shooting myself in the foot by drafting a contract that can get me kicked out of the agency itself, (because my father did in his business when he was signing contracts and didn't have anyone to consult). I want to have equal control as him in the vital sectors of the agency like finance, assets, websites so he doesn't screw me over (I'm dealing with humans, yknow)
I have done research on this guy and one of the informants who worked with him told me that operations and execution is his weak point. He's good at selling because he has managed to sign up 90-100 people into a paid program (I'm one of those suckers too), which was too basic for me given that we both have same expertise in Amazon Ads management. He does have comparatively more expertise in product research, logistics, sourcing and has launched a private label brand for a client from scratch.
There is one more thing.
He does have funds, but I don't have much funds left now, there was an emergency at home I had to help my parents with recently.
So how do I'm planning on drafting the contract?
Here's how.
We divide everything 50/50.
We have to invest 50,000 PKR in the agency no matter what (that's all the funds I have)
We don't take profits or salaries out in the first 3 months.
Need feedback from guys like @BizyDad, @Oso and other people.
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