A
Anon79341
Guest
Hello people!
I have a little dilemma with partnering to run a business.
I had this idea a few weeks ago to start an ecommerce that sells fresh vegetables in packs, e.g. kale+lettuce+mini tomatoes and so (distribution only in one city). The idea is partly validated tbh. But I better started doing something about it.
I decided to partner with my mother (because she owns a little store that sells this kind of products in a local market) and she loved the idea of making a more scalable bussines together. She'd run the operations side (inventory and distribution) and I'd run the digital channels and marketing. So far, we've developed the offer, calculated the costs, make some promotion and getting us to know.
Initially we were going to run the business 50/50, which we both agreed. But like in a week, she decided to include another partner around her age, who would provide us with capital to start (like a venture capitalist at a lower scale) but in exchange of 50% of the profits. He's a great person and she and I have worked with him before. The thing is, I don't know if it is that wise to go that way, although I don't have a problem giving a major participation to my mother if she will be working full time on it (35% for her, 15% for me), I don't feel comfortable with the idea of giving away half the effort to an investor, specially at an early stage.
Finally, she never asked me before making that decision, which is fine is she followed her intuition. From what she told me, she's looking for a good safety net to start. Maybe we don't have the same expectations.
From one side, I think I should feel grateful that someone is willing to invest in this and take it as experience (in sales, marketing and running a business in general) but with a lower participation role. But in the other hand, I'd feel badly controlled if someone else owns 50% of the business, being told what to do is not what sparked my interest in the first place.
I'd love to hear any comments if you have.
Thank you very much.
I have a little dilemma with partnering to run a business.
I had this idea a few weeks ago to start an ecommerce that sells fresh vegetables in packs, e.g. kale+lettuce+mini tomatoes and so (distribution only in one city). The idea is partly validated tbh. But I better started doing something about it.
I decided to partner with my mother (because she owns a little store that sells this kind of products in a local market) and she loved the idea of making a more scalable bussines together. She'd run the operations side (inventory and distribution) and I'd run the digital channels and marketing. So far, we've developed the offer, calculated the costs, make some promotion and getting us to know.
Initially we were going to run the business 50/50, which we both agreed. But like in a week, she decided to include another partner around her age, who would provide us with capital to start (like a venture capitalist at a lower scale) but in exchange of 50% of the profits. He's a great person and she and I have worked with him before. The thing is, I don't know if it is that wise to go that way, although I don't have a problem giving a major participation to my mother if she will be working full time on it (35% for her, 15% for me), I don't feel comfortable with the idea of giving away half the effort to an investor, specially at an early stage.
Finally, she never asked me before making that decision, which is fine is she followed her intuition. From what she told me, she's looking for a good safety net to start. Maybe we don't have the same expectations.
From one side, I think I should feel grateful that someone is willing to invest in this and take it as experience (in sales, marketing and running a business in general) but with a lower participation role. But in the other hand, I'd feel badly controlled if someone else owns 50% of the business, being told what to do is not what sparked my interest in the first place.
I'd love to hear any comments if you have.
Thank you very much.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
