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- Jul 18, 2018
I would invest in a former employee's business without hesitation, if it was a good business and they were skilled. But I think what I would offer them would be capital, not coaching. If you don't need coaching from this guy, and it isn't what you set out to get, it's not really an opportunity for you. It might be an opportunity for him, but for you? You get coaching, he gets 20% of your future profit for eternity (with this company anyway) plus a measure of control over your company, plus inside information about your company (which at least in some ways may be a competitor).
So I wouldn't see it as a good deal personally. Ymmv. I also don't think it's a poison apple necessarily, so you could just thank the guy for his generosity and meet up for lunch some time. I think having some kind of business relationship with him might be an opportunity under the right circumstances. But from a position as peers, maybe referring each other types of business that the other specializes in, working together on certain projects that exceed one company's capacity, etc.
Got it. I also don't feel to give someone 20% of my business which I am pouring my everything. I literally felt that I am giving my flesh when I thought of that.
Even though I am still at zero, after being on this forum for a long time, I know I can do it on my own and way faster then many others. Just being on this forum and having such amazing people is an advantage on itself.
I dream to become go-to partner for Ecom industry in my country in next 3-5 years. That's a huge dream. But I feel ican do it.