- Joined
- Sep 27, 2022
- Messages
- 23
Rep Bank
$170
$170
User Power: 57%
Hi guys,
I have a question about partnerships. I have a business that I'm probably retiring (not important but you can read more in this post) and I'm already working on a new idea. I'm developing ideas with FRIEND1 and am trying to get FRIEND2 and maybe FRIEND3 to join as developers.
I have a question about partnerships. I have a business that I'm probably retiring (not important but you can read more in this post) and I'm already working on a new idea. I'm developing ideas with FRIEND1 and am trying to get FRIEND2 and maybe FRIEND3 to join as developers.
- FRIEND1 would like to get on the "Fastlane", but is currently a well-paid "SIDEWALK" stroller. He's not a developer but has a leading role (about 10 people) in a public sector tech firm. He's rather charismatic and a people's person. Probably good to have as a figurehead and for negatiations and high value customer or partner relations care.
- FRIEND2 is single (important later) and a loyal developer who worked with me on the previous project. He was very "cheap", because he did it for idealism. There's still loyalty left. But he probably wouldn't work under the same conditions as before.
- FRIEND3 has a family and needs to bring home money - at least half of the year as a freelancer. He's smart and a bit in the middle between FRIEND1 AND FRIEND2 regarding people skills. His performance might be as good as FRIEND2 but I haven't worked with him directly yet.
- FRIEND1 does not provide development value. But he has good ideas and is people smart which I am not as much. I'm highly intelligent and more "disconnected" from the average Joe. He might also be a charismatic figurehead in case we need a CEO to present to the public. And we've been friends since elementary school and I trust him. However I'd also willing to risk this friendship - just to say it won't cloud my judgement if he's risking the business. Is his contributions necessary? - No, I can probably create this business without him. But I think he can be valuable. And he doesn't need payment as he has a job right now. So I could offer him a part of the business. But if so how much?
- FRIEND2: I already have an idea for him. I would offer him $1000 dollars a month and 3-5% of the company. He's a working horse and really smart and helped me with my previous project. Very loyal and very frugal.
- FRIEND3: I would offer him $1000 for a testing period in his "free" (from freelance) months. And if he's as engaged as FRIEND2 maybe the same deal for him. If he's not as engaged maybe a bit less.
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?
