- Joined
- Jun 1, 2012
- Messages
- 79
Rep Bank
$270
$270
User Power: 29%
Last year I've worked with a company for quite some time, and now it happens that I "discovered" a product that would perfectly complement that company offering.
I'm sure it would work as a backend for that company and I want to make a deal with that company.
I want to approach them and make a joint venture.
The problem is that, there isn't just one provider of this product I discovered, so I can't sign any exclusivity agreements, and if I disclose this information to the company, they can do it by themselves... but they won't do it if I don't disclose... it's not a direct association, it's a bit clever. They have to know "my plan" in order for it to work.
If I owned the company, I would, no doubt, introduce this product in the line, as a backend to grow the company.
But as an outsider, I'm trying to find a way to grow that company and get a share but without them cutting me out.
Isn't it risky just revealing the plan and asking for a % of the profits? They can do it themselves after that and I get zero for my effort and planning.
on the other hand... If I ask them for equity, I doubt they would go for it...
How would you do it? What is the best course of action?
I'm sure it would work as a backend for that company and I want to make a deal with that company.
I want to approach them and make a joint venture.
The problem is that, there isn't just one provider of this product I discovered, so I can't sign any exclusivity agreements, and if I disclose this information to the company, they can do it by themselves... but they won't do it if I don't disclose... it's not a direct association, it's a bit clever. They have to know "my plan" in order for it to work.
If I owned the company, I would, no doubt, introduce this product in the line, as a backend to grow the company.
But as an outsider, I'm trying to find a way to grow that company and get a share but without them cutting me out.
Isn't it risky just revealing the plan and asking for a % of the profits? They can do it themselves after that and I get zero for my effort and planning.
on the other hand... If I ask them for equity, I doubt they would go for it...
How would you do it? What is the best course of action?
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?
