Questions

Do you know if it is viable to work with a remote business partner when running an e-commerce business? Both partners have had really strong experience and success. The timeline of events are as followed; - A business partners lease ran out in Melbourne - The partner then was going to buy real-estate in Melbourne but decided to move to Korea quite abruptly with no real warning - The reason behind the Korea move is because it is cheaper - The partner wants to go there for 4 months during the startup phase of the business - If the partner has decided to do this now, what is the likelihood of them doing this again in 2-3 years - The end goal is to build an 8 figure business within 4 years which is achievable with the track record all partners have had An e-commerce business can definitely be run off a laptop but our questions are. > Is it really viable? >Will it be harder to bounce ideas and be innovative? > What objections can you see for this situation? > Will this kill momentum? > What are your immediate concerns?

You could ask yourself this question: Do I really need a partner? Partner relations as it is are difficult to manage for most startups but having one on a remote basis will make it even tougher.
I personally think that avoiding partnerships unless they are absolutely critical is a good idea.
You could hire someone as an employee or you could hire someone with an understanding that he gets some equity but is not a part of the decision making process.

Feel free to try a 15 minute call to discuss more:

https://clarity.fm/asifosman/freecallAsif


Answered 5 years ago

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