We are planning to associate with foreign company or individual to handle sales and clients in their country. Our service is software development. Who can be ideal partners for this venture? What terms should we set for this partnership? What percentage of share we should offer in each business deal?
1. When choosing the organization for your association, determine that the people in the organization genetically will work for your objectives. Take initiatives to manage their performance.
2. Take time to write your own terms and expectations and have it approved by a law organization. Feel free to negotiate the service terms with the potential suitors.
3. Plan out how much share you will give away during each stage of development of your organization. Plan to never give away an excess total share of %50 by the time your company is completely mature. Keep control of your company so that you may perform your objectives well.