I've been a commercial real estate broker for 5 years now and have ventured into a handful of business partnerships - some have worked and some have nearly ruined me. What I find, on a surface level, is that you must absolutely share the same VALUES and MISSION as your potential partner. Having e...
Good luck 1. Ideal Partners: accelerators/incubators and anyone else who work with startups and small - medium businesses looking to develop software. 2. Terms: there are various structures. It all depends on your needs and budget: A) A low set monthly fee + bonuses. B) Commission based (set co...
Interesting question - But one that (for me) requires additional information for me to give input: -What kind of "partnership" are you interested in? (i.e. Strategic Partnership where you work together for mutual benefit) -What is the intended / desired outcome for you? Why are you seeking comp...
Hi, Your problem is one of corporate structure. You need to create an organization chart and define the different roles that exist in the business. You then need to fill in your names to each box. The different roles may have salaries or commissions attached, likewise, each partner is likely...
Hello! You have to ask yourself: Why I need a business partner? What value this partner can bring to my business? How much this value costs? Does he/she shares the same values and has same vision like I do? According to answers you can prepare a nice offer and a small presentation. But do not for...
I think the closest analogy would be - the same way you're flirting with a girl. Like, if you know she's really interested you call the next day. If she's not then you "play hard to get" and wait the standard 3 days. You have to look at their indicators of interest, whether there's a specific ti...
Can the model be franchised? Are your margins large enough such that a franchisee will be able to make a profit AND pay your franchise fees? If you go down the franchise route, you will be changing the nature of your business from being a gym operator to being a franchisor, or seller of business ...
If I understood correctly, you are planning to create the app for free in exchange for percentages/shares in the business/startup? If so, the best option would be to partner with accelerators/incubators and other organizations that work with startups who have good ideas. I personally work with hu...
Hi, I've helped people buy and sell businesses for years and have helped people dissolve and create partnerships and raise capital. When you take on a partner, you're selling a piece of a business. Either the one you have now or the one you hope to grow into. The question is, 'what do you expec...
The best way to test a person's talent is to put them to work in the reality of your business. If these folks are all onboard for being partners, promise to give them a cut of all deals they bring in. Structure the plan so that the contract lasts three months. Then, let them prove themselves and...