So I have recently been in a predicament with someone whom originally was going to invest 100k for 3% and this was contingent on if he did XYZ.
Today he is asking for 3.5 for just sweat equity, meaning no contingencies nothing. I would have to trust that he can do the job. I did contact some of his old references, and the fact of the matter is he is a genius at sales and closing large clients. It is worth it in that sense, however he only works in technology and my industry in infant development. So as you can imagine I am quite worried I may be giving up free $$.
However, he does have amazing connections that opened up doors in seconds for us, again it was for the wrong place. So I'm left her saying... thanks but no thanks. But the fact of the matter is within 6 hrs he got us on the phone with a retailer.
So what should I do? Give him 3.5% and make him a partner, it can change the game. Or say sorry and do it on my own?
Furthermore he wanted another 5% for 15k which he admits completely undervalues our business. That I am definitely saying no to...
Today he is asking for 3.5 for just sweat equity, meaning no contingencies nothing. I would have to trust that he can do the job. I did contact some of his old references, and the fact of the matter is he is a genius at sales and closing large clients. It is worth it in that sense, however he only works in technology and my industry in infant development. So as you can imagine I am quite worried I may be giving up free $$.
However, he does have amazing connections that opened up doors in seconds for us, again it was for the wrong place. So I'm left her saying... thanks but no thanks. But the fact of the matter is within 6 hrs he got us on the phone with a retailer.
So what should I do? Give him 3.5% and make him a partner, it can change the game. Or say sorry and do it on my own?
Furthermore he wanted another 5% for 15k which he admits completely undervalues our business. That I am definitely saying no to...
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. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
