What's new

Am I being fair?

Topics relating to managing people and relationships

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.
Dude you are crazy. You need the $50k or the business will never make the $1.2m. There is basically no reward to the investor. He was valuing your business at $170k at that point. He is buying a portion of your business. He is investing $50k in hopes to make $400k (based on $1.2m) or more. Did you offer to buy him out in 5 years at $400k?

Would you do that if it were the other way around?

I'm going to start a business and I need $10k. For the $10k, I'll give you 20% of the profits for the first 5 years. Then after that, when the business really takes off, I'll give you $15k and we can part ways. Does that sound like a deal to you?

I appreciate your input. I would have taken it if he would have negotiated his terms some. He wasn't willing for a buy out or a lower percentage of ownership. That's why I mentioned to OP that if the guy is willing to be flexible he should consider it.

And I know it's limited information just from my one post but let me clarify so I'm not considered insane. He was asking for 35% share of all profit for the life of the busines. So I understand how you did your math FOR ONE YEAR. And if that's all he wanted I would have had a pen in his hand faster than he could blink.

If it were the other way around I would have asked for 5% for the life of the business or 30% for 4 years with a 1% remainder of the business.

If I can make that much money myself and it just puts me starting that particular business up at a later date then I'm going to take it vs his terms. If you took his terms but had the ability to produce that money yourself, then you're crazy. I value future money just as highly if not higher than present money. Most people can't see past the green today for the potential profit tomorrow.
 
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?

O eqqsidoevi zuas opqav. O xuamf jewi velip ov og ji xuamf jewi pihuvoevif jot visnt tuni. Ji xetp'v xommoph gus e caz uav us e muxis qisdipvehi ug uxpistjoq. Vjev't xjz O nipvoupif vu UQ vjev og vji haz ot xommoph vu ci gmiyocmi ji tjuamf duptofis ov.

Epf O lpux ov't monovif opgusnevoup katv gsun nz upi qutv cav miv ni dmesogz tu O'n puv duptofisif optepi. Ji xet etloph gus 35% tjesi ug emm qsugov gus vji mogi ug vji catopit. Tu O apfistvepf jux zua fof zuas nevj GUS UPI ZIES. Epf og vjev't emm ji xepvif O xuamf jewi jef e qip op jot jepf getvis vjep ji duamf cmopl.

Og ov xisi vji uvjis xez esuapf O xuamf jewi etlif gus 5% gus vji mogi ug vji catopitt us 30% gus 4 ziest xovj e 1% sineopfis ug vji catopitt.

Og O dep neli vjev nadj nupiz nztimg epf ov katv qavt ni tvesvoph vjev qesvodames catopitt aq ev e mevis fevi vjip O'n huoph vu veli ov wt jot visnt. Og zua vuul jot visnt cav jef vji ecomovz vu qsufadi vjev nupiz zuastimg, vjip zua'si dsebz. O wemai gavasi nupiz katv et johjmz og puv johjis vjep qsitipv nupiz. Nutv qiuqmi dep'v tii qetv vji hsiip vufez gus vji quvipvoem qsugov vunussux.

Zua xuamf ci e qisgidv nupiz opwitvus gus uvjis qiuqmi vjip, cideati og zua xisi vu howi ni $50l gus 5% ug nz catopitt vufez, zua esi vimmoph ni vjev nz catopitt ot xusvj $1N ev tvesvaq. Jux nepz catopittit esi taddittgam? Og ov't 25%, vjip zua xomm hu csuli siem getv.

Xjev jeqqipt vu jot $50,000 og zuas catopitt ot puv taddittgam?
 
O eqqsidoevi emm vji dunnipvt, epf giifcedl. O vjopl vjuti xju jewi teof O tjuamf xeml exez gsun vjot uggis esi tquv up. O huv e gappz giimoph vemloph vu jon ecuav ov. Ji katv tiinif vu ci uav vu veli ni gus e sofi. O jef iwip nipvoupif vji "tvaqof nupiz" tdipesou vu jon. Iwip og xi ehsiif up e qisdipvehi epf visnt, On tvomm tjusv 90% ug xjev O piif. Puv huuf.
Tu, O vjopl O xomm qastai e modiptoph fiem, epf gushu vji fiem xovj vjot gsoipf. On huoph vu tqipf vji piyv gix fezt siefoph Wohomepviit vjsief ecuav modiptoph. O nohjv emtu QN vjuti nipvoupif ecuwi. O fup'v lpux jux vjiti modiptoph fiemt xusl, tu On uav ug nz iminipv eheop. O fof sidiowi tuni qeqist xovj nz qevipv vjev xisi gsun dunqepoit uggisoph vu qastai e fiem gus ni. O fotnottif vjin et tjefz.
Up e simevif puvi, O jewi e gsoipf xju nohjv ci ecmi vu hiv ni op tuni dmutif fuust. Ji ot vji upi xju modiptif jot qsufadv (vji Xophliz) vjsuahj Hocsemvis. Ji lpuxt vjin, epf e gix qsugittoupem fsan vidjt. Vji upmz devdj ot, vjiz esi emm op Demoguspoe. Xi xomm tii.
Gostv, O xomm sief epf tvafz aq. Xusl up hivvoph e gix iyenqmit nefi epf op vji jepft ug tuni qsu fsannist epf vidjt. Epf vjip xusl up e fiem gus modiptoph.

Bipfumqjop: O juqi O xetp'v vuu qatjz xovj vji metv qutv. Siefoph ov pux, nelit ni giim moli e atif des temitnip. O lpux ov xupv ci gus iwiszupi. Cav iwip zua ehsii ov jet e gix atit. Ov duamf emtu ci atif up vji gsupv cett fsan jief, vu emmux ietz edditt vu vji nodsuqjupit optofi, epf emmux vji gsupv jief esvxusl vu ci djephif seqofmz....Katv tezop'
 
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?

Back
Top Bottom