Hi fastlaners
Some background....
So it's been 2 month since my mate told me to read a book which gave me this burning desire to become a entruprenure. We decided to start a digital marketing business he has sales experience and that's really it. I have marketing web design skills and business skills. In the months gone i have gone all out changed my job to give me more time learn everyone I could about running a digital marketing business and also purchase 11 books on business and scaling a business etc. We are ready we will be fully setup by next week or 2.
We planned on doing everything 50 / 50 but to me it seems like I have done all the work i am the one looking everything up in spare time doing the leg work on know what we need to to etc and he hasn't even completed a course I asked him to do so he would have a basic understanding for the business he says he doesnt have time he does have a kid and works a job 6 days a week.
What should i do? a extra hand in getting clients is helpfully. But at the start till the buiness makes money enough for us to quit our jobs then its more than like he wilm do one to two hours a day trhough the week then maybe a one 7.5 hour workday on Sunday
Where as i will be putting in Monday Tuesday Wednesday 10hrs per day then while i work on my night shit thursday to Sunday i will get I will get in 2hours min a day
So I will be working around 38 hours per week to his 17.5 hours i also done all the work finding out what we need to do in order to be able to make the business work i don't sake him off but was thinking that the business should be mine but I can offer him a director position which at the begining wont pay owt but i could also offer him profit share at somert like 30- 70 / 60 -40 rather than ownership 50 50 split.
Any suggestions advice help on sorting this or even a virtual slap if i been stupid any think to help a brother out would be super fu*king appreciated
Some background....
So it's been 2 month since my mate told me to read a book which gave me this burning desire to become a entruprenure. We decided to start a digital marketing business he has sales experience and that's really it. I have marketing web design skills and business skills. In the months gone i have gone all out changed my job to give me more time learn everyone I could about running a digital marketing business and also purchase 11 books on business and scaling a business etc. We are ready we will be fully setup by next week or 2.
We planned on doing everything 50 / 50 but to me it seems like I have done all the work i am the one looking everything up in spare time doing the leg work on know what we need to to etc and he hasn't even completed a course I asked him to do so he would have a basic understanding for the business he says he doesnt have time he does have a kid and works a job 6 days a week.
What should i do? a extra hand in getting clients is helpfully. But at the start till the buiness makes money enough for us to quit our jobs then its more than like he wilm do one to two hours a day trhough the week then maybe a one 7.5 hour workday on Sunday
Where as i will be putting in Monday Tuesday Wednesday 10hrs per day then while i work on my night shit thursday to Sunday i will get I will get in 2hours min a day
So I will be working around 38 hours per week to his 17.5 hours i also done all the work finding out what we need to do in order to be able to make the business work i don't sake him off but was thinking that the business should be mine but I can offer him a director position which at the begining wont pay owt but i could also offer him profit share at somert like 30- 70 / 60 -40 rather than ownership 50 50 split.
Any suggestions advice help on sorting this or even a virtual slap if i been stupid any think to help a brother out would be super fu*king appreciated
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