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Joining a growing company. How to spell out terms before misunderstandings?

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wavestation

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Jan 16, 2013
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Hello, I have the opportunity to join a growing company with a lot of potential.


I have a background that is specific to this industry that will be valuable for the owner.
My expertise could be helpful to the strategic growth of the company. The owner runs multiple businesses and has made allusions to "growth potential" within the organization.


At the current time, the only benefit that he has spelled out so far are sales commisions. We are trying to structure something more concrete, but obviously he also wouldn't want to give guarantees to someone unknown as well.


I'd like more concrete possibilities spelled out at least verbally and signatures in some type of limited partnership agreement.


How should I tread without setting myself up in a situation where i work like crazy later leading to misunderstandings and disappointment?

Thank you so much for your help.
.
 
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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.

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  • 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.
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  • 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.

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