Hello from NC!
I have a plan. It's been in the works since 2008. I've actually got people working for me for free that will only be paid commission and percentage if they are successful (which is highly possible) and this business is a process (not a quick buck). But I'm hungry for more!
Let me explain (intimate details to the potentially right people only - sorry)...
I am in a position where I can overtake or directly compete with the best of the best. I'm shooting for the stars but honestly even the lower rungs of this business is fantastic. Because I am the founder, I keep significant equity in both what I've created and am given equity from products created based on my original product - to extinction. Basically, I've built a brand.
The leader in the industry rakes in $100 million personal contract a year. She's been in the business for over 10. My business can have success like this if positioning is right. My people are working for it. If all goes as planned, I will have an amazing platform, traffic, and almost unlimited resources to grow it while having substantial guaranteed revenues/income (not to mention my own guaranteed contract).
However, I have some personal issues bogging me down.
Having just picked up MJ's book and not putting it down until I was finished, I realized I was more of a slowlane sidewalker than anything. It pissed me off, admittedly. It's like I ran too fast and forgot to look both ways before crossing the street, getting hit by a moped breaking my leg (not a tractor trailer which would have killed me). I want to change these things about myself.
I've hit financial difficulties that I shouldn't have by losing focus. I admit to them. Now it's time to change.
Unfortunately my road to the fastlane is not overnight and real bills must be paid so I'm forced with a decision: take on an outside investor to let me continue solely on my original plan without falter OR take a full-time job while working on my plan after work. It wouldn't even be a question if it wasn't based on necessity and I had some kind of timeframe to when the plan is worked to fruition, but as a recently married person, I also need to think about my wife.
So experts - I know I've not given much about what my plan is (as contractually from the people working on this for me I can't), but in this situation what do you do? And if you need to sell equity for living expenses, how much is a good percentage (or just a flat percentage return on a principal)?
Will answer anything I can! Gotta go on a run to clear my head!
I have a plan. It's been in the works since 2008. I've actually got people working for me for free that will only be paid commission and percentage if they are successful (which is highly possible) and this business is a process (not a quick buck). But I'm hungry for more!
Let me explain (intimate details to the potentially right people only - sorry)...
I am in a position where I can overtake or directly compete with the best of the best. I'm shooting for the stars but honestly even the lower rungs of this business is fantastic. Because I am the founder, I keep significant equity in both what I've created and am given equity from products created based on my original product - to extinction. Basically, I've built a brand.
The leader in the industry rakes in $100 million personal contract a year. She's been in the business for over 10. My business can have success like this if positioning is right. My people are working for it. If all goes as planned, I will have an amazing platform, traffic, and almost unlimited resources to grow it while having substantial guaranteed revenues/income (not to mention my own guaranteed contract).
However, I have some personal issues bogging me down.
Having just picked up MJ's book and not putting it down until I was finished, I realized I was more of a slowlane sidewalker than anything. It pissed me off, admittedly. It's like I ran too fast and forgot to look both ways before crossing the street, getting hit by a moped breaking my leg (not a tractor trailer which would have killed me). I want to change these things about myself.
I've hit financial difficulties that I shouldn't have by losing focus. I admit to them. Now it's time to change.
Unfortunately my road to the fastlane is not overnight and real bills must be paid so I'm forced with a decision: take on an outside investor to let me continue solely on my original plan without falter OR take a full-time job while working on my plan after work. It wouldn't even be a question if it wasn't based on necessity and I had some kind of timeframe to when the plan is worked to fruition, but as a recently married person, I also need to think about my wife.
So experts - I know I've not given much about what my plan is (as contractually from the people working on this for me I can't), but in this situation what do you do? And if you need to sell equity for living expenses, how much is a good percentage (or just a flat percentage return on a principal)?
Will answer anything I can! Gotta go on a run to clear my head!
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