Forums: Discussions for entrepreneurs and small business.

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Signature for Rent - 5 Dollars a month.

Enabling him to participate in the results (sales revenue/profit generated) of his development efforts is a good way to keep him involved. I can`t speak to the percentage - but if you both agree that the exchange is value for value then it`s probably the right number. Be sure the agreement spells out ownership and rights.

However, before you move forward "officially - I`d suggest giving some thought to your business structure.

If you`d like to discuss your specific situation, send me a PM or contact me directly.

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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

Good idea on offering an incentive, but what is Plan B? By that I mean, once the applications and scripts are developed, how critical will this person be to the improvement to and the maintenance of them?

 

Other questions and thoughts that come to mind:

• In any business arrangement, if a key player (IT or another function) wins the lottery (as opposed to getting hit by the proverbial bus) and call the owner with, “…remember by face because you won’t be seeing it any more.” How do you replace that intellectual capital?
• If the application becomes wildly successful, will you be held hostage down the road? I know you indicate it your point A that he will do it, but you never know…
• Are the applications and scripts such that someone with a similar skill set can pick up where the key player left off?
• For any IP that results from the applications, who owns it?

Granted, assuming the relationship is tight, the above won’t happen. But stuff does happen. That is why there are things called lawsuits.

 

What is really comes down to is this – what level of risk are you comfortable with? Once you determine that, it doesn’t matter what any of us suggest, you go forward.

 

Good luck.

Ed Baloga, CPA / MBA
Principal CFO
Baloga Associates
ebaloga@baloga-associates.com
www.twitter.com/edbaloga

Personally I started with buying one submitter and using it to submit other people`s sites for a small fee. After getting enough money I bought another software and used it in the same way. After some time I had all the softs I needed so I started to my career as a SEO. IMHO when you are starting the business money is needed but the willingness to do anything to get the job done is MUCH more important.


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London Escorts

Is this considered a Limited Partnership? Whats this actually called?

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Signature for Rent - 5 Dollars a month.