I have an established small yet growing business and just recently bought out my business partner. The company was founded in my youth, not in a smart or correct way, I did not know what I was doing. I was burned. I connected with another individual who is very interested and experienced with goals of being a partner in my business, and I have no idea how to make an attractive offer that makes sense but also protects me. Is it over the course of a few years? Any help much appreciated!
You have to ask yourself: Why I need a business partner?
What value this partner can bring to my business? How much this value costs? Does he/she shares the same values and has same vision like I do?
According to answers you can prepare a nice offer and a small presentation.
But do not forget to connect with your lawyer and prepare all the documents in a proper way, defending your part in the Company. (always do this)
Remember, that conflicts between partners are the fastest way to the destruction of the company.
Have questions? Call me. I am MBA, PhD, professional in business transformation and business development.
Answered 4 years ago