Hi
I am being ask to run a new start-up business.
There are a total of 4 of us in this partnership. They are all currently working, and so would not quit their jobs at the moment.
I am tasked to write a business proposal, but am now stuck at this capital and shareholding portion:-
1. Assuming the total start-up capital is $40k, how much should each of the 4 of us contribute towards the start up capital? Should i be contributing less cos i will be the person managing the biz fulltime.............???
2. I do not have spare cash, however a good friend can lend this money to me. but i do not want to borrow or take a loan to come up with this capital, what is the best proposal i can come up with regards to the shareholding???
3. All the 3 persons are asking that the start-up capital be as minimal as possible, pay office rent, pay for 1 admin girl salary and is best is pay all these overheads from the profits derived every month from the sales........... the thing is i have this feeling that they are hinting that i should not draw a salary for the start until profits comes in.................all three are holding managerial positions in MNCs, then i taking the plunge to run the biz fulltime...........what do you think is a fair salary i should ask?
4. Last but not least, i can't get along with one of the 3 persons. how to convince the others to exclude this person out of this partnership?
Will appreciate any advice or find out what you will proposed if you were in my shoes.