Questions

I don't have much cash to work with and I am working on developing a mobile app. However, I want to find a good designer to work with. I don't want to give them equity but I do want to pay people for their work. Would you recommend promising (in writing) a profit percentage? If so, how much would this be?

This is what we like to call a revenue share. If I believe in the person, along with h the product and// or service while having the time to invest, I have been known to participate in the past. It's essential to understand this endeavor is a gamble and long term investment that may not make a single red cent. If this happens that is the calculation of risk we decided to take. If it doesn't work out as business plan suggest we can't have hard feelings later. It is high risk for a potenttial tich reward. That said as we are all well aware, most businesses fail in the first five years. Please proceed with extreme caution, at your own risk. I am not a fear monger , simply protecting the interest of all involved. Transplant , Crystal clear expectations are beyond crucial to protect your bottom line , in business we don't have any friends. Often this is a great way to loose a friend. This is my opinion , with obvious brutal honesty. Others may have the answer you wish to read. I have played this tape forward and in this arena would have to say thank you but no thank you I would not be willing to participate


Answered 4 years ago

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