Wednesday, June 7, 2006

Should I give 50% of my new business to my brother? -

I m having a small dilemma.....I ve recently started a business in central London. Its a small agency which supplies a range of alternative therapists to private clients either in their home or hotel. Having worked in this industry for many years I have a very good knowledge of how this business works, and have come up with a concept and website which I think will really work. I asked my brother for advice as he does global marketing for a big agency in town and he said he liked the concept and the website was ok but could be better. He then said he would help me with the marketing but wanted 50% of the business but I know he doesn t really have much experience with website marketing although his partner does. I feel that 50% of my business is too much and that perhaps the sharks are circling.... am I being paranoid? I ve asked friends what they think but none of them have a business so its a difficult one to judge. He says he could make me alot of money but I don t see how especially as he s already got a full time job, am I being taken for a rid by my own brother??????? Would love to hear from anyone in the same boat....Thanks

It sounds like he just wants a cut of the pie so to speak. I would decline his offer. If you need help with the design and promotion of your website you can go to www.elance.com you can hire professionals to do jobs for you.Are you planning on selling products from your website, if so you ll need a payment gateway so be sure to include that. Start a blog, a newsletter, email advertising, put an ad in the local paper, local area classified ads websites, send out cards etc. Good Luck!

Absolutely not. If he seriously has a skill that could benefit your business, employ him. Not on a regular basis but on a job by job basis. Otherwise, steer clear. If your business needs more marketing than you can provide, consider using the services of a professional. The money would be better spent. Going into business with a family member has all sorts of pitfalls. It s your business, keep it. If your brother was a good brother, he would share his ideas with you and offer support and encouragement without expecting something in return.

Thats a really big ask from your brother. maybe he has watched too much dragons den. why would you give away half your business. imagine that he is not your brother, would you do the same for someone who has a vague amount of experience in marketing your sector.i know some one who lives near you who has worked in that business for years and knows the business inside out and if they try really hard will be able to do much better than your brother....YOU!

definitely not. i would never open a business with a partner much less a family member because there will eventually be conflict and it will hurt your relationship in the long run. i would tell your brother, thanks but not thanks and hire someone to help you

NO WAY! If you want to give him a part then make it a MAXIMUM of 49% so that you retain control.But my advice is that you pay for the work that they do, and retain 100% of the business.Partnerships never work out well anyway.

No, don t do it - the worst ship that ever sailed - a partnership. You can pay someone to do what you require, he s after a quick fix to earn some fast money.

Never give anybody 50% of your business! He may or may not be looking to rip you off, but don t take the chance. You have enough experience in this field to go it alone. As your brother, it would have been a nice gesture if he had offered to help, but to ask for 50% of the business in return for his help seems greedy to me. He will only be giving advice as he has no time to commit to the business - you would be doing the majority of the work. To avoid a family argument, just tell him thanks for the offer but this venture is something that you really want to do on your own.Have you had some classy flyers printed that the Hotels may allow you to leave on reception or in the rooms? Most Hotels have a welcome pack in the room that introduces people to local services and amenities.

Total agreement with everyone so far. Don t do it! He doesn t have the time or possibly the skills to be a business owner.Pay him as a freelance for anything that he demonstrates he can do within the time you need it done. You re running a business and it doesn t matter whether it s family or not you need things done in a business-like manner.We brought my son in on one of our businesses some years ago and then threw him out because he wasn t pulling his weight. He couldn t devote the time and effort to the business but expected his cut.Make sure any agreements that you do have with him, even as a freelance, are in writing so that there s no room for debate if there s a problem. And usually there will be a problem and inevitably it will be about money.Good luck!

Quick way to for money? -

wats a quick way for a 16 year old boy to get money i need it by this Saturday (200)

Go to your neighbors, explain that you are looking to earn some money, and see if they need any odd jobs done, such as painting, or hauling things away from a garage.

I say follow that Star girls advice, you can do shore jobs for other people in your block.I used to do that when I was young and it was quick cash. Is pretty good for you.I m sure you get allowances and if you know your neighborhood very well or area, talk to the people around and let em know. Is a nice lil job on the side for the meantime.

as you are young to do job,you should be honest ask for your self why you need this? for what purpose your going to spend this money and ask your parents DO NOT STEAL its bad

What are the steps in creating a business...? -

I am looking at a couple apartment complexes that I want to buy. What would the steps be in order to create a business and get a loan to buy the property?

1. Original Idea/Concept2. Saving up Money3. Research Developmental Areas4. Accept the risks

Since you already know What you want to do, you need to start working toward that goal. You will need to show investors or a bank that you are willing to risk your own money in order to prove that this is a good venture. So, you will need to invest your own money as well as a loan. Do the research. Find out how many units are currently empty. Why are those units empty? Will you realistically be able to maintain at least a 90% rental rate? How much competition is there in the rental market in your area? Are there any new properties being planned for your area that could compete with you in the next couple of years? Does the town or county offer tax incentives if you buy these units and try to bring in new residents? Will the town or county help you bring in new residents? If so, how? You need to answer alot of questions to make the sales pitch to a lender or investor. Answer their questions before they even know they had any questions.In the meantime, you need to establish your company. The first step is to figure out what form of company is appropriate for property management. Some are LLC s, LLP s or corporations. Corporations are the most costly to start, but could offer good tax benefits in the long term. Discuss this with a tax professional familiar with business taxes. My company is an LLC because it is just my wife and myself with no employees. Once you decide on a business type, name it. I am a strong believer in putting my name on my business. I believe it shows that I am very comitted to my business. But, I can see why some businesses may not be appropriate for the owners name. Come up with something that sounds good and is easy to remember. Register your business with the Secretary of State if you opt for an LLC, LLP or Corporation. If you decide on a sole proprietor, check with your town or county tax collector to see if you need to register an assumed name certificate or any other paperwork with them. Talk to an attorney before you buy any existing business. You will want to know what the laws are concerning rents and when and how you can change the rent for existing tenants. In my state, you can not raise the rent for one year, even if my lease ends during that year. You would be forced to wait until my subsequent lease ends to raise the rent, potentially almost 2 years if the timing works against you. That would be important to know if you decide you need higher rents to make the business viable.Make sure you get the right insurance. Talk to several insurance agents and ask alot of questions before you decide on one.Keep your personal and business accounts separate. Open your business account in a different bank ansd use it for all of your business transactions. Never use your personal account for a business transaction. That is very important when you run an LLC or LLP as you could lose the protection these businesses provide for your personal assets.Good Luck.

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DWP(dept.of work and pensions) benefit advisor question? -

what is the name/number of the declare part time earnings form..ie when signing on...

Form B7

I WOULD LIKE TO START SEAFOOD STALL . SO SOME GOOD NAME FOR MY STALL PLS SUGGES NAMES FOR MY FISH STALL? -

NAME SHOULD BE REACH TO THE MIDDLE CLASS PEOPLE

People like funny spelled things. You could easily take what it is that you are selling and simply change the way it is spelled but not pronounced.Examples:Fysh FoodF!sh FoodSee-Food MarketSimple things like that are memorable. You want something that sets you apart from the other guy . Take those examples and run with it.

Best kind of websites that generate great income? -

is it porn,web searches,review site,download sites,what?

websites that sell REAL products

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