Reply To: Equity for WebDev/Lawyer 


By  Matthew King

Reading time:


Share this

Remaining reading time:


Avatar of Matthew KingMatthew King
  • Total Post: 143
Points: 1,662
Business Consultant 1

Welcome to the Forums Tim!


Congratulations on getting your business plan in line and starting something! What I can say going into business with friends is to lay out clear expectations, roles, and responsibilities.

What you don’t want is going into business with your partners and then not knowing exactly which items or roles they are going to play.

The easiest way to do this is to do an organizational chart, then to break down types of tasks, activities, and responsibilities under those roles. Of course, as you grow, you’ll be able to add people and give other accountabilities to other people.

My next question is what amount of work are they going to put into it? Is it going to be as much as you?

Also how well do you know them? Things will get tense sometimes and “fights” might happen. You have to be able to work through that.

I would start off with maybe 5 – 10% range until they have done as much as you have done or you can see they will be good partners.

Just some things to think about is all. I’m not saying don’t do it. Just maybe don’t give the house away too early!


Join & Connect

Link up with others just like you.

Loved this? Spread the word

Related posts

Reply To: Using video to showcase business to investors

Read More

Reply To: How to choose the best fit co-founder(s)?

Read More

Reply To: How to choose the best fit co-founder(s)?

Read More

Reply To: Generate a Startup Idea worth pursuing

Read More
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}