Snafu with New Business - npc, your Thoughts & Opinions PLEASE |
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Snafu with New Business - npc, your Thoughts & Opinions PLEASE |
Scott Carlberg |
Mar 22 2004, 02:22 PM
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#1
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Porsche MOTORSPORTS Group: Members Posts: 1,595 Joined: 17-April 03 From: Modesto, Ca Member No.: 580 |
I'd really like to get your opinion on the situation I'm currently going thru.
Here are the details: Matt & Scott were going to start a new business out at the local mall. Matt has some experience with this type/location of business. This new business is/was Matt's idea, although it was Scotts persistence & encourgement that almost got it going. Matt & Scott were going to split the costs 50-50 to get the business started. Currently, Matt has a full-time job, 8-5 Mon-Fri, at which he will become 1/2 owner of in Jan '05, having agreed & signed the paperwork with the one partner of the two current owners who is retiring. Currently, Scott is not working and lives just 5 miles away from where the business would be. Although Matt works just 5 miles away from where the business would be, he lives, with his fiance, about 45 miles away from the business location. Matt has now stated a couple of times that because of his job and where he lives, he does not see himself spending much time out at the mall with the business. Maybe one-3hr closing shift a week, if that. The mall is open 72hrs a week, or 288hrs for a 4-week time period. Figuring a PT person works 25/week, 100 hrs in the month, Scott would then work the remaining hours, 160-188hrs/month. Matt wants to distribute the money in the following way: - 1/3rd to pay the bills; - 1/3rd to Matt & - 1/3rd to Scott However, after putting some numbers down on paper, Scott does NOT think that's a fair deal for him. For example, IF the gross was $10,000 for the month: $3300 - bills (33%) $3350 would go to Matt - for being 1/2 owner AND having worked 3-12hrs for the month; $3350 would also go to Scott - for being 1/2 owner AND having worked 160-180hrs for the month. Scott has suggested a lower Base Pay, and then an agreed upon Hourly amount paid per the number of hours worked. My question, simply is: WHAT DO YOU THINK? Is one scenario more fair than the other? Why, or why not? >>> IF you've gotten this far down on this thread, THANK YOU, your thoughts & opinion are very mich appreciated, as I realize this situation REAlly only matters to one person on this bbb! (IMG:style_emoticons/default/wavey.gif) |
Scott Carlberg |
Mar 22 2004, 06:19 PM
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#2
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Porsche MOTORSPORTS Group: Members Posts: 1,595 Joined: 17-April 03 From: Modesto, Ca Member No.: 580 |
Thanks ldino21,
I think something like you said, similiar to what others here have said also, would be the fairest for all parties involved. |
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