So that is what having kids are for? Indentured servitude? On Thu, Mar 17, 2022 at 2:59 PM Steve Jones <thatoneguyst...@gmail.com> wrote:
> I really am hoping my boy gets behind it, I want him to vest in 5 years. > but with another partner it may not work that way > > On Thu, Mar 17, 2022 at 3:30 PM Chuck McCown via AF <af@af.afmug.com> > wrote: > >> I really dislike partners that are not my kids. I would not ever give up >> controlling interest. I have had some 50/59 deals that worked. >> >> Sent from my iPhone >> >> > On Mar 17, 2022, at 11:44 AM, Steve Jones <thatoneguyst...@gmail.com> >> wrote: >> > >> > >> > So im buying out a friends business. Not big, small drill and such. >> Enough that a guy can get started and build upward. I just am afraid of >> heights and want to get lower and build something with my kid. >> > >> > I have an interested party that made me an offer, it will get me a >> second truck and mini excavator plus a pretty substantial recurring >> investment, about 80 percent of what im paying. >> > >> > He wants to know what i think is a fair percent for the offe. But i >> cant see any way that has a return for him with me retaining any ownership. >> > >> > Im projecting best case around 220k revenue in the startup year, and >> fuel is laying claim to a pretty big chunk of that. >> > >> > This is a guy who tried to recruit me last year, and hes made clear hes >> looking to invest in a person. While that is roses, im not sure how it >> scales to a return for him. >> > >> > I can see buying into an existing outfit, but this just seems to have >> no way where numbers make sense. >> > >> > >> > -- >> > AF mailing list >> > AF@af.afmug.com >> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- -- *Sam Lambie* Taosnet Wireless Tech. 575-758-7598 Office www.Taosnet.com <http://www.newmex.com>
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