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Old 10-08-2008, 05:47 PM   #19
THE eXchanger
Avalon Senior Member
 
Join Date: Aug 2008
Location: Spiritual eXplorer-Canada
Posts: 4,915
Default Re: my personal situation

51-49 for $10,000 -- that is NOT a good deal at all

you do all the work -- and, he gets 49% - forever,
that is a very bad choice for you
excellent for him --- esp; in light without you,
there is no business, since you got the talent,
and, he's got the money

you would be better to borrow $10,000 from him
at 5-8-10-12-13-15% interest
(at the very highest amount of interest )
and, pay him back over a 1 year time frame/or 2 year time frame/or 3 year time frame - out of all the profits

and, then keep 100% for yourself

this doesn't sound like a friend to me,
it sounds like an opportunist !!!

what does a business like this net in a year ???

you do all the work - and, he gets 49%

sounds like he's getting you to be "his slave"

also, if you can run a business from home,
that is almost always the best way to do it,
if you can - since, you got to live somewhere,
and, it appears, you desire to put roots down
somewhere -- also ask yourself, is the area, you are considering
a safe zone ???

love susan
the eXchanger
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