I'm trying to break down a game plan for a new business.
I have the company, license and insurance.
Another electrician has the cleints and leads. We are trying to create a mutually benifitual relationship.
The 2 problems I am having issues with are...
This company is new so we need to put money into the company for trucks, tools, rentals, eventually buying lifts trenchers, etc.
The other is Sales commission, he has most the leads and sales.
Sales commission I was thinking 20% of profit.
Money back into the company I was thinking 30% until the yearly estimated overhead is met, then 10% thereafter.
So what do you guys think of those percentages?
Then I have the total profit after taxes. I need ideas on what to do with this.
First let me say I was thinking, we would pay ourselfs a specific hourly rate. So me and this guy would be paid hourly. If we do the work, we may have employees do the work.
So back to the total profit after taxes, payroll and expenses. I wouldn't mind sharing this with the guy, but I need to take out for me being the master, and company owner. Which I have not taken into account, besides moneys put back into the company.
Do you think I should share this money with the guy?
What percentage would be fair for me holding the license and company.
Like I said I wouldn't mind sharing with this guy, he is getting the leads.
Yaaaa, sooo... any opinions on this. Hope what I wrote is making sense., thanks.
Last edited by Trick440; 09/30/07 05:13 PM.
