4 ms·
Sell him some stake - build a clause that you retain ownership and input and control until he can prove he really wants to take it over, once you can assess the
by samstave 7y ago
Sell him some stake - build a clause that you retain ownership and input and control until he can prove he really wants to take it over, once you can assess the value he sees, then you can negotiate what to fully sell to him which works for both.
But don’t be scammed and also don’t look a gift horse in the mouth,
Think deeply about what you want, but do not sell 100% - retain 10% at least no matter what
- zlappo 7y agoHm. I'm open to something like that, but it sounds like he wants me to hand it over and walk away from it. So it's like a "his way or the highway" kind of thing. That's the vibe I get anyway.
- samstave 7y agoThis is all about your ability to negotiate. “Bob, I’ve been thinking a lot about you offer, and I’ve sought advice from people I really trust. I’d like to take you up on that offer, however, I’d like to propose we discuss how to structure this.” Then you ASK him, what were your thoughts. This requires him to show his hand. Which gives you information on how to respond. Then he will say what he wants, and this is where you counter. But I recommend you start high and whittle down to your actual goal of retaining 10%