4 ms·
Valid point; I'm considering it because my current employment has its own issues I wouldn't mind leaving behind and because new parenting & family responsibilit
by HNadvice 6y ago
Valid point; I'm considering it because my current employment has its own issues I wouldn't mind leaving behind and because new parenting & family responsibilities have limited my time to work & grow the side project.
- mleonhard 6y agoIf you don't like your current job, look for a better one. If you don't have time for your side business, sell it. You can sell your side business to a company and then go and work for that company. That's aqui-hire. Revenue sharing is what you do with business partners. In any partnership, you need to have a lawyer review the contract to limit the ways your partners could cheat you. Becoming business partners while also being an employee is unconventional. You will have a giant conflict of interest. They are a big company. Some director will have control over your side business and may someday cancel it without warning. Then your revenue sharing will be worth nothing and you will hate your job.
- bredren 6y agoYou may want to consider a broker. There will be fees, should you decide to do a deal. However, they supply dealflow and they will work on your behalf. If your numbers are as described you may have acquisition opportunity better than what your being presented now. You will be given a solid idea of estimated value well in advance of meeting anyone, and are not obligated to sell at all. I sold a side project using a broker last year and was pleased with the outcome. If you have questions feel free to contact me.