a question for the entrepreneurs - GoFuckYourself.com

03-14-2004, 04:12 PM

This thing recently hit my head today

lets say you "launch" a company
you pay for all the $ needed to launch it, set it up, its running perfectly...
and one day you decide that instead of working in it as the owner, you want it to become an asset, so you make someone else run it 100% for you, so all you do is kinda forget about it and collect some money

how would you pay the person who runs your company for you? (let the company be big or small)

would you pay him a %? 25%? 33%? 50%? 75% 95%?
or would you pay him a flat fee? (depending on how big the company is)

thanx in advance for your input!

maxjohan · 03-14-2004, 04:13 PM

polish_aristocrat · 03-14-2004, 04:14 PM

03-14-2004, 04:14 PM

Quote:

Originally posted by maxjohan

you really find it funny?

hova · 03-14-2004, 04:15 PM

I would pay a certain % because that makes makes people work harder. I think the % shouldn't be to high because you have put in the cash for the company and therefore take all the risks. But then again it depends on the situation, so I can't give you a good answer

Persius · 03-14-2004, 04:15 PM

Quote:

Originally posted by polish_aristocrat
,

WTF ?

03-14-2004, 04:15 PM

Quote:

Originally posted by hova
I would pay a certain % because that makes makes people work harder. I think the % shouldn't be to high because you have put in the cash for the company and therefore take all the risks. But then again it depends on the situation, so I can't give you a good answer

thanx for your answer! according to you, what would be a fair %?
thanx

$5 submissions · 03-14-2004, 04:17 PM

% system based on income milestones.

Quote:

Originally posted by bdjuf
This thing recently hit my head today

lets say you "launch" a company
you pay for all the $ needed to launch it, set it up, its running perfectly...
and one day you decide that instead of working in it as the owner, you want it to become an asset, so you make someone else run it 100% for you, so all you do is kinda forget about it and collect some money

how would you pay the person who runs your company for you? (let the company be big or small)

would you pay him a %? 25%? 33%? 50%? 75% 95%?
or would you pay him a flat fee? (depending on how big the company is)

thanx in advance for your input!

03-14-2004, 04:18 PM

Quote:

Originally posted by $5 submissions
% system based on income milestones.

thanx 5 dolla! I shoulda came and asked you on ICQ before even posting here

but it's interesting to see what most ppl think of a situationlike this

maxjohan · 03-14-2004, 04:19 PM

Quote:

Originally posted by bdjuf

you really find it funny?

You pay flat fee+ bonus that's how real business man works... like

.

Grogan.

liquidblue33 · 03-14-2004, 04:19 PM

There are alot of different ways to do this. The most common is to
hire a GM (general manager). His or her job is essentially to
oversee your entire operation, so you don't have to. All other
employess will now report to him. Normally a base salary is given, just like any other position. However a handsome bonus structure is introduced, to motivate the GM. Set of certain sales and profit goals. If the GM can hit these marks they will earn more and more in bonuses. This is there true motivation. you don't really want to give them a % because they are not really an owner. Also this person has to be extremely trustworthy, but that is stating the obvious. Hope this helped

hova · 03-14-2004, 04:20 PM

Quote:

Originally posted by bdjuf

thanx for your answer! according to you, what would be a fair %?
thanx

Depends of the company. But since you put in the cash and it allready runs perfectly, I think you should find somebody that does it for a max of 50%. But you should only pay him a % if he has the ability to increase the profit, if not just pay a flat fee.

I dont consider myself to be an entrepeneur but I have some dude running a company for me and he used to get a flat fee. But now I pay a % and all of a sudden the profit has increased 45%.

03-14-2004, 04:21 PM

Quote:

Originally posted by liquidblue33
There are alot of different ways to do this. The most common is to
hire a GM (general manager). His or her job is essentially to
oversee your entire operation, so you don't have to. All other
employess will now report to him. Normally a base salary is given, just like any other position. However a handsome bonus structure is introduced, to motivate the GM. Set of certain sales and profit goals. If the GM can hit these marks they will earn more and more in bonuses. This is there true motivation. you don't really want to give them a % because they are not really an owner. Also this person has to be extremely trustworthy, but that is stating the obvious. Hope this helped

indeed it did!

so you think of it as a flat fee with bonus'
and others can see it as % as a real source of motivation

thanx alot!

03-14-2004, 04:21 PM

Quote:

Originally posted by hova

Depends of the company. But since you put in the cash and it allready runs perfectly, I think you should find somebody that does it for a max of 50%. But you should only pay him a % if he has the ability to increase the profit, if not just pay a flat fee.

I dont consider myself to be an entrepeneur but I have some dude running a company for me and he used to get a flat fee. But now I pay a % and all of a sudden the profit has increased 45%.

there we go

congratz on the $ increase dude!

slackologist · 03-14-2004, 04:22 PM

flat fee with performance bonus %

cayne · 03-14-2004, 04:26 PM

dont think that this will work very well.

03-14-2004, 04:50 PM

Quote:

Originally posted by cayne
dont think that this will work very well.

what wont work very well? making someone work for you?

03-15-2004, 02:51 AM

reynold · 03-15-2004, 03:03 AM

Nice advise.

VideoJ · 03-15-2004, 04:10 AM

Salary + bonus based on hitting performance goals (sales, profits, employee retention, etc).

Jedimaster · 03-15-2004, 04:17 AM

hey bd

if the person believes in your business plan,,,give them a % basis.

Shoehorn! · 03-15-2004, 04:22 AM

Quote:

Originally posted by bdjuf
This thing recently hit my head today

lets say you "launch" a company
you pay for all the $ needed to launch it, set it up, its running perfectly...
and one day you decide that instead of working in it as the owner, you want it to become an asset, so you make someone else run it 100% for you, so all you do is kinda forget about it and collect some money

how would you pay the person who runs your company for you? (let the company be big or small)

would you pay him a %? 25%? 33%? 50%? 75% 95%?
or would you pay him a flat fee? (depending on how big the company is)

thanx in advance for your input!

In my opinion there are a LOT of factors that would determine such a thing. For example, the size of the company, the industry, how many employees, revenue, etc.

03-15-2004, 01:09 PM

Quote:

Originally posted by Jedimaster
hey bd

if the person believes in your business plan,,,give them a % basis.

I like that way of thinking

to me, it seems as if the % will establish a much better connection between you and the person.

also it is a huge motivation to work as hard as possible, as much as possible, as smart as possible

wtfent · 03-15-2004, 01:59 PM

I am having a kid soon and when she starts getting old enough Im going to do the same and pay a very trusted business partner of mine 40% to completly run the company and from there I want to start out on my next big business venture which is going to be a real estate investments company.

Pun · 03-15-2004, 05:28 PM

I agree with the majority of the posts here in paying based on a percentage system.

-Pun

raster · 03-15-2004, 09:02 PM

I think it depends how bad you need him and how easy it would be to replace him if he ever quit.

If he's indispensible, partner status is best.

If he could be replaced, the best pay structure is salary plus incentives for hitting documented benchmarks.

03-14-2004, 04:12 PM	#1
buddyjuf Guest Posts: n/a	a question for the entrepreneurs This thing recently hit my head today lets say you "launch" a company you pay for all the $ needed to launch it, set it up, its running perfectly... and one day you decide that instead of working in it as the owner, you want it to become an asset, so you make someone else run it 100% for you, so all you do is kinda forget about it and collect some money how would you pay the person who runs your company for you? (let the company be big or small) would you pay him a %? 25%? 33%? 50%? 75% 95%? or would you pay him a flat fee? (depending on how big the company is) thanx in advance for your input!

03-14-2004, 04:13 PM	#2
maxjohan Confirmed User Join Date: Dec 2002 Location: Sweden Posts: 7,219	__________________ I went from 100 to 313,000 satoshis in 2 days! Lots of daily freerolls...

03-14-2004, 04:14 PM	#3
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	, __________________ I don't use ICQ anymore.

03-14-2004, 04:15 PM	#5
hova Traffillionaire Industry Role: Join Date: Jan 2002 Location: ICQ:209371571 Posts: 22,430	I would pay a certain % because that makes makes people work harder. I think the % shouldn't be to high because you have put in the cash for the company and therefore take all the risks. But then again it depends on the situation, so I can't give you a good answer __________________ http://traffillions.com/ Sign up and get lifetime revshare on your traffic

03-14-2004, 04:26 PM	#16
cayne My time is coming... Join Date: Jan 2004 Location: Europe --- eMail: service(at)badasscompany.com --- ICQ: 60288510 Posts: 7,476	dont think that this will work very well. __________________ If lesbian anal is wrong, I don't want to be right.

03-14-2004, 04:19 PM	#11
liquidblue33 Confirmed User Join Date: Feb 2004 Location: Tampa, Florida Posts: 130	There are alot of different ways to do this. The most common is to hire a GM (general manager). His or her job is essentially to oversee your entire operation, so you don't have to. All other employess will now report to him. Normally a base salary is given, just like any other position. However a handsome bonus structure is introduced, to motivate the GM. Set of certain sales and profit goals. If the GM can hit these marks they will earn more and more in bonuses. This is there true motivation. you don't really want to give them a % because they are not really an owner. Also this person has to be extremely trustworthy, but that is stating the obvious. Hope this helped

03-14-2004, 04:22 PM	#15
slackologist Confirmed User Join Date: Jul 2002 Location: Earth Posts: 2,379	flat fee with performance bonus %

03-15-2004, 03:03 AM	#19
reynold Too lazy to set a custom title Join Date: Oct 2002 Location: Global Traveler Posts: 51,271	Nice advise.

03-15-2004, 04:10 AM	#20
VideoJ Confirmed User Join Date: Aug 2002 Location: S. Florida Posts: 750	Salary + bonus based on hitting performance goals (sales, profits, employee retention, etc). __________________ Somebody stole my damn signture...

03-15-2004, 04:17 AM	#21
Jedimaster Registered User Join Date: Dec 2003 Posts: 2,120	hey bd if the person believes in your business plan,,,give them a % basis.

03-15-2004, 01:59 PM	#24
wtfent Confirmed User Join Date: Nov 2003 Location: San Diego, Cali. baby!!! Posts: 3,790	I am having a kid soon and when she starts getting old enough Im going to do the same and pay a very trusted business partner of mine 40% to completly run the company and from there I want to start out on my next big business venture which is going to be a real estate investments company. __________________ ThisWillShockYou.com DVD Store - TWSY UNCENSORED ICQ# 194020367 E-mail: shockingbucks(AT)gmail.com Promote something different!! Shocking Bucks

03-15-2004, 05:28 PM	#25
Pun Confirmed User Join Date: Oct 2003 Location: Seattle Posts: 379	I agree with the majority of the posts here in paying based on a percentage system. -Pun __________________ TrafficHolder.com - Buy/Sell Adult Traffic ICQ: 18771941

03-15-2004, 09:02 PM	#26
raster Confirmed User Join Date: Aug 2003 Posts: 784	I think it depends how bad you need him and how easy it would be to replace him if he ever quit. If he's indispensible, partner status is best. If he could be replaced, the best pay structure is salary plus incentives for hitting documented benchmarks.