a question for the entrepreneurs

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  • buddyjuf
    • Jul 2026
    #1

    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!
    Tags: None
    • maxjohan
      Confirmed User
      • Dec 2002
      • 7219
      #2
      I went from 100 to 313,000 satoshis in 2 days! Lots of daily freerolls...

        Comment

        • polish_aristocrat
          Too lazy to set a custom title
          • Jul 2002
          • 40377
          #3
          ,
          I don't use ICQ anymore.

            Comment

            • buddyjuf
              #4
              Originally posted by maxjohan
              you really find it funny?

                Comment

                • hova
                  Traffillionaire
                  • Jan 2002
                  • 22430
                  #5
                  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

                    Comment

                    • Persius
                      Tap into MOBILE!
                      • Jul 2003
                      • 11779
                      #6
                      Originally posted by polish_aristocrat
                      ,
                      WTF ?

                        Comment

                        • buddyjuf
                          #7
                          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

                            Comment

                            • $5 submissions
                              I help you SUCCEED
                              • Nov 2003
                              • 32189
                              #8
                              % system based on income milestones.


                              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!

                                Comment

                                • buddyjuf
                                  #9
                                  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

                                    Comment

                                    • maxjohan
                                      Confirmed User
                                      • Dec 2002
                                      • 7219
                                      #10
                                      Originally posted by bdjuf


                                      you really find it funny?
                                      You pay flat fee+ bonus that's how real business man works... like



                                      .






                                      Grogan.

                                      I went from 100 to 313,000 satoshis in 2 days! Lots of daily freerolls...

                                        Comment

                                        • liquidblue33
                                          Confirmed User
                                          • Feb 2004
                                          • 130
                                          #11
                                          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

                                            Comment

                                            • hova
                                              Traffillionaire
                                              • Jan 2002
                                              • 22430
                                              #12
                                              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%.
                                              http://traffillions.com/

                                              Sign up and get lifetime revshare on your traffic

                                                Comment

                                                • buddyjuf
                                                  #13
                                                  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!

                                                    Comment

                                                    • buddyjuf
                                                      #14
                                                      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!

                                                        Comment

                                                        • slackologist
                                                          Confirmed User
                                                          • Jul 2002
                                                          • 2379
                                                          #15
                                                          flat fee with performance bonus %

                                                            Comment

                                                            • cayne
                                                              My time is coming...
                                                              • Jan 2004
                                                              • 7475
                                                              #16
                                                              dont think that this will work very well.
                                                              If lesbian anal is wrong, I don't want to be right.

                                                                Comment

                                                                • buddyjuf
                                                                  #17
                                                                  Originally posted by cayne
                                                                  dont think that this will work very well.
                                                                  what wont work very well? making someone work for you?

                                                                    Comment

                                                                    • buddyjuf
                                                                      #18

                                                                        Comment

                                                                        • reynold
                                                                          Too lazy to set a custom title
                                                                          • Oct 2002
                                                                          • 51271
                                                                          #19
                                                                          Nice advise.

                                                                            Comment

                                                                            • VideoJ
                                                                              Confirmed User
                                                                              • Aug 2002
                                                                              • 750
                                                                              #20
                                                                              Salary + bonus based on hitting performance goals (sales, profits, employee retention, etc).
                                                                              Somebody stole my damn signture...

                                                                                Comment

                                                                                • Jedimaster
                                                                                  Registered User
                                                                                  • Dec 2003
                                                                                  • 2120
                                                                                  #21
                                                                                  hey bd

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

                                                                                    Comment

                                                                                    • Shoehorn!
                                                                                      Die With Your Boots On
                                                                                      • Oct 2003
                                                                                      • 22872
                                                                                      #22
                                                                                      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.

                                                                                        Comment

                                                                                        • buddyjuf
                                                                                          #23
                                                                                          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

                                                                                            Comment

                                                                                            • wtfent
                                                                                              Confirmed User
                                                                                              • Nov 2003
                                                                                              • 3790
                                                                                              #24
                                                                                              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.
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                                                                                                • Pun
                                                                                                  Confirmed User
                                                                                                  • Oct 2003
                                                                                                  • 379
                                                                                                  #25
                                                                                                  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

                                                                                                    Comment

                                                                                                    • raster
                                                                                                      Confirmed User
                                                                                                      • Aug 2003
                                                                                                      • 784
                                                                                                      #26
                                                                                                      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.

                                                                                                        Comment

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