I'll try to make this as short as possible without leaving out anything important.-Started a rage room (destruction room, break room) a little over 2 years ago in upstate NY-Has been successful and profitable (aside from COVID)-Been looking to open up a 2nd location in Syracuse, NY this year. Waiting for COVID to clear up a bit more.-Started an online course 6 months on how others can start a rage room-Course has a non-competition agreement in the terms and conditions for anyone within 100 miles of me. Someone bought the course in Syracuse, NY without reading that.-Refunded him for the course. Got to talking about working together.He is coming from Syracuse to visit my location tomorrow. And I'm a bit unsure about this potential partnership. I really don't need anything from this individual. Except for him to run the business in my absence. (Which I know is a lot.) I have the capital, expertise, and other various things in place ready to open this 2nd location.I feel that a 50/50 partnership is not the way to go here. Because I think I'd be doing almost all of the heavy lifting. Especially in the beginning due to my expertise. Plus, I don't really want someone clashing heads with me regarding the choices needed to make the business succeed.Already have some experience being in a partnership at my first location before opening that was an absolute nightmare. Someone that didn't pull his weight and that I didn't need anything from.But, he may not be interested in anything less than 50%. I want someone running the business to have some skin in the game. Just, not 50%. Having someone set to run this 2nd location would allow me to get out to open a 3rd location much quicker.Hoping to learn more about him tomorrow when he comes to visit.Should I even be considering this partnership? If so, what are some partnership suggestions that would work for both of us? How can I use my leverage that I don't exactly need him to my advantage? And how do I communicate this without sounding like a jerk?I know I've left out a lot of details. Feel free to ask in the comments. see hubwealthy.com/wealthy
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