I good friend of mine owns a transportation company. He owns two, about to be three, box trucks which he sends out on routes, sometimes in-state, sometimes over the road. He has two drivers who work for him, insurance on the trucks, the whole shebang. As he was setting up this company and growing it to where it is right now, he would flex to me, calling me up or sending me snaps of his latest accomplishment because he knows I'm business minded and not an envious person and it paid off.He went on a ten day hiking trip and he asked me to take over his business for that time. While I've been doing that, I've been able to see how his business works from the inside and I'm impressed. I'm considering buying in and seeing if I can't get a stake in his company and a job. He only really has two actual employees, his drivers, but he has 6 or 7 people he has business relationships with.I have 30K in stocks and cryptos. I'm thinking I can invest 10-15K in a boxtruck so that all my eggs aren't in one basket. Box trucks go for anywhere from 8K to 80K so whether I need to work the rest off or I can just buy it outright is to be decided. We can definitely go cheaper as the owner of the business used to be a mechanic. He gets another truck added to his fleet and I get some skin in the game.I figure a job I can do for him would be to call distribution centers and help him find long haul gigs for his drivers. He's mentioned that this is tedious, time consuming, and a pain in the ass. This is just one responsibility I could consistently do, but I'm also graduating with a bachelor's in business Finance this fall, so it's not the only way I'd be useful. He gets someone to help him prevent idle drivers/trucks and also me as a partner, here to help in any way I can.My question to you all is this: I just expressed to you the value I can add to his business. What do you think is a reasonable thing for me to ask in exchange? A salary? How much? A commission? What percentage of the long haul gig payouts should I ask for? A stake in his company? How much? This is a guy who dreams big and I really believe in him. He's got as good a chance at succeeding in this business as anybody, there's nobody else I know who I'd rather get into a business deal withedit: Just realized I never mentioned why I think he'd be interested in me buying in. He mentioned trying to get a loan from the bank so clearly he needs capital, and he choose me to stand in for him so clearly he has some respect for me and thinks I have a good head on my shoulders. He never did outright ask if I'd be interested in buying in, but I imagine he'd be open to it see hubwealthy.com/wealthy
0 comments:
Post a Comment