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http://www.evancarmichael.com Like this video? Please give it a thumbs up below and/or leave a comment - Thank you!!! "Hello Evan I would like to firstly say that your site is very informative and certainly helps to put things into the right perspective. I am a chef and recently was approached by a marketing mogul who to start my own restaurant. Without going into great detail and taking up to much of your valuable time, the investor has the money and a great interest in my concept. When she and first began discussing the idea we realised she had many dietary intolerances and we both had similar ideas in what we wanted to create in terms of food concept and over all future additions to the business in terms of services for our customers. With that said we realised I had the expertise in terns of food design and of course my many years of experience running other people's restaurants and she had the marketing expertise and the working capital to make it happen. At first I just assumed we would mist likely do a 60%- 40% split in her favour but as we began to develop our concept and strategies and were ready to go forward with contracts and securing a location her father got involved and is insisting to her that because she is basically pitting up all the cash to get the business off the ground he feels she should get 90% and I should receive 10% of the company and 5% of my share of profits to remain in the business toward expansion. Now while I am an excellent chef with proven leadership skills in the business after all she did meet me at the previous place I was running and was my best customer, I am in deed new to investors, partnerships and what is considered fair and acceptable in this area. She of course will be responsible for all the capital required to set the business up and she will also be responsible for the marketing although I will work with her on the concepts. I on the other hand will be responsible for designing the menus, training all the staff, sourcing the produce, working with my sous chef to prep the daily food and of course overseeing all aspects if the day to day business and books. The restaurant hours will be from 9am to midnight 7 days a week and while eventually I hope to acquire a good customer base and enough qualified and reliable people so that I may have time off, it goes without saying that in the first year I will be expected to work min 14 hr days and that doesn't include extra hours I will work on research outside the restaurant operating hours. My point being that even though she is pitting up the money I will be living and breathing the business far more than she will, and although I will draw a wage it will be minimal until the business flourishes. So if I'm giving up a 70k a year package to work fir minimum wage and I will be responsible for the entire operation then is it unreasonable to expect more than 10% share in the business? I had originally expected say 60 - 40 or at very least 70 - 30 with the idea that once the initial capital she invested is paid back that we then become equal partners If you have the time I would be so so grateful of any advice you could offer in this area because I really am at a loss and don't know any other chef well enough who has experience in these matters to get advice from and I don't wish to be a schmuck nor do I wish to be unfair to the investor. I just wish for both parties to be as fair as possible Please help Thanking you kindly in advance for any advice, guidelines and information you can provide Kindest regards Marita"