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  1. Thread: industrial partner

    by van
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    49,539

    Woops, correct... I'm getting terms mixed up. Not...

    Woops, correct... I'm getting terms mixed up. Not investor, contracted labor rather, with "investor" incentives. Or maybe we can call him a short term investor, it has a better feel :) ... No...
  2. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    Helpful, indeed! Thanks for the additional...

    Helpful, indeed! Thanks for the additional incentive tips, spider!:) The 20% partner will be treated as an investor, which excludes him from ownership. So it'll be like, instead of investing...
  3. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    Yes, quota and corresponding bonus will...

    Yes, quota and corresponding bonus will definitely be announced a week prior to concerned month. :) and yup, maybe smaller but regularly scheduled bonuses would be better than big amount but...
  4. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    spider, no, we're still incorporating the end of...

    spider, no, we're still incorporating the end of the year scheme, will calculate the best % for all when the real figures for base pay are established... I was just explaining how the original plan...
  5. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    We're on the same page-- i think I'm the...

    We're on the same page-- i think I'm the confusing one. Sorry.

    Hypothetical: Minimum wage $1,000 a month
    Employee A basic salary: $1,200 (just a little above minimum)

    Method 1:
    For every...
  6. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    spider, I didn't really see the commission as a...

    spider, I didn't really see the commission as a bonus, but more of a performance based partial salary; the other portion would be the regular minimum- above minimum wage. So the more they close, the...
  7. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    sequoia, thanks:D spider, no, it's bonus on...

    sequoia, thanks:D

    spider, no, it's bonus on top of the commission--- um, is that too much? Oh, maybe we can combine both systems, that way even the non-sales people can be included as well. Very...
  8. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    altho this is out of the initial topic concern,...

    altho this is out of the initial topic concern, hope it's ok to discuss it here.

    spider, i meant yours is more flexible amount-wise. What we were considering was a target based performance bonus...
  9. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    sequioa, yes, when we briefly discussed it, he...

    sequioa, yes, when we briefly discussed it, he seemed open to the idea of a % in profits. We didn't discuss salaries yet, that's why i wanted to clear in my head first exactly what salary arrangement...
  10. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    spider, i guess that's what it is. He is no...

    spider, i guess that's what it is. He is no Michael Jordan. He is competent and all that, but there is no premium about him per se that will advance the project exponentially. Applicant D, E and F...
  11. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    hi, spider. i understand what you're saying but...

    hi, spider. i understand what you're saying but why do i still have this gnawing feeling about that arrangement? Sorry, i really don't mean to be difficult, i just need to convince myself that this...
  12. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    hi, sequioa! thanks for your thoughts. re...

    hi, sequioa! thanks for your thoughts. re salaries: it'll be scheduled eventually when sales are satisfactory and can sustain such. it won't be in the immediate 6 mos or maybe year after the...
  13. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    Hi, spider! thanks for the reply. I just find it...

    Hi, spider! thanks for the reply. I just find it a bit tricky. We are 3 in the business (hehe, it's just a modest one, nothing spectacular). Partner A and B both shoulder the financial investment...
  14. Thread: industrial partner

    by van
    Replies
    32
    Views
    49,539

    industrial partner

    hello. i'm new here. i decided to join as i saw the other threads as being very helpful-- and i was hoping you guys can help with my question.

    i was wondering if anyone's familiar with industrial...
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