Most business plans can be summarized in 10 or fewer pages. By summarizing key elements of the business plan, including the risks as well as the rewards, a potential investor can quickly determine if this is an appropriate investment for their consideration. Keep your personal expectations to a realistic level. You will take your business to the maximum level of your performance. Once you have created value, if you are successful, it is possible that someone else will take over and move the business forward.
False expectations lead to disappointment, and law suits.
Make sure expectations on both sides of the employment agreement and the investment dollar are reasonable and well defined. By understanding the reasons for participation and setting expectation levels, these agreements can be thoughtfully prepared to avoid future conflict. It is just like being married. When a key relationship fails, the repercussions can lead to failure of the business. This complimentary newsletter is intended to provide general information.