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- Kia ora,I currently have my own small business but have been approached by a contact overseas who wants to open a local office here in NZ. There is an opportunity for me to run the local operation here and help to build it from the ground up. The business is successful but will take some time to get going here locally and start bringing in revenue. I have worked for the company before and have a great relationship with the owner despite having not worked together for many years. Question: I have no idea on how I should be looking to structure the arrangement as this is all quite new and foreign to me!! I would like to be able to have an informed conversation and put forward a proposal that we can work on together. Should I be looking for salary + equity + profit share. Just equity. Hourly rate while we build it up and then share. Just salary. It’s new ground for me so really appreciate any advice and guidance around how to tackle this. Many thanks in advance Manaaki community!
- Reply To: Kia ora,I currently have my own small business but have been approached by a contact overseas who wants to open a local office here in NZ. There is an opportunity for me to run the local operation here and help to build it from the ground up. The business is successful but will take some time to get going here locally and start bringing in revenue. I have worked for the company before and have a great relationship with the owner despite having not worked together for many years. Question: I have no idea on how I should be looking to structure the arrangement as this is all quite new and foreign to me!! I would like to be able to have an informed conversation and put forward a proposal that we can work on together. Should I be looking for salary + equity + profit share. Just equity. Hourly rate while we build it up and then share. Just salary. It’s new ground for me so really appreciate any advice and guidance around how to tackle this. Many thanks in advance Manaaki community!
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Andrew Hamilton
Admin
@andyadmin
Reply submitted 29/05/21 @ 06:39am
::Hi there – I thought about this some more – there are many paths or options. How about you start working collaboratively with your contact to work through and agree what is the ‘opportunity in NZ’ and ‘how you might go about accessing that’ – if you have agreement on the size of the opportunity and what you might do to get that underway and going, then you can move to ‘how do we remunerate’ for doing this work.
So focus on the opportunity first.
Then focus on how you win, get paid.
Good luck.
I think focusing on the rem first might create too many barriers.
Also – you should have a review at the end of the first period or say year to go ‘is this working, what do we need to change’ – this for both parties.
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