Thanks all for your best advice, I need more advice on how to talk about profit sharing, Can I talk on fixed salary base, or I must go on profit sharing base, if so how much percentage each party will get, I am not going to put any money investment , But I hoped to work hard to generate the expected revenue and guide the team ( 1 salesman only initially) too work hard..., I am not rich but still an expert in my field, on this startup I donot want to waste much money, but still I prefer not to take any risk on a failure business.,, so can I make an agreement like my partner has to take full risk and also the business success, failure can be measured on a sucessfull run for atleast 3 - 4 months...
Thanks all for your best advice, I need more advice on how to talk about profit sharing, Can I talk on fixed salary base, or I must go on profit sharing base, if so how much percentage each party will get, I am not going to put any money investment , But I hoped to work hard to generate the expected revenue and guide the team ( 1 salesman only initially) too work hard..., I am not rich but still an expert in my field, on this startup I donot want to waste much money, but still I prefer not to take any risk on a failure business.,, so can I make an agreement like my partner has to take full risk and also the business success, failure can be measured on a sucessfull run for atleast 3 - 4 months...