How to Split Equity In A Partnership Business

▸▸ How to Build a Business You Don’t Grow to Hate: • Watch these 25 minutes...
▸▸ Get My New Book (Buy Back Your Time): bit.ly/3pCTG78
Are you struggling to find the right partner to help you build the business? In this video, I share how to split equity in a partnership business, as well as how to connect with, negotiate and bring on quality people into your organization so you now how to split profits the right way.
Are you an entrepreneur? Get free weekly video training here:
www.danmartell.com/newsletter
Instagram: @danmartell
Twitter: @danmartell

[@danmartell]

Want to start a side business with a different team? How do you split the ownership? This is my framework I’ve used to partner with dozens of companies.

[@idrisoubetrand3787]

Hi Dan, this has been a big challenge for me as I am in the process of establishing a start-up venture. Would love more guidance.

[@sergiodominguez6105]

One of the best business analogies I have heard in a very long time. Thank you for making this video

[@josewalter9592]

Dan, you are the closest thing to a mentor at the moment...thanks! I have watched some your videos over and over, I am amazed that I learn something new each time. I think I am getting close to using some of your advice from this video.

[@narayanidd1361]

Dan, Thank you very much, I always watch your videos, and are always just right for what I need...

[@MrKaugaban]

Wow..tqvm Sir. May The God bless you.

[@baatour]

Hey Dan , could you share with your experience on what entrpeneurs need to know about legal aspects of running a business .

[@TheHowToScholar]

This topic fell in perfect timing for me. Thinking and working on this now. Thanks Dan!

[@danmartell]

The How-To Scholar: Education 👍🏻

[@allnfun6315]

Do you have a video on when to or not to contract software work out?

[@adjustyourtone]

Great information and very clear. Thanks, Dan.

[@danmartell]

Thx Tony! DM

[@inthedms82]

please i hope you see this can i know more about how Richard handles those businesses so he is the CEO of virgin group but not the companies so how does it work?

[@mercuryrhodes]

This info is so valuable thanks man

[@danmartell]

love to hear that, thanks🙏🏼

[@Senseiryan]

How do we compensate them while we are testing the water if we ultimately want to give them equity?

[@dominicyin2993]

I want to bring a partner to look after business when I was interstate, any particular formula to work with?

[@osama2135]

I have a question... I have an idea of an application and I want to partner up with a big company. I want them to take care of the workers of my company, the marketing and any other additional costs. So basically, I have absolutely no budget to start the app but I want to own 50% of the company “the app” without putting my own money in it. I want to own it since I created it and I want to run the operations. Will 50% for the other party will be ideal?

[@AK-jt7ug]

Always gold Dan

[@danmartell]

Abdul Kikhia thx / I've done a tonne of these deals / made all the mistakes - just doing what I can to help others move faster. DM

[@AK-jt7ug]

Hey Dan, if I change the world one day. It's because of the principles you are comfortable with and I saw. I also had experience in project management of big teams when i was young. I think that's why i resonate with a lot of what you talk about. Went from 0 to 25 employees in 45 days in my company and now we're going for profitability. AI projects are being worked on in my company now. I never imagined. Until I realized the power of value and people. And it was all a summer project

[@danmartell]

Abdul Kikhia don't say "If"... you have. Don't discount your impact on the people around you. It's a bi-product of going for your dreams. Your inspiring others just by your actions. It can - and is - that simple. DM

[@nahomtadesse3401]

Hey Dan, Getting involved in a new start up boutique health club. What are the top 3 advises you have for me as an employee negotiating equity? Thanks in advance.

[@danmartell]

1. Ask for the Cap Table 2. Setup a vesting schedule 3. Trust the people you're going into business with. That's about it.

[@yasserhossam8943]

Thank you for the great video, really valuable information I have a question, My co-founder and I have a startup that is bootstrapping and we didn't generated any revenue yet, But we now have a full functional platform (web app and mobile app) that we have spent more than a year and half building and validating and managing the team and creating inbound content to attract users (we are a double sided platform so we work to get users before starting to talk to clients), It costed us a lot of time, effort and money to build and validate it, We now in a big need for a salesman partner and we don't have any money to hire someone, If we want to have him as a partner what the equity should we give to him if the company valuation say 10m$ and his salary in market say 40,000$/year?

[@danmartell]

If he can actually sell and you've done all the heavy lifting then I think 10% max would be a good place to start, and give him a percentage of sales... maybe $50K base + 10% of sales.

[@veronikavanwollen3281]

Great channel Dan

[@danmartell]

Veronika van wollen thx Veronika... means a lot. I put in a lot into this channel and videos. Glad I can help

[@tinanicolau6850]

I counted the fourth are at least 3 times...;)

[@SportsIncorporated]

Hazy, unstructured discussion.

[@allnfun6315]

Do you have a video on when to or not to contract software work out?

[@danmartell]

I think it's o.k. in the early days to build a prototype or MVP... but eventually needs to be brought in house if you want to scale the business. DM

[@allnfun6315]

Dan Martell Got it, thanks! I’d guess the transition or handover from the contracted team to your own group would be tricky and a little emotional at times. And it’d be tough to draw the contractors over to your company.