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Partners
Any entrepreneurs here sign on an active partner while their company was still growing? How did you find one? How did you map out an equity stake in the company? Role and responsibility considerations? Everything.
Little Traveler is still very small...I'm looking forward to the day when I can get a paycheck. And the impending recession means sales are only "good" in 08, though the fall line is looking amazing and we'll start selling in February...will be a a great real time barometer on public opinion about the economy.
My current partner has been awesome, but she was just promoted to VP level at State Street Bank and will have little time for LT. I've developed 3 completely new design styles that will play well in the big markets (young contemporary---fashion-forward young women), one concept to patent, the book concept leading into animation and brand development and so on.
A lot of great opportunities, but not enough time even if I boxed the E and put it in storage and never posted on OT again. And not enough $ until a business plan is written and shopped.
Having a partner on board would be a huge help.
Anyone have experience in this situation?
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Tru6 Restoration & Design
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