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I agree with everything said so far.
"Partnerships are tough"
"Not a unique business plan"
But I think it is critical that it be a true partnership - 50/50.
This goes to so many levels. It is not a partnership unless both are equally committed and at risk. If he wants to be the 60% then just say no thanks, 'I'll be the employee and you pay me'. He'll say 'but I don't have any money'. You say 'Yep, that's why this should be 50/50'. You need me, I need you. I have found that any "partnership" even proposed at anything other then 50/50 didn't work because somebody thought they were more important than somebody else.
I have started and ran 4 different companies. If I couldn't do it myself and hire employees, I didn't do it.
You will find lot's of other people to say the same thing.
Good Luck, I know you will come to a good decision, whatever that may be.
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I am just a simple man trying to make my way in the universe...
"Go confidently in the direction of your dreams. Live the life you have imagined." - Thoreau
"Nothing great was ever accomplished without enthusiasm" - Emerson
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