(For Long Term Wealth Building Purposes!)
Some of you may already recognize the name Fred Gleeck. If you do. You know Fred is definitely one of the experienced wealth building experts. On or offline BTW.
Who’s consistently made a ton of money. Selling various types of information based products. He’s also successfully marketed more than his fair share of digitally based products and services as well.
But he also knows how to help business owners, (start ups) and service providers dramatically increase their front and long term back end gross profits too. So much so to the point. He successfully negotiates for equity percentages in his high end clients businesses. As opposed to the simple revenue sharing arrangements.. The average JV (Joint Venture) partner receives.
Just for the record fellow profit seeking entrepreneur. Which arrangement do you currently prefer?
Of Course Traditional Revenue Sharing Makes Sense When You’re Not In Business For Yourself!
The traditional revenue sharing arrangement I’m referring to. Is a basic job. You know. Where the owners pay their employees. Either by the hour or a salary. And or a commission. Based off a percentage of revenue they generate per sale. Or per the gross amount they generate per day, week or month etc.
The real point I’m emphasizes here is. When you and I are being paid either so much per hour. Or a baes salary. Regardless of how much money you and I help the company generate. You’re never offered any equity in the business or service, correct? 😀
Because where the real long term wealth is generated, correct? Granted, you and I can invest in stock in various publicly traded companies, right? But unless you/we own a substantial amount of shares.
It’s not really gonna amount to much, right? On the other hand.
Strategically Growing Your Business With Some Help Is Quite A Different Thing!
One of the strategies Fred and other qualified experts often use is. After they successfully demonstrate their expertise. The next step is to successfully negotiate receiving some type of equity stake in the companies they help generate profits for.
And because the owners feel more than satisfied with the results they’ve received thus far. And they want to continuously see the value of their companies grow. They’re okay with sharing a future equity stake.
As opposed to doing a standard revenue sharing arrangement. Obviously it’ definitely gonna take a lot more, real world skills. To persuade a business owner or service provider to compensate you and I with equity ownership.
As opposed to simply receiving a percentage of the profits you and I help them generate. (And for the record. It’s probably not a good idea to start out. When you’re basically a glorified beginner. Trying to negotiate equity sharing type arrangements.)
It Really Depends On How You Define Income Generating Activities!
But here’ the question I wish to pose to you. Entrepreneur, would you be willing to have an experienced expert like Fred. Or someone else on his level. Personally train you and I. On “how to” consistently find potential transactions for him. So he could negotiate receiving some type of equity percentage in the business.
But initially, as you and I get our feet wet. And gain some potentially valuable real world experience. So Fred or the qualified expert would keep anywhere from 75- 90% of the equity positions on the 1st five or seven or X number of deals.
Because in reality. It’s Fred’s ability to properly evaluate these potential deals. He now has enough real world experience. To know “which” deals to avoid. And which one’s to pursue, correct?
What’s that type of real world experience worth? Especially when you and I are initially starting out. Are he might just pay you and I a front end finders fee percentage of X per transactions.
Then once you and I gain enough real world experience. Then you and I could go 50/50 with him. Or another potential investor. The investor puts in the needed cash. For yo and I to implement our various marketing strategies and tactics. And you and I negotiate some type of equitable percentage split.
So given the choice ladies & gentlemen. Do you prefer standard revenue sharing arrangements? Or would you rather eventually develop enough real world expertise. To successfully negotiate for equity stakes in the various businesses or service providers you help.
You May Currently Feel Getting A Steady Paycheck Beats Creating Long Term Wealth!
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