Hi Peter.
'How will the construction industry slowdown effect market demand?'
This is probably my biggest fear. I am confident in my ability and have a very good relationship with my customers but am a little concerned with the way the industry is going. However, if it drops off as a whole the outlook is not positive for either scenario but as Mercman pointed out, i wont be able to 'walk away' from a bad situation, if one developes, after buying into the proposal.
I dont have any specific anti-competitive restrictions in my contract so could trade straight away. In fact, i dont actually have a contract!
I dont think I can get a better deal as the retiree will probably just work on to make up the money if he does not get his way. He is quite beligerent.
'If you expect to be doing 40%-50% of the work, would they agree to a performance bonus or commission system as part of a deal?'
I have broached this and its not a runner. Its basically a take it or leave it deal. They seem to think that I should be biting the hand off them!
I have spoken to someone else about this recently and they advised me to take the directorship offer for the initial two years and see what happens. at worst it would be a good 'career move' (on the basis that (a)if it did not work out clients are more likely to move with a 'director' and (b) future opportunities may be opened at director level elsewhere).
I had thought about this but am not so sure about being a director without profit share! Any opinions on this?
Finally, can anyone recommend a professional who coud advise on these matters. A 'face to face' might be beneficial.
Thanks again.