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10 Steps to Bring a Product to Market - Outsource Entrepreneur Model
Step 8 - Set Up a Proposed Deal Structure
Before you start approaching potential partners, you should know what kind of deal you are hoping to set up. Have an idea about what kind of investments each partner will make, how you will divide profits and how you will handle the future of your idea. Remember this isn't the final deal, but just a starting point for you and your partners. No one will sign on a deal that isn't fair for them, so try to make it as fair as possible for everyone involved. Don't devalue yourself in this process though, creating and developing the idea is very valuable and the basis for the partnership.
Need Help with this Step?
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Go to Step 9
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