I am starting a debt collection business with my friend who is a lawyer. What are some tips?
Aside from making sure your business is running on the right side of the law, I’d say it’d be important to find out what kind of debt you’re looking to collect.Would it be:B2BB2CInternationalGovernment/Private SectorDepending on the TYPE of debt you’re looking to collect, the method by which you collect it will vary wildly.If you have a practicing lawyer on your side, then B2B is fair game. Otherwise working on behalf of a large company that specializes in B2C or being serviced based might be better for you.Government contracts are given out to well known firms or collection houses, so you’ll need to build up a reputation before attempting to get those (again, the process will differ depending on where in the world you are)
Is it legal to 'steal' a business idea?
If what you mean is “"is it legal to exploit someone else’s idea” then the simple answer is “yes”, but most people would consider it morally questionable. Of course, if the idea is patented, copyrighted or under some other form of protection then of course it would not be legal. On the moral/ethical front, then you may wish to consider where you came across the idea. Obviously, if it had been told to you in confidence then you would be breaking that confidence, which might or might not be illegal. If it were just out there, in the public domain, then I guess it would be fair game - after all, anyone who makes a commercial idea public knowledge, without protection,is asking to have it “stolen”, and I can't see blame being attached to that.Seems like the decision is down to you and your conscience.
My friend came up with an amazing game idea, but he does not know anything about programming or development. How should I split terms, because I would end up doing all the work, and he would be putting in the necessary money?
I was considering entering into a partnership to develop a music app. The guy with the idea is world famous musician with over 100k followers on Facebook. When he posts a video on Facebook it gets 1,000,000s of hits. So I'll develop the app and he'll advertise it. I have the technical skills and he can drive sales. In terms of risk, I'll be carrying all the risk but there are lots of developers in the world and far fewer famous musicians. In this case I think that 50-50 is fair. The other day I also got a call from a guy who wanted to pitch me his idea. We talked and I asked his role in the project. He said "I'm the ideas man" I come up with the great ideas and you implement them... At that point I knew that it wasn't going anywhere. Everyone has, or think they have, great ideas. People with app ideas aren't rare or scarce. People who have the technical ability to develop an app are far more scarce then people who think they have great ideas. So is 50-50 really fair? I take on all the risk and put in all the work and all the other guy is spend 30 minutes telling me his great idea? The most important aspects of launching an app are:1) App idea (value = 5%, risk = 0%)2) developing the app (value = 47.5%, risk = 80%)3) marketing the app (value = 47.5%, risk = 20%)By risk I mean "who stands to lose if the app fails". The guy who came up with the idea doesn't really lose anything. The developer put in 1000s of hours so they stand to lose a lot. The sales person may spend months promoting the app but if they feel it's not worth it they can just walk away.
I'm in a 50/50 business partnership, but the idea was mine, the capital was mine, and my sweat contribution has been greater. Is this fair?
You are very lucky to have this person. By your own admittance, this very well may have remained a small side business. I read your explanation over several times to get the best sense of what has occurred and concluded that this man has very much been the engine of the business's success. You created the concept, plan, structure and business model. You provided 100% of the capital. While he has been the motor, I am inclined to believe that shouldering the financial burden warrants more equity consideration. YET, it depends on how much start-up capital we're talking about. You said your friend was broke & down and out with bad credit. If he were'nt, would he fairly easily be able to supply his portion of financial equity? There is a difference between funding a startup with $10k versus $100k. Clearly, the latter amount involves significantly more overall risk to your financial health and would clearly warrant you taking more equity (65,35). But, if your small idea required small investment that your partner just couldn't afford at that time but would be relatively easy otherwise, and he more than made up for it in his sweat equity, it appears 50/50 may be fair.As for his health issues, and the business debacle that seemingly sprung from it, how you choose to handle that would seem to be based on your own ethics. You are asking, so, I will say that due to my own principles & morals, it would be exploitative of me to strip a partner of well-earned equity due to a one-time mishap related to health reasons. For me, it would be taking advantage of a moment of weakness of his, and perhaps may even reveal some harbored jealousy and resentment at his greater contribution to the businesses success.Whatever you decide, I strongly urge you two to have the conversation with a lawyer or adviser of sorts present. Lastly, I greatly applaud you for giving someone in need an opportunity to better themselves. I'm sure he feels profound gratitude to you. Highly respectable my friend.
What is a fair price to pay my wife for sex? its my idea and she is agreeable.?
$19.95 an hour + tips
I want to have sex with my best friends cousin what should i do?
touchy topic man.. well if u like her ..try n date her first, ur buddy would be more greatful that u r dating her instead of having sex with her just cuz u feel like it. try dating n move from there. either way ur buddy will find out @some time. midawell date instead of making ur buddies cuzin look like she as just a bottycall 4 u. try dating ..good luck!
When is it fair game to kick a guy in the balls?
there is a possibility that my son is going to get kicked in the balls by a girl tomorow. on friday he grabbed a girl at his bustop's chest and ran off. and he's only 12! to impress his freinds maybe? she told a freidn who told my daughter that when she sees him she's going for the balls. i don't know if she's serious or not, but it has my son spooked. he wants me to let him stay home from school. i offered to call the school and/ or her mother, but - amazingly he prefers to accept his fate to the social consequecnes of my call. so my questions are - 1. is he old enough to be getting a boot to the berries for the frist time? 2. if she does it, is it a fair response? thanks
What does "All is fair in love and war." mean?
Hi,Today, I am going to explain really most complicated PHRASE” All IS FAIR IN LOVE AND WAR”.The concept behind the phrase is that some areas of life are so important and overwhelming that you cannot blame someone for acting in their own best interest. For war, this implies that spies, torture, lying, backstabbing, making deals with enemies, selling out allies, bombing civilians, wounding instead of killing, and so on are "fair game" in the sense that by taking these options off of the table you are only hurting yourself: Your opponent has no reason to comply to your moral standards. (This entire concept is mostly void with regards to the current political atmosphere of Earth. Countries have actually declared certain things taboo with regards to war — with mixed success.)The point of adding love to the list is likely to compare it to war. There are two main subtexts here. The first and most relevant is the idea that you can wreak all the havoc you want during the pursuit of true love. This includes sabotaging the third side in a love triangle or using deceit and trickery to woo the object of your affection (including hiding past lovers from them).The second is the viewpoint that ongoing love between two people is akin to a battle that results in a dominant winner. The stereotypical gender wars are similar to this. A man and woman are in love, but a certain unease comes with the territory, and pulling one over on your spouse is fair game because, in the end, all is fair in love and war. For what it is worth, this last point is probably more of a causality (i.e., an unintended, natural consequence) of the individual words in the phrase than any original intended meaning. Most people probably don't immediately think of this type of behavior as matching up with the phrase until after they need an excuse for their actions.Please Share Your Views As Well, So We Can Know More.
Hockey related science fair project ideas?
yea...you can use the ice rink dimensions that hockey players play on. 200x85 ft. you can also look at the NHL rules and guidelines for ice sheets. You can also do what the sticks are made of and how they can flex so much or how the dont flex as much. hope that helps : )