This is my first post, hope this is in the right section. I just want to take a second to say how awesome it is to have a community as dedicated, open and generous as this- I’ve learned so much already!
Here’s the deal:
I currently run my own window cleaning business, which is primarily me with some occasional part time help. While I am in the process of getting my business completely off the ground, I have a standing arrangement with another window cleaning company who I work for as a sub-contractor a few days a week. We have a great working relationship and it’s been a mutually beneficial arrangement. The owner of this company recently approached me with an offer to take over running the day to day operation of his company. He’s at the point where he wants to take a less active role in running his business and hopes to spend more time with his family/ do some traveling. I’m hoping to get some outside feedback on how to approach this.
As it currently stands, I earn 60% commission as a subcontractor (I have my own insurance, vehicle, ladders, equipment etc). If I decided to take him up on his offer to take over managing his business, I think sticking with commission based compensation would probably be the easiest route. Do you agree? In exchange for managing the daily operation of his business as well as still doing a large portion of the work myself, my initial impulse is to aim for around 80% commission. What do you guys think? Have you navigated a similar situation, and if so, how did you structure it?
Thanks, looking forward to hearing your thoughts!