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Starting New Company with Boss
I have been asked to join my current boss in starting our own consulting business, it is a flattering offer. Basically our previous company was taken over to acquire other areas of the business, as a result we have not benefited from the take over as others have, despite trying to ?join the party?
The new endeavour comes at a time when we were both thinking about leaving anyway, my boss?s golden handcuffs expire in October and I was thinking about working for myself.
The division of labour would be along the lines of he is the customer face and although he would get his hands dirty technically, I would be the main technical resource (we would employ contractors on an as required basis to fulfil specific tasks)
My main concerns are around things like,
1. Business decisions, he is about ten years older than I am, and will be fronting more cash than I am. How do I make sure I can make my voice heard without having to beat him down?
2. Liability, I am a young man, I do not want to be paying for any mistakes well into my later life.
3. Securing our existing customers, we would stand a good chance of taking the majority of our customers with us due to the fact that they all realise that I am central to my bosses service offering of support and consulting services. But also they would have contracts with our employer.
I do think that this is entirely the right move, as we have secured a large customer already based on our reputations, his from a management/customer prospective and mine from a technical one. But time does not take long in passing, and we are looking for solicitors and accountants to help us construct the company. Does anyone have any further advice for me or both of us in this?
TIA
Michael aka Riverdale