All Forum Posts by: Elsa Manatad

do you think a pre-engineered tent is less expensive than building the structure?

I’m planning to organize an upcoming event and need to build a temporary structure that measures 20ft x 40ft, with a height of either 20 or 30ft. I’m considering using materials such as wood, PVC, conduit, or metal pipes, combined with canvas, tarp, or plastic for the covering. Ensuring that the structure is rainproof is a priority. How can i figure out cost?

Could anyone provide advice on the most cost-effective way to construct this and tips on estimating the total cost?

Thank you for your feedback. Here's more context: I recently started a fitness class that's growing quickly, but revenue is low. An established organizer offered me a partnership and wants to give a friend 10% equity for scouting new locations.

Questions:

1. 1.Would hiring a professional real estate agent be more efficient and beneficial than giving a friend 10% equity for this task?
2. 2.How can I convince the owner that a professional agent is the better approach?
3. The right locations are crucial for our success, affecting costs and member satisfaction. Any insights would be appreciated. Thank you!

I was offered a partnership for a physical fitness class. The owner wants to give a friend 10% for scouting new locations. Would it be more efficient to hire a professional agent instead?
If so, how would you encourage the owner that hiring a professional agent is a better approach? 

Two months ago, I initiated a Physical Fitness Class, which has quickly grown to 200 members. However, the revenue hasn't matched the growth rate. An experienced entrepreneur in the same field has offered a partnership, planning to invest $25,000 with a projected $50,000 profit. He has rejected larger offers and suggested I invest $5,000 for an 8-12% stake in the venture.

They uses a cost-free retail space and a reliable, but paid event venue and has 100 attendees weekly. Considering the investment size and projected returns, how should I structure my financial involvement to balance the potential risks and rewards? Also, how can we plan our finances considering the volatility between one stable venue and one that may not be as reliable?

Additionally, I proposed introducing new retail products, and the owner has offered me a 40% share in return for my expertise in retail. I'm thinking about negotiating for a 40% stake in the overall business or a portion of the revenue from new members. What strategies should I employ in these negotiations to ensure the partnership is equitable and beneficial for both parties?

I would appreciate any guidance on managing these types of financial partnerships and navigating a dynamic, competitive market.