Quote:
Originally posted by Bill
Sounds like an interesting challenge. Not necessarily my idea of a good time anymore, because a lot of ego massaging will be involved, tons more so if your capital is as inexperienced as I still suspect they are.
It's actually a pretty typical business management problem, except that this business is porn, with the emotional charge and risks that brings.
Probably the safest thing for you to do is to propose to begin the job at a weekly "salary"(actually a contracted management fee per week) payment with an option on a percentage if the project succeeds past a certain defined point. That way you can jump in and start working, they have the benefit of being able to change their minds.
This is equivalent to a fixed fee plus costs plus a percentage, except that it is in effect cancellable week by week. In your contract/letter of agreement define a series of review dates, at which time the contract can be renegotiated. You can raise your fee, propose a bid for the whole job, or your clients can "fire" you, on those dates.
Anyway, sounds interesting.
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i like the idea of the setting review dates where the agreement can be changed depending on how things turn out.
i might have to see if i can that into my current agreements.
you have some great points here.. thanks
