Small Business A is contacted to do a job that is outside of its scope and requires it to get help from Small Business B.
Small Business B has the knowledge and Small Business A captured the initial business. Small Business B is now playing the project lead. Small Business B is going to use their own wholesaler for parts and also use their companies insurance.
Keep in mind Small Business A reeled in the sale but Small Business B has the knowledge and is willing to use their own insurance.
1.) Is a 50/50 partnership on the profit the right way to do business between the two?
2.) Also if Small Business B suggest marking up parts for profit.. What is the correct profit split on the marked up parts?
3.) Small Business B also mentioned labor hours.. Am I missing other profits to be made in the deal as well?
Small Business B has the knowledge and Small Business A captured the initial business. Small Business B is now playing the project lead. Small Business B is going to use their own wholesaler for parts and also use their companies insurance.
Keep in mind Small Business A reeled in the sale but Small Business B has the knowledge and is willing to use their own insurance.
1.) Is a 50/50 partnership on the profit the right way to do business between the two?
2.) Also if Small Business B suggest marking up parts for profit.. What is the correct profit split on the marked up parts?
3.) Small Business B also mentioned labor hours.. Am I missing other profits to be made in the deal as well?