I'm staring at an option to enter into a profit-sharing 
arrangement with a businessman. Basically, he provides the cash 
and premises and eqipment and I provide the direction. It's a 
trainer's dream come true!
The area is my speciality - desktop training - and I am to get a 
pretty free reign in setting out the product, guiding the 
salesman etc.
        However, I have absolutely *no* experience in defining on 
        paper how a profit-sharing arrangement works and would 
        appreciate some filtered-down wisdom. 
At our previous meeting I tabled a "$500 per month retainer" 
proposal document, and given the anticipated six months before 
the venture might show a profit, proposed that a $100/hour fee be 
paid monthly as an advance on my side of the profits. I figure 
that as long as I'm being paid hourly rate until the profits have 
materialised (and been evident for a while), I can't lose. 
Thanks in advance for any hints, suggestions or tips.
From      christopher.greaves at pro-mail.com
          christopher.greaves at ablelink.org
 * 1st 2.00b #6263 * People and Computers
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