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Nairaland Forum / Lurcky's Profile / Lurcky's Posts
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Politics / Re: Please Judge This Business Proposal Between 2 Business Partners by Lurcky(m): 6:54am On Dec 04, 2020 |
musabayokanu: Thanks for the advice |
Politics / Please Judge This Business Proposal Between 2 Business Partners by Lurcky(m): 4:54pm On Dec 01, 2020 |
Good day all, Please I need your Judgement and advice on this, cuz I know that There are entrepreneurs, business strategists and educated people on Nairaland I will just go straight to the point cuz I’m not too good at telling stories. Billy and Sam decided to setup a business as partners. Out of the capital (100%) required to startup the business in their own little way after making all the necessary enquiries. Billy agreed to bring 80% of the capital while Sam brought 20% of the capital (cuz he doesn’t really have much at he moment according to him). Since Billy is in his final year in school, he won’t be around for a very short period, Sam is to manage the business while Billy will assist him. To this end, they had an initial agreement that profits should be shared between them as 59% : 41%. (Billy gets 59% while Sam gets 41%) While planning the business, Sam made projections that the beginning is going to be very difficult cuz they may not begin to see profits immediately and the capital will not be enough to cover the daily, weekly and monthly expenses/cost of operation of the business. That at some point, they will need to use their personal money or resources to keep the business going, till it is strong enough to carry itself. Billy then said, that if it is going be so, the expenses should be handled by them in the ratio at which profit is shared which is 59% : 41% in any case the business cannot handle its expenses or cost of operation. Sam disagreed and said, It’s not going to be convenient for him, that such expenses should be Handled by them in the ratio at which capital was brought and profits shared equally. That is Sam is saying that Capital should be 80:20, Expenses 80:20, Cost of Operation 80:20 and Profits 50:50 because of his inputs. Billy disagreed that it won’t be convenient for him to bring 80% of the capital, expenses and cost of operation but profit is 50:50. Pointing out that the reason Sam is running the show is because Himself (Billy) will not always be around for a very short period and he will also assist Sam in managing the business. But Sam refused and threatened to back out of the whole deal. Billy then said if Sam wants it his way he should bring 50% of the capital and Expenses and Himself(Billy) will also be available for equal inputs in the business. Right now this is an issue Please Nairalanders please judge and give advice NB: Billy has the capability to run the whole show himself. Regards |
Business / Judge This Business Proposal Between 2 Partners And Advice by Lurcky(m): 10:02am On Dec 01, 2020 |
Good day all, Please I need your Judgement and advice on this, cuz I know that There are entrepreneurs, business strategists and educated people on Nairaland I will just go straight to the point cuz I’m not too good at telling stories. Billy and Sam decided to setup a business as partners. Out of the capital (100%) required to startup the business in their own little way after making all the necessary enquiries. Billy agreed to bring 80% of the capital while Sam brought 20% of the capital (cuz he doesn’t really have much at he moment according to him). Since Billy is in his final year in school, he won’t be around for a very short period, Sam is to manage the business while Billy will assist him. To this end, they had an initial agreement that profits should be shared between them as 59% : 41%. (Billy gets 59% while Sam gets 41%) While planning the business, Sam made projections that the beginning is going to be very difficult cuz they may not begin to see profits immediately and the capital will not be enough to cover the daily, weekly and monthly expenses/cost of operation of the business. That at some point, they will need to use their personal money or resources to keep the business going, till it is strong enough to carry itself. Billy then said, that if it is going be so, the expenses should be handled by them in the ratio at which profit is shared which is 59% : 41% in any case the business cannot handle its expenses or cost of operation. Sam disagreed and said, It’s not going to be convenient for him, that such expenses should be Handled by them in the ratio at which capital was brought and profits shared equally. That is Sam is saying that Capital should be 80:20, Expenses 80:20, Cost of Operation 80:20 and Profits 50:50 because of his inputs. Billy disagreed that it won’t be convenient for him to bring 80% of the capital, expenses and cost of operation but profit is 50:50. Pointing out that the reason Sam is running the show is because Himself (Billy) will not always be around for a very short period and he will also assist Sam in managing the business. But Sam refused and threatened to back out of the whole deal. Billy then said if Sam wants it his way he should bring 50% of the capital and Expenses and Himself(Billy) will also be available for equal inputs in the business. Right now this is an issue Please Nairalanders please judge and give advice NB: Billy has the capability to run the whole show himself. Regards |
Education / Pls Who Can Solve This Quantitative Question For Basic 6. by Lurcky(m): 4:02pm On Oct 12, 2016 |
I tried to solve this but to no avail. So fams I need ur help for examples b and c
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Music/Radio / Re: How To Get Signed To A Record Label by Lurcky(m): 5:28pm On Aug 21, 2016 |
Nice write up. its encouraging |
Politics / Re: Militants Accuse Jonathan Of Sponsoring Them - Washington Post by Lurcky(m): 8:28am On Aug 09, 2016 |
Chai these peeps are hell bent on spoiling and destroying the reputation of GEJ, because he gets more attention these days. as far as i m concerned GEJ is Innocent of dis rubbish they are saying until a good evidence is tendered. 1 Like |
Nairaland / General / Re: Paul Pogba Completes Record Transfer To Manchester United From Juventus by Lurcky(m): 8:15am On Aug 09, 2016 |
make dis guy no go flop for man u o |
Music/Radio / Re: Record Label Signing Artist by Lurcky(m): 8:12am On Aug 09, 2016 |
ogbeni many Daniel aderibigbe dey fb |
Politics / Re: Remembering The Apc’s Campaign Of Ethnic Hate Against President Jonathan by Lurcky(m): 8:05am On Aug 09, 2016 |
and Jonathan's average performance was better than all d nonsense they were saying 13 Likes |
Politics / Re: BayelsaDecides: INEC About To Announce The Official Result by Lurcky(m): 11:19pm On Dec 06, 2015 |
HungerBAD:That dream is a bad one indeed 1 Like |
Politics / Re: Declare Me Gov-elect, Audu’s Running Mate Writes INEC by Lurcky(m): 7:28am On Nov 27, 2015 |
Hmmm I m beginning to think that Audu's murderer is in the APC caucus. And he was murdered so that Tinubu's anointed will become the governor. KOgi make una no allow Tinubu play into una head o |
Politics / Re: Tinubu Was Alleged And Proven Guilty Of Killing Audu by Lurcky(m): 7:19am On Nov 27, 2015 |
I know say Tinubu is a bad, self centered and corrupt politician but I don't think he can kill that man. (Until proven guilty) |
Politics / Re: President Buhari’s Most Recent Missteps by Lurcky(m): 3:42pm On Nov 25, 2015 |
4 Likes |
Politics / Re: Lai Mohammed And Senator Godswill Akpabio Pictured Together by Lurcky(m): 5:37pm On Nov 22, 2015 |
kahal29: This ur lie is very very dubious indeed |
Politics / Re: Fashola Will One Day Be The President Of Nigeria - Actor Kunle Afolayan by Lurcky(m): 7:11am On Nov 20, 2015 |
That can never happen |
Politics / Re: My Son Will Rather Die Than Stay Out Of Biafra's Struggle- Kanu's Father by Lurcky(m): 7:36am On Nov 14, 2015 |
juicee1: The only thieves I sense here are 1) The govt who cart away profits made from resources. Collect the nigerian peoples money and do very little or nothing for them. 2) People like you who keep supporting these thieves even with their exposed acts and also robbing yourself and others the knowledge and truth. Shame 7 Likes |
Politics / Re: I Never Stole Nigeria’s Money –alison-madueke by Lurcky(m): 7:28am On Nov 14, 2015 |
AmAechi, Fashola, Tinubu, Kwankwaso, obj should all be tried for their own laundering, then I will rest my case that this govt is the best in the country, if not then its another #Apcpropaganda. |
Politics / Re: Recent Photo Of Former Petroleum Minister by Lurcky(m): 7:22am On Nov 14, 2015 |
Amaechi stole Money to sponsor Buhari's election. Fashola loaned millions of dollars months before he left office and did nothing with it to improve lagos. But where is the money? Instead they were made ministers but all the people who worked under the PDP administration are guilty of the same crime committed by these morons. #Apcpropaganda |
Politics / Re: Buhari Is A Suspect by Lurcky(m): 7:16am On Nov 14, 2015 |
Buhari should stop all these ranting of Fight against Corruption because the people that brought him to power are ALL PRESENT CORRUPT set of people. Nigerians are now wise and will resist any form of impunity and corrupt practices from this govt |
Politics / Re: My Son Will Rather Die Than Stay Out Of Biafra's Struggle- Kanu's Father by Lurcky(m): 7:08am On Nov 14, 2015 |
The igbos have been cheated and cheated and its high someone at federal level including the President, (If he is not a propagandist) start listening to them start paying attention to that or leave the region and its resources alone. 8 Likes |
Politics / Re: Stop Panic Buying, Fuel Not Scarce, NNPC Insists by Lurcky(m): 6:58am On Nov 14, 2015 |
Why won't they say this lie and Propaganda. After all govt officials can get fuel whenever they like, anytime and anyday. If only they stayed in queues to buy fuel like the innocent citizens are doing. I m not sure this person will have the nerves to say this rubbish (indirectly calling Nigerians liars) |
Politics / Re: Supreme Court Deputy Registrar Helped Cut Deal To Halt Saraki’s Trial by Lurcky(m): 6:51am On Nov 14, 2015 |
APC bunch of hypocrites. What they are just doing is Propaganda upon propaganda. I knew that man will still be set free even though he is guilty. Abi who no know Saraki from Kwara |
Politics / Re: To Nigeria's New Minister Of Power, Works And Housing - Endsng's Perry Brimah by Lurcky(m): 10:30am On Nov 13, 2015 |
Oga I hope Fashola will read this your letter because Fashola's tenure in office was a waste of time and resources. His policies back then were mainly for the rich with little for the poor. With the way he handled lagos, he is inexperienced to handle three important ministries merged together |
Politics / Re: To Nigeria's New Minister Of Power, Works And Housing - Endsng's Perry Brimah by Lurcky(m): 10:24am On Nov 13, 2015 |
. |
Politics / Re: Imo Govt. Slashes Number Of Ministries From 22 To 13 by Lurcky(m): 10:17am On Nov 13, 2015 |
Even if Okorocha slashes it to two he won't do anything tangible, he won't even manage it well. This man has disappointed the Igbos very well by showing how in competent he is because he is not managing the resources of that state very well. If Buhari is sincere with his anti-corruption crusade I think he should ask the EFCC to question this man 2 Likes |
Politics / Re: It Was A Big Mistake To Side With The North In 1967 - Ijaw by Lurcky(m): 10:09am On Nov 13, 2015 |
This government is gradually showing signs of irresponsibility starting from appointments to false campaign promises. Well PMB and his APC cohorts should know that Nigerians are getting smarter by the day and any nonsense from them will never be tolerated |
Politics / Re: Which Way Nigeria: Silence On Chibok Girls... by Lurcky(m): 9:58am On Nov 13, 2015 |
For the past 3 months no one has said anything about those girls. I m beginning to think that there were no missing girls in the first place, all these were propaganda by the APC to get to power. Even the so called BBOG campaigners are no longer matching to Aso-rock again and they are no longer calling for the head of the president. Premium times and sahara reporters have gone deaf on this issue. I wonder why people prefer lies to the truth these days. |
Politics / Re: Buhari Denied Us ‘juicy’ Ministries –igbo Groups by Lurcky(m): 9:57am On Nov 13, 2015 |
Not only that he has Marginalised the south East and south-south. As for the President, I advice him to standby his words because the Igbos will not tolerate the insults received in the past. |
Politics / Re: Heavy IPOB March In Owerri This Morning (pictures) by Lurcky(m): 9:52am On Nov 13, 2015 |
Nigeria government should look into this matter ensure and a fair level playing ground for the south east and south south. They are the most prosperous tribe and Region in Nigeria. Anything they want they get and they hate being belittled. PMB should do something like a man that uses his head instead of unlawfully arresting someone for saying his mind. Afterall this seed of discord was sowed by a man from the Southwest and till today he is still celebrated 29 Likes |
Politics / Re: Why Apc’s Alhassan Was Declared Taraba Governor — Tribunal by Lurcky(m): 10:48pm On Nov 07, 2015 |
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Politics / Re: President Buhari, No Time For Remorse by Lurcky(m): 4:52pm On Nov 02, 2015 |
Its a nice write up though. The president should indeed stop the lamenting and start implenting his campaign promises. Stop the blame and lamenting game and start fixing things. BUHARI promised Change and for 5 months nothing tangible has been done for the ordinary people. Nigeria voted for you to take Nigeria above Africa and not to lament |
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