WoundedLamb's Posts
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kunkelhanspeter:Hhmm... the doctor should have an answer or, at least, refer you to a dermatologist who can help. Sorry sir. |
Yes! We want more open minded blacks! OP, thank you for this. Could you also do a video on Canadian work ethics and communication? I think that's a major challenge for African and Asian Immigrants here. |
oluoma1: sainthumble:Please, brothers, don't disgrace yourselves any further. Marina is a popular place in Dubai not too far away from Media City. |
She removed fat and so what? Anyway, I think that pic was taken at Marina. **Modified** For the ignorant ones quoting me, Please, brothers, don't disgrace yourselves any further. Marina is a popular place in Dubai not too far away from Media City. |
Why not call your doctor or go to a walk-in clinic? I don't mean to scare you but I'd definitely be very worried if I were in your shoes. |
daewoorazer:Yes, true. Fact. But I wish you'd also defend the women folks with this same vigour and logic when Nairaland guys create their usual threads to call out women. Stay safe. |
ednut1:Don't dismiss their submission. For some people, especially relatively new immigrants, going to work was their only way of meeting and associating with people. With the lockdown, they've got nowhere to go. That's probably the case of the person you quoted. They know the lockdown doesn't prevent anyone from stepping out, that's why they're asking if anyone wants to hang out. |
The report is a bit confusing. Who's paying, residents or business owners? |
daewoorazer:In other words, men's reactions are always justified? Dude, you and I know so well that when a man is tired of a lady, he literally gets mad over NOTHING. Let's stop the pretence and face the truth, the dude possibly just wanted to dumb her ass. |
adadike:I'm pretty sure Google is playing a fast one on me ! ![]()
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DanceMonkey:I honestly don't understand the "men" of these days. It's like most of them don't really outgrow the boyish/teenage behaviors. |
thebosstrevor1:And the ones who weren't prostitutes don't have? |
daewoorazer:You guys always believe the woman must always be at fault. You're even willing to assume what was not shared in the story just to back your preferred horse. |
Juliusmomoh:Lol... why do we always think it's all about us? Even when this is obviously for her awkward satisfaction, you still want to stay in the middle of it. How many men will this attract? You have to learn that people do things that make them feel good about themselves and not always for the opposite gender. |
Kriss216:https://www.nairaland.com/6292454/naira-bounces-back-appreciates-n470#96656799 |
Kriss216:Hhmm... how much is dollar now? |
Lol... Nigerians sometimes forget that celebrities are citizens like them and not politicians or paid civil servants. These guys don't owe you anything. |
Lol... Did y'all read the guy up there who told a story how himself and a few other Nigerians are the only non corrupt individuals left in the country (6th comment, I think)? Let's even ignore the fact that he's made himself the ultimate decider of who's corrupt and who's not, that mindset right there, is the problem of the country. Everyone thinks Nigeria is corrupt cause everyone else is corrupt asides them. We all onhere keep complaining about corruption while projecting the blame to some imaginary entities called "Nigerians". At the end, nothing changes. The guy above didn't steal from the hotel owner, therefore to him, he must be "corrupt free" while others reek of corruption. It doesn't matter anymore what he does outside that hotel. He has so much impressed himself with this 'rare' ability to avoid cheating a business owner to the point that he has made it a motivational speech. Yet that's some people's default lifestyle. I'm sure others have some things they do or do not do that make them feel they are better than everyone else as well. At the end, I wonder who's corrupt. |
OP, the one that entered your room is still a baby bird (this is obvious looking at its beak). The flight feathers aren't fully grown yet and it probably crashed into your room due to poor flying skills. It left the nest a bit too early for some reasons. I do hope it survives cause it's not just an easy target for predators but also very susceptible to cold. |
OfficialAwol:I never disputed the need to have clarity and avoid changes halfway. You still didn't support your submission with any justification, bro. It should be renegotiated, OK fine. And the negotiation I'm proposing is using the equity allocation basis. I gave my reasons. That I'm using the existing equity percentage as a reference does not make it less a new a negotiation. Let's not make it look as if it cannot be re-used simply cause the ratio has been used before. Like I said, it's already a negotiation of it's own. If you think that is not ideal, then the question is, what is the negotiation you're bringing forward and why? It's not enough to say it should be renegotiated cause that is already what is happening and that is why we are here. You think future expenses should be shared according to profit allocation like the student guy said? If so, any business or mathematical logic behind that line of thought? To further support my own stance, recall that these future expenses were not factored in when they made in the initial agreement. If the person that did the initial cashflow projection did his job well, a budget head for these expenses would have been part of the 80:20 deal and we wouldn't be having this discussion. However, since the business has not kicked off, it is still early enough to bring it in. But if the renegotiation would end up changing the percentage contribution in the long run as a result of these expenses, then they should be ready to renegotiate the profit sharing as well cause mathematically, that's directly proportional to the contribution in cash and in kind; the agreed profit sharing is a factor of the agreed contribution (cash or kind). Using the agreed profit sharing to allocate a part of the contribution will only lead to an infinite cycle. Now, seeing that the student guy wants to maintain the initially agreed profit sharing, he can't easily push for a change in equity contributions (it's actually a change cause regardless of the fact that it's unforeseen, it's still part of the equity contributions that could have gone with the initial pool if they had enough visibility). These two are like the two sides of a pendulum, you can't just move one part without moving the other except one party is reevaluating his initial expectations (which no one would). |
OP, goodluck. It's been an interesting conversation and I'd love to stay and continue rubbing minds with the business management gurus above but I'm on a different timezone and I must return to work now. I'm afraid by the time I'm back, the thread would have gone far. I suggest you pick one or two things from each person's contribution and make an informed decision. Ciao ![]() |
OfficialAwol:What if you failed to understand is that there's no business yet. The discussion should lead to the creation of one and everyone must agree before that will be actualized. The stakes only come afterwards when the business has gone live and the highest contributor automatically becomes the highest risk bearer aka stakeholder and that is where the decision making edge comes from. At this stage in business development, what matters is the initial agreement and provided each person is needed for the business to come to live, everyone must agree. Only suggestions and counter suggestions can be made. Having said that, you must also appreciate the fact that the decision making edge of a stakeholder that comes after the business has been birthed only applies to leadership/directorship (investments, cashflow, expense approval, etc.) and does not, in any way, give him any right to alter or dictate the memorandum of association. You don't tell people what they will contribute or gain, you suggest and they agree or disagree. Now, down to your point, you said unplanned expenses shouldn't be shared according to your the initial contribution. That's very much subject to debate and I gave the reasons for my stance above. Any business justification for increasing Sam's expenses in future even when it wouldn't necessarily have any impact on his agreed profit? I take it that when you say different terms for different scenarios, you mean it's not obligatory to share future expenses according to initial contributions. That, I agree with. It's not carved on stone. But there should be a justification for changing contribution strategy. |
fykes:Let's stop talking like motivational speakers and get practical. The discussion they are having is very ideal for the success and sustainability of the business. First, the primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility and there'll be no business if there's no foreseen financial benefit aka profit, vision or no vision. So profit doesn't only matter, it's practically the goal of the entire project. Second, vision for the business suggests that the owners want to see it go far and beyond. Such dream/vision, contrary to your submission, actually necessitates adequate planning at the early stages of the business development. Again, discussing equity/profit ratio is one of the key components of such planning. Finally, it's an inevitable discussion and only someone who hasn't had any practical business experience would call it trivial. Two people are contributing money unequally to start up a business and you don't think profit distribution is a worthwhile discussion? So if you bring $10m and I bring $1k for startup, we shouldn't talk about how the profit would be shared cause there's vision? |
Lurcky:Good day sir. You didn't tell us Sam's response to the above proposal but I assume he declined. Otherwise, we wouldn't be having this discussion. Was there any reason Sam made a volte face regarding the initial agreement of 59:41? From my understanding, when the knowledge of the possible future expenses surfaced, the argument should be about how such unplanned expenses should be split (either by profit ratio or equity ratio). So I'm a bit thrown off balance when the whole discussion went back to the already finalized profit sharing plan. In my opinion, the time, energy and skills brought to the table are as important as the financial contributions. However, I believe the profit sharing strategy initially agreed upon already takes care of that. 50:50 would be an overstretch seeing that Billy wouldn't totally be absent and would fully rejoin the business after a while. In fact, that would be unfair to Billy. Now talking about sharing the unplanned expenses, I strongly believe doing using the profit ratio would only muddle things up unnecessarily. Everybody's contribution to the business is their equity and there should be a single equity percentage for easy calculations/management not just for this precise scenario but for many others in future. They already have a working equity ratio, regardless of when the cost is incurred, this ratio must be obeyed. If not, it might become difficult over time to evaluate each person's ownership. Let's be fair to Sam, there's no justification for increase in equity contribution (even if it's a future unplanned cost) without any impact on profit sharing. Thus why it's simpler to keep equity at the same ratio so that profit ratio doesn't have to change. In summary, I suggest they keep the profit sharing as planned and also share the future expenses according to their initial contributions. This way, nobody wins, nobody loses; both get a part of what they desire. Most importantly, there should be a signed memorandum of association accompanying the business plan documents. |
Lol... what is an achievement, please? |
If it was a lady that typed this, y'all would say women don't know what they want. I only pity the young lady that took a baby for boyfriend. |
Beautiful! |
marsman:Lmao... what a way to welcome the gentleman. |
AgeKen13:Really, did you decipher my linguistic competence from a couple of posts? Lol. No, I'm not a prof. I'm just a regular user of the language. Thanks for the compliment all the same. WoundedLamb is a very personal choice of appellation for me but at this point, why I chose it doesn't matter anymore. What matters is what it has come to represent over time and that is the struggle against discrimination of any kind, and oppression of the minority or people of divergent traits. I've been on NL for many years and I've used different usernames over this period of time. For me, each username depicts a phase, a shift in ideology or a new crusade. WoundedLamb is a crusade against intolerance. The forum doesn't really support one-on-one conversations but I feel comfortable discussing anything here cause even though it's public, it's also faceless and, therefore, somewhat private. Lol. See you around, Mr. Age Ken! |
6digitscomrade:I'm constantly healing. Thanks for asking. ![]() |
omenka:Hahaha... |
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