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Way forward (Issues (LP scrutinising my working hours and holidays - why?,…
Way forward
Issues
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LP looking at me as employee - I joined LP to be a partner and grow a business, and to gain from that - not to sacrifice part of my earning capability
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Les - contribution
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Rent @ £22k p.a. min, plus rates etc
5 Year Profile
With Talon
Annual Costs
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DA Pay £120k, CASH = approx £96k a year, less expenses
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3 Years (age 51) to pay LP £100k, 5 years (Age 53) to pay LP £150k.
Considerations: No spare for pension, house deposit, mortgage, living life beyond month to month. BUT, if £250k or over a year then picture changes. ALSO, can we reduce overhead?
No control over 3 - 5 years, LP calling the shots.
Cost to bring in other fee generators, but no upside until after equity transferred, apart from reduced overhead
Value in Talon
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Unsaleable right now, no profit, no fee earners locked in, LP would exit
WHY Talon?
Platform - to build business, two man partnership or otherwise
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Without Talon
Lone Consultant
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Costs
£10k if home based, £20k Serviced Office, £50k with DI
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With Another
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Costs
£60k - serviced office plus DI, split 50/50 = £30k (or maybe ANother on 70/30 which at £150k pays £45k of the £60k overhead, leaving me £15k to pay.
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Join another firm
70/30 split on £200k = £140k surplus, staff or ltd co
Revenue forecast
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£48k - £80k for Q1
Liam would 'defer' for me, probably £27k