I have an investor who is willing to fund me opening up a gym what are some of the cautions i should be concerned with in regards to that. What things will i need to have in place so i make sure that my gym and business run itself.
if someone who has done this before is interested in taking me under their wing to help me learn this process than i would be very grateful!
This is a huge opportunity for me and i want to make the most of it so please help!
First of all congratulations. I am sure you are excited and overwhelmed by this opportunity.
I concur with the answers provided by Susan and Harris.
There is a lot to be addressed in your question but I will focus my answer based on your primary concern – the investor…
Here is what I can suggest in terms of any type of partnership venture:
The investor, generally, is the one that is the most at risk. If you have been presented with a partnership agreement, have your own independent attorney review it (so there is no conflict of interest) and advise you of the risk and benefits.
Are there any specific conditions that the investor has placed on you that concerns you?