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Forums›Forums›Business›Startups›A friend and I are going to different colleges but are planning to make a company together using a new idea that we both developed. Since we have agreed to make him the head if the operation, how can I make sure that he doesn’t prevent me from getting a good position in the company?
A friend and I are going to different colleges but are planning to make a company together using a new idea that we both developed. Since we have agreed to make him the head if the operation, how can I make sure that he doesn’t prevent me from getting a good position in the company?
A friend and I (let’s call this friend Joe) recently came up with an idea that we think could do very well if we brought it to market. Thus, we are thinking about making a business out of it. Our plan is that Joe will be the boss of the company and I will serve in some position close to him. Since I enjoy directing projects and doing some design, I was considering something like Chief Operating Officer. Since we are both 18, we will be going off to college this year. Joe will go to MIT while I’ll go off to University of Michigan, we’ll both have the same major but there is a distinct difference between our two schools and how good the programs are. This separation may threaten my position in the company, as he may make new connections at MIT that are much smarter than myself. The other large difference we’ve had is the direction we want to grow our company. Since the device is very versatile, it can be developed in different ways. Joe really wants to use his device for planes, while I want to use the device for seafaring vessels. This may play a slight role in dividing our company towards the beginning. Overall, I would like to get the position of Chief Operating Officer, but I don’t know how I can prove to him that I deserve the position. How do I make sure that he doesn’t replace me or completely exclude me from the company? Some ideas I’ve had have been taking business/startup classes, getting professional contacts, entering the Naval submarine Corp as an officer to gain leadership experience (granted, this would mean that I’d have to have a 5 year intermission between finishing college and going into the company), and helping organize the construction of our first prototype. How would these ideas work? – by hq overview SuperNerds12 – –