I am considering going into business with an acquaintance and I am not sure how to split the profit (once we start making some). I am only looking to cater dessert trays, make made to order candy and cakes.
She will be the PR person to get customers and I will be the pastry chef making everything. She is very lively and outgoing and has good contacts from previous jobs. It will be my business and I will handle the licenses, including cost. I will also be the one purchasing ingredients.
How do we split the profit?
I would think if you are doing all of the caking, your time investment would be much more than hers.
I have a real estate friend who uses a person for advertising - sounds like a similar thing here.
I would think it would depend on the amount of work she does for advertising, getting your name out. Possibly a per referral charge also depending on how your advertising is set up