I have recently come across a difficult situation, and I'm not too sure how to handle it.
I am in the process of moving, and opening my business when I get there. My mom has shown a lot of interest in my cakes and really wants us to go into business together. I really like the idea of working with family, and a couple of my other family members have offered to help me in the kitchen when I need it.
I will, of course, be offering cakes, cupcakes and cake pops. My grandmother also offered to give me her yeast bread recipe which is really popular among our friends and family, so I think I'll be offering other "bakery items" as well.
My mom likes to do canning stuff, like jams, jellies, bar b que sauces and stuff like that, and she wants to incorporate those into the business as well (I don't know how the bar b que stuff will work in the business, but she says we will figure it out).
Well, I was talking to her today, because I already have some possibilities for shops and/or kitchens I am looking at. I asked her what "official part" she would like to play in the bakery. She very adamantly told me "Well I'm not going to be an employee for sure!" So, I figure, ok, she wants to be a partner.
But here is my problem. I'm not saying anything bad about my mom, but I kind of have a feeling that a majority, if not, all of the costs to start and run this business are going to fall on me, with the exception of her canning stuff. I will also be teaching her my recipes, as well as teaching her how to decorate and so forth.
The last thing I want to do is hurt my mom's feelings. But, I'm not sure if I like that arrangement while splitting all the profits and decisions down the middle. I hope that doesn't sound terrible.
Does anyone know how I should handle this situation? Some of the ideas I have ran through are: Make her a partner with limitations and a % of profits. Or I was also wondering if it would be difficult, if at all possible, for me to not make her partner, but that we each pay the other whatever amount since she will be helping me and vic versa.
I hope I haven't confused anybody. It's difficult not to, when I'm confused myself. Lol. I really want to make this work, but I'm just not sure how.
If anyone has any advice or suggestions, I and my sanity would be forever thankful. Lol.