Been approached to start up business

[thinkingcapon]

I used to run a successful business, which I started up from scratch and sold after 8 years of blood sweat and tears !

Fast forward to now.....10 years later and I've been approached to help start up the same business again as a sideline for a current company.......

They want me to come back to them with how much I'd charge them to start this up and keep the wheels rolling for the first few months......and if I want to invest and or own shares etc.......

I was very passionate about this last time and still am, but , I was lucky in that I had a lot of business brain help at that time with 2 people, very close to me, who have sadly died since . I feel I can't bounce this off anyone in rl at the moment so I thought I'd put it on here and see if anyone has any thoughts?!

Appreciate you reading this x

Can anyone suggest where I move this to to get any answers please? X

What do you want answers to?

Your post is quite vague.

Serbska thanks for reply

You're right it is vague! Apologies

I guess I'd like to know what I should be asking from them......?! How much my salary should be? How many shares should I want etc?!

X

As regards salary - what would you be prepared to give up your time for?
Is this a full time opportunity, or something to do in your spare time?

If full time, how much do you need to live/save etc, and what's the market rate for comparable jobs?

If it's more of a spare time hobby, how much would entice you to, say, give up a few evenings a week? £20pw, £200pw, £2000pw?

As regards shares - again depends on how much time and money you invest. If it's equal to other shareholder(s) then an equal split seems right.
But if, say, you spend one day pw in this and other party spends 5 days pw on it, then you should ask for 1/6th of the shares - unless your one day input is more valuable than your partner's 5

How many hours a week?

What would your role be?

Do you want to do it?

Would it be as a contractor type agreement or would you choose to own part of it to sell possibly at a later date?