I think its important that you fully understand my perspective. Ive verbalized it to you on many occasions, but Im not sure that Ive expressed it clearly enough because a lot of the things in this proposal are kind of insulting to me. I understand business is business in a lot of peoples minds, but I wanted to be able to walk away from this with the magazine being successful and us not hating one another.
I want to avoid playing hard ball because its so much easier for me to just dissolve the business and have the magazine go down and then restart it under a new name. Andrew Waite already offered to start a magazine with the same concept under a new title and he would fund the whole thing if I would run it. I have a loyalty to our publication that goes beyond business. If it were about money I would tell you we are dissolving the magazine pay my part of the debt and it would cost me an insignificant amount of money. Then I would start a new title the next day and I would be up and running in no time because I have all the intellectual capital to make this work. Is that right? Ill tell you that most people say that its smart. There is nothing illegal about it and I would end up making a hell of a lot more money than I even asked of you.
I dont think that is fair to the Magazine, you or Courtney. I am about doing what makes you happy in life and I love this magazine. I think long term and I dont measure results in a moment. I see potential and I know what I have to do in order to make something happen. This magazine was never meant to be an over night success and it couldnt be. There were too many brokers and too many skeptics to make it happen right away. The real estate market had to soften to open up the minds of the arrogant brokers raking in money without lifting a finger. Ive worked countless 100+ hr work weeks and threw my primary business to the wayside. It finally got to me that we can never be business partners because we view life through two different lenses. When I allowed myself to accept that I knew I had to buy you out, or let you buy me out in order to save the magazine.
I respect what you do, but think that our personalities are very different (actually we are probably polar opposites) This is great if we complement one another but we dont and thats ok, just not ok for business. I know you agree with this. I have been the one to develop this business model and determine what works and what doesnt work and the whole time having to fight one another to accomplish anything.
I never once received a dollar in payment (and either did you), the obvious difference is that the amount of hours I put in and the countless hats I had to wear at at one once deserved some compensation. All I asked for was to work out a compensation that would be fair in order for you to keep the business and give you the chance to gain back your money, while I walk away from any chance of gaining my money back. I even offered to buy the business from you and you said no. So instead of doing whats best for me and dissolving the business, teaming up with an already successful publisher who will fund me fully, I still want to create a Win-Win situation for you. I want to you to ask yourself if you would do this or any of your other business partners would do this? Im not saying Im special, but I want to you realize the gravity of what Im doing here and why its frustrating to have people tell you that Im not worth paying.
Ive never been more tested in my life. This decision has been the hardest one of my life and Im turning down easy money for my principles and my morals. I deserve so much more than Im even asking for and then Im challenged about this compensation and the fact that I even deserve the money owed to me. Im even willing to go to meetings where supposedly impartial people give you personal advice. Its frustrating and its taking everything I have to keep from killing this and taking the money that Andrew is offering me. I have worked for free and even sold an Ad the other day, knowing full well that you would get the benefit of the sale. I want to work something out that is fair, but if we cant I wont fault myself for going down the path that was right.
This is a decision you have to make for yourself and all the outside advice is important but it can cloud your mind with their biased opinions. I have not looked to anyone for advice because Im following my heart and doing what I feel like, now. No one has been there to see the business and the way we have interacted and what I have done. They have only heard stories and made up their own to create an outcome that they want.
I will send back my response to your proposal, but please ask yourself what I deserve for what I have contributed to the future success of the magazine and the way I have acted completely unselfishly for the past two years. I have never cheated on you in a personal or professional way. I have never stolen money, or defaced you in front of an employee, client, or friend. Ive been a stand up business partner that has only been flawed by the fact that I have a different outlook than you when it comes to business.
I am confident that we can find a way to have everyone benefit and for you to make a lot of money using your talents as an entrepreneur to capitalize on the groundwork that I have laid.