What is the best thing to do in this situation?

So....I just started my little startup and hired a local college guy to help me spread out the words by handing out brochures in public places...in other words...I can easily find a replacement for his position

He knows my company is a one-person company and realizes the potential of my business. He keep showing interests and bringing up if I could make him my business partner. I don't plan to bring him on board. I only need his help when I need it.

How do I politely reject his requests? Thanks in advance

 

Since he still a college guy,you can tell him if he want to be partner then need to pay $10000 for 1% of your share.

It will turn he off.

 

Or just offer him 1% for free if he will stay with you at a certain time helping you out.

 

just tell him at this time this isnt the right decision for either of you but maybe in the future there is a chance

 

I think Mentos' idea of telling him that in order to become a partner he would need to invest, is an excellent one! It's diplomatic, not personal, and makes logical sense.

 

In a way she is right, it is your business, your idea, he can't be a "business partner" unless he invests. Just let him know, you need an employee right now, if you do decide to take on partners, you always welcome an investment

 

I fully agree with this. Say that you are interested in investors, but value your company at a ridiculous amount of money. Maybe even saying you've turned down similar offers before.

 

As others have said, make sure you let him know that he has to invest. He probably has only thought about the rewards/income.

 

Be honest with him. If he doesn't like your response, then like you said, it will be easy to replace him. I wish you luck in your venture!

 

Simply tell him that this is your project and your NOT looking for ANY Partners; whether you are or not.


-C