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How to split profits with partner?

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.

What is a fair way to split the profit?

Think first on how you would slpit loss. If you would be absorbing most of the loss, than you should absorb most of the profit and treat her more like an employee with a salary. Or you can set up a commission based reward system. When you are partners, you should be financial partners, splitting the same percentage for costs as you split profits.


You put this Q in wrong catagory. But I'll not report against you. Trust me.

Thanks.

— LeeeN

I’m doing this project and he have to define 2 jobs that we may want in the future.
So far I have completed the first power point which was a pastry chef, but i need a job that evolves children which is what I would more likely be doing.
So i need someone to list some jobs that are fairly high paying and probably need more than just a high school diploma.

Much love =]

Pediatrician (medical doctor for children aged birth to 21years)
Child Psychologist
Social Worker
Pediatric nurse
Pediadontist (dentist specializing in kids)
Orthodontist

i’m in college and can’t decide what to major in. i was thinking about being a pastry chef, but i really want to live in France and i’m not sure if i could really go over there and get a job….help si’l vous plait!

If you want to be a pastry chef, go to school in France and learn how!

There is no shortage of pastry chefs in France, believe me. So no jobs for you. Besides, the French would absolutely disdain a pastry chef who trained anywhere but France — with just cause.

Is a chef a good job?

I really want to be a Pastry chef and own my own cafe. Mum is a professional chef, so i learnt heaps from her. I am only in my first year of college so i want to choose now so i know what subjects to take next year. I have been told you don’t get paid so much in working as a chef and i have always wanted to cook, since I’m in love with it.

Do you get good money?
Is it something i should be setting my whole life on?
also, I love to make pastry’s so would a cafe be a great place to work at for that kind of talent?

Your Mum should be able to advise you. Those chefs I know are very well paid some five figures especially in Hotels. If you want to be a Pastry chef and own your own cafe you need to acquire the knowledge, management skills and experience to be a successful entrepreneur. You need to be enthusiastic and persistence in persuing your dream career.

Which job should I take?

I'm a pastry chef by trade and I have 3 job offers right now, I have a business degree for restaurant management. One is a management job for a small coffee house with average pay, another is a head baker position opening a new bakery cafe in boston that pays about the same as the first if not a little more, and the last is a assistant pastry chef job at one of the top fine dining places in the city for the best pay. I would rather work for less money doing the casual bakery over the fine dining but my family thinks I'd be making a mistake. The coffee house seems like a good job too but I think it wouldn't let me be in a kitchen as much as I'm used to. Plus I plan to open my own place in about 4 years if all goes well too. Any opinions??

If you want to open your own place someday take the head baker position opening a new bakery cafe. Pay attention to everything. Make copies of everything you can (within reason) that may help you someday (inventories, job descriptions, how-to memos, etc.). Pay attention to everything that happens during the opening and beyond that works and what you would do differently. Keep a journal during the opening to look back on when you are ready to do your own place. Openings are often a christening by fire. Take advantage of that learning opportunity before risking your own money.