I recently started a Salesforce solution company with a co-founder, who has a solid background with Salesforce certifications. I have a background related to Web application development, graphic design, CMS & digital marketing, although I’m also a software engineer. My co-founder was & still is working in a company & drawing a handsome salary while on the other hand, I was & still am struggling with my other company.
I didn’t want to start another company as I was already struggling with my own company — financially & emotionally. But, on his frequent requests & on the condition that we will work 50-50% investment, sharing & profits, I agreed to work with him.
We worked hard, he took care of Dev team management alone while I took care of the company Registration process, Legal documents, Finance management, HR, Marketing & Sales alone. It took all of my hard earn money, my time & I even sold my car for starting this company from ground zero. We even made this company a registered Salesforce consultant last month.
We were going good but there seems to be some mishaps in handling our first client (my co-founder actually made false commitments to others, who were working as developers on our client projects & they backfired by snatching our client eventually) & upon that he fought with me. He asked what my role/duties were and said I was not performing them well. I showed him an excel & analytics reports how we’ve gone from merely hundreds to thousands in visitors & page views on our site. To date, we have 20 niche blogs & branding of two products we developed & we’re even getting some leads from web forms.
I showed & shared with him our complete monthly marketing planner in detail. I created a complete 5 rating scenario budgeting plan for building our marketing & sales team, which he rejected by saying I need to increase our monthly targets of revenues. I explained that I could not as we haven’t even started with our paid marketing & sales, and I lacked the first month statistics for calculation & suggested instead to select a budget that we can move on with our first campaign & see results. Even upon knowing that we have no marketing team & I have to initiate everything while working other roles as well & knowing that we already have paid a hefty sum to sustain our dev team which he was managing, even then I was ok & said we will put in more funds if we have to.
He finally said under these circumstances, we could not run this company & this company will have no future. But instead of saying that we wrap-up this company & bear our losses, he is asking me to give him my 50% of shares. The interesting part is that he is asking me to leave my shares by taking whatever I spent & a penny worth of money as a work fee, and he is refusing to divide assets & whatever bank balance our company have as of today.
I am confused!! I know the company is in the initial stages & demands more work, but I already lost too much. Should I hand over my shares to him or should I look for an investor of my own who can buy may share for some good returns?