Hi all, If my post does not belong here please refer me elsewhere. I used to work at a small clothing boutique the shop was started by a gentleman a few years older than me and his brother who helped out on a part-time basis. I was then brought on board as a full time manager as the business grew, it continued to grow over the year I was there. Expanding more brands and bringing another full time person on board. I then left the business and state due to personal issues but still keep in close contact with everyone there. Since my departure, they have opened a second location, and hired 4/5 new employees in a full/part time basis.
My dad was speaking with me that I should open my own clothing boutique in the area I now live. As he has a sizable amount of money he's willing to invest/give. I declined due to our area not being the best market for this and suggested that money be invested into the previous store I worked for. I wanted to run it by the owner and take on a larger role in his business alongside him, in any way he sees fit. Getting paid by him with what i assume would be a profit-share to cover costs of my living expenses. Also being able to offer full-time employees more benefits. It's a business I believe in and enjoyed. What are some more pointers I should think about before running this by the owner as it is a very fresh idea?