Many times in past I had more projects that I could handle myself. Most times the clients are so pushy that you simply cannot tell them that you don't have time. They like your work and they want to work with you only...period.
Now, in such situation I tried all scenarios:
- pay someone fix sum to finish it
- hire someone part-time to do the project
- hire junior to do easy stuff, then finish it yourself
- etc.
In all such situations I faced the same problems:
- not meeting deadlines
- quality decreased so I had to be much involved to push it to my quality level
- contractors leaving project saying something is too hard for them
Now, I read recently about "share ratio" type of work. Some guy in some company told his employees that he will find project and they will share the profit. I think they mentioned that he took 40%, and gave the workers 60%.
In this case, it seemed that the employees likes this concept. Maybe because they liked transparency or because they knew the boss is not getting rich on their shoulders giving them the crumbles only.
Do you think that this approach would be good in cases like I had?
What do you think should be the optimum share ratio between myself and the person I outsourced project to? I obviously want to get some money from the projects since I found it and I put my name in front of it, and yet I don't want to underpay my contractor since I want him to work 110% in every project.