A little background: A few months ago, I approached a good friend of mine with a nice offer:To make apps for a specific platform along with marketing and distributing them. He knew very little about this industry, but I was hopeful that he would learn quickly. He seemed so excited, so I thought he would learn it as if he needed it to survive. As months passed, he showed strong reluctance to learn, and piggybacked off my work. I admit I'm a bit demanding and picky with my work, as his main role was to design, and mine to take care of development. However, everything he sent me was bad quality, and I had to redo it myself. The first version of the app was very successful, and the future sales looks very promising. We are working on the second version now, which is many times better than the current version. The sales outlook is very bright, and now I am faced with a problem.
I dont want to screw my friend over at all. I promised him a 50% stake in all profits, and I'd hate to change my word on that. I really expected him to be a harder worker than he is. I wasnt expecting this. While I dont want to screw him out of 50%, as he does rely on this money, I also dont feel it is fair that he earns this much for the little work he did. Right now, this app is only available for the iPhone, but we hope to expand to many other platforms in the very near future. With that said, I dont mind sharing his promised cut for this platform, but as we expand to other platforms, I dont think he will make a good addition to what will then become a 1 man team.
I understand this question is very specific, but in general, it relates to dealing with partners that are also friends-very good friends. How should I approach this without damaging our friendship? What can any of you advise, based on your experiences?