I have an idea for a business which I want to pursue. This includes a concept, a target market and directions for growth and development. Whilst I intend to project manage, I have spoken to someone who I would like on board because of their business expertise. Although I have basic knowledge of web design/development I wouldn't feel comfortable taking on any work of this nature (having said that, I intend on having a heavy say in the design) and so I will need someone to take on that role too.
How do you recommend I structure a founding team that the business can grow with?
How do I pay developers? Is it in cash upfront or through shares in the business?
Thank you very much for your help!