Just remember equity is a form of value exchange, always remember if you don't like the numbers you hear, negotiate. Sometimes, you don't know what you can get if you don't ask, that goes for both parties. However, since you do not have a product and don't have real numbers, even small-scale, you...
This is a good question and always pops up in many projects. We always try to look at the customer life time value as the long term KPI. In most businesses 20 % of your valuable customers account for 80 % of the overall sales. It helps to identify those customers, by setting up a clear funnel ana...
I recently went trough this with https://www.3dagogo.com and previously with http://www.artgonia.com Find a channel that already carries one side and, find out if you can 'borrow' their content or access to people. For example you can scrape yellow pages listings for car dealerships ( filling u...
Depends on where your team resides. In SF, you could use an average of $135k for all-in costs for each employee. In Toronto, you could probably drop that by 20-30k per person. But there are so many other factors related to burn beyond headcount that just using a headcount cost + overheard to e...
I would suggest you search for and read out blogs. I can't think of any entrepreneurs who aren't also blogging. I have two blogs: brightideas.co and http://groovedigitalmarketing.com
I think you will likely get many different answers to this question, but my personal believe is that if you are building a software-based business and you don't have experience and you don't already have the right connections, your best shot at success is going to be if you do all the technical w...
A high level / quick answer - write your idea out, understand what the plan is. What will your company do? How will you make money? What will be your approximate costs? The plan will change over time but have clear view. - create a corporate entity like a llc to protect yourself (check wit...
There will be a lot of learning and adapting, but it should happen in a staged approach; much of it before actually 'launching'. Launching generally means exposing your full product/site/whatever to the entire general public. Before doing that you should do smaller scare, more targeted testing. ...
The very early stages of becoming brave is through believing in oneself. Once you've confirm your confidence at personal level, it will be easier for others to believe in you and the services that you are yet to offer. Good luck.
Hi, Another option you have is start looking at creating a simple website, average expense should cost minimum $90 per month with the option to buy online. As for a free starter, i would recommend Marketplace or Amazon best. You would be having a clear idea of the market offers and you would also...