You need a source of capital to carry you through the receivables period. Basically you've got three options: -Borrow money to finance the receivables -Find investors to contribute equity to finance receivables -Sell the receivables (factoring) or some combination of these. In my experience you...
Hi There would be 2 different types of business. In the marketplace you have to get both the users and the payer so you have to have 2 set of tactics. Some of them are: 1. creating your own supply (for some time you work as the supplier) i.e. Uber hired guys, Udemy produc coures on its own 2. you...
Ensuring the long-term sustainability of a business in today's dynamic and competitive market requires a multifaceted approach that takes into account various aspects of the business. Here are some key strategies to consider: 1. Adaptability and Innovation Businesses must stay adaptable to chang...
I'll divide your question into 2 questions, because I am not sure which one you're really asking :-) 1. Should I hire him despite the costs involved? You seem to already agree to this, based on what you wrote ("I am willing to set aside...assuming I see some ROI..."). 2. How to I justify his hig...
Hi First of all, well done for the initiative. Sounds great. When to incorporate is one of the most common questions I get when working with startups. The answer is not too early, in order to save the fees (mainly yearly reports and accountants), but before you have clients (who can potentially ...
When a property is available for sale, the world should get to know about that fact. Sometimes, the people in the know of your requisition might tell their relatives to consider purchasing the property. The more people that know, the lower the turnaround time of a property getting sold. The insta...
If you are the officer of the S-corporation working substantially in the business then you should draw a reasonable salary. You do this by treating yourself as an employee and running your wages through payroll, withholding payroll taxes, etc. You can learn more about that at https://gethelptax...
Bitcoin Smarter is a trading platform that aims to help users make smarter decisions when it comes to their Bitcoin investments. It may provide tools and resources such as market analysis, trading signals, and automated trading strategies to help users maximize their returns and minimize their ri...
That's awesome. You are at a first stage of building a MOOC, a Massive Open Online Course portal. https://en.wikipedia.org/wiki/Massive_open_online_course I worked in the growth team of a UK startup that reached an explosive growth in 2015. I like your approach you applied the "don't scale" ap...
Basically, any money you put into the business with personal funds is a loan into the business to be paid back. Lets say you put in $10. At the end of the year you profit $100 dollars. That $100 goes back to you as owner, however only $90 of it is considered taxable money since the 10 is just a p...