1. Create niche in a specific area. 2. Show and create your presence online. 3. Answer questions on platforms like Clarity. 4. Provide quality answers and valuable help to startups. 5. Post helpful posts and materials on Facebook, Linkedin and relevant forums. Good luck I've successfully hel...
So, is the charity whats receiving the funding or is your for-profit company. From the sounds of it, it seems the for-profit company is more important than the for charity. I would raise money for your for-profit company and create a structure that when your "profit" company does "X,"you're not f...
Hi, you need someone that has done investment before. An investor is better than a startup founder that has raised capital. An investor looks daily at a startup pitch and knows exactly what are the key elements that a pitch need to be interesting. Fundraising is a full-time job and a lot of start...
Maybe the prudent approach is to create a parallel system which includes all the newer technologies. Instead of an all or nothing transition, transfer one (or a few) functions at a time. If something goes wrong, you have a failback. If things work well, you can speed up the transition until ev...
Hi there. I don't know of one but sounds like it would be super helpful if there was one. Curious to see what people include here...
Could be! You do raise a good, unexplored space of connecting and monetizing referrals. I've been working with a few HR startup types and I do know that this would be valuable resource. The trick is the angle you take - is this 'buddies helping buddies' in a quiet, hidden informal way, or is th...
Check out a site called SweetProcess to help you build out systems. And also read a book called the E-Myth Revisited to learn the mindset for building them all out. Version 1.0 should be good. 1 year later you'll do a big update to it based on Franchisee feedback for V 2.0
I think the best place to start is your startup's net worth which includes all assets, the salaries of your staff, and total sales. Say for instance, your business' net worth is $300,000. That's a good middle ground starting point, but your price to this other company can rise or drop from there....
Is it new? To find out if the idea is really new, be thorough in your online search. Search base on descriptions of the the problems it solves, how it is used and the benefits. You should also search Google Patents or the USPTO.gov site to look for existing patents in this area. Does it need to...
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...