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 ...
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...
Mistakes are good for those who learn from them but there is no logical explanation why you would choose to go through a long expensive and time consuming learning path filled with mistakes and 'lessons' when you can just learn as you go from an experienced individual who can help you reduce that...
1. Make sure you have the right team in place. 2. Make sure job descriptions and methods of practice are well documented.
I love this question. If you have to work on the side while building your business, I recommend doing something you absolutely hate. That keeps you hungry to succeed on your own. You'll also typically save your energy for the evenings and weekends where you'll want it for your business. Don't exp...
Social media, at times, could get tricky to understand. That's where you need an expert advisor to help you leverage social media, making most out of time and capital investment. Even tagged as social, no two social media platforms are same and likewise varies their usage for specific business ob...
One option is to provide dedicated support while letting the code be open. There are plenty of businesses that run on open, freely available architecture, and they make all their money by selling a "Pro" plan that allows people the security of being able to pick up the phone and ask a question. H...
I will answer this is the simplest form I can. Basically in every country to conduct business in you will need to pay taxes in that country. If you have an office, employees or your revenue comes from that country you have to pay taxes. These taxes will include State, Federal and Sales Tax. Moreo...
Applying for a Tax ID (EIN) is pretty simple and can be done online during the week by visiting: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-%28EIN%29-Online Doing so will enable you not to have to use your social security number whe...