Your absolute first step is to gauge interest. Without demand, you will end up wasting your time and resources building something nobody wants. Find a need, know it inside and out, then build the solution to that need. Don't just talk to you friends and family (they are biased). Talk to the re...
There are two things can highly impact more clients signing up. 1. Marketing - One of the reason why people don't buy what you are selling is because they dont know you exist. You can do cross selling and upselling - So for example if you are in helping one country back offices, can you do off...
Investments aren't taxable. You need to make sure you have proper documentation from your investors showing either their membership interest (LLC), shares (C or S Corp), or other article of organization showing their ownership interest in some way. You are required to pay taxes on revenues earn...
There are good approaches for Elance/Upwork/oDesk if you approach the job req. correctly. There are also private agencies. I've hired account reps more often via virtual assistant agencies directly than from Elance and it's ilk, but many times I'll use that platform to isolate good candidates and...
The easy answer is Yes! You must review results on a consistent basis to hold yourself accountable but to also analyze what went well and what did not go well. Too many times business owners fail to make adjustments based on the feedback they are receiving. Having a mentor or peer you can disc...
I've been through several acquisitions and a few IPOs. If the company is acquired, you should contact the CEO and the CFO to ask the price per share at which the company was acquired. If you have vested options, they should send you a letter letting you know whether your options are "in the mon...
I hate to be the bearer of bad news, but generally, these are not the types of businesses that venture capital pursues. Due to the risk they are taking, VCs generally want to see a large market (meaning $1B potential) and a significant return on their money (10 times return). However, you can l...
The passion would be to help customers succeed. Or at least it should be. The frustration mostly has to do with the clients reluctance to change!
If you have already validated the product, I would suggest you to do some market research. What is the high and the low end that the consumers are willing to pay. 1. How many "Bulk Buyers" are out there and how much do they pay you per home compared to how many "High-End Buyers" are out there a...
First of all, starting a business on revenue generated from affiliate sales or incidental revenue is going to be minor and not enough to scale much less build a business. Unless you're a "solo-preneur" you'll need some additional form of revenue if you intend to add to the software-as-service web...