I will give you two stories (both mine). It was 1999 and I was 15 years old. My mom's friend ask me to deliver some christmas cards. The reason was that there was a monopoly of mail delivery in my country and it was so expensive that it was worth it to pay a young kid to do it. I did it for her ...
The other answers are good, and here is one practical approach to handling this. First, the accounting capitalization (10m x $0.001 = $10k) is really irrelevant. In fact, we went for 10m x $0.0001 = $1k. Whatever you pick, your company after formation will show $X of assets (the cash in the back)...
One approach would be to (1) Create a website from which your product can be purchased and downloaded; (2) Enable easy social sharing from the website so that happy customers multiply at no cost to you; (3) Market that site through PPC campaigns, targeting relevant search verticals. Basica...
The quickest path to cash is almost always consulting. Be very specific about what it is you can offer. Don't just offer "business consulting". Find a niche and serve it. Reach out to your network, including friends and family and ask if they need or know of anyone who might want to hear about w...
What kind of contacts? I find out that the way to stay in contact is to create groups or communities around them. So: Whatsapp: Family + Friends Slack: Business Wechat + Line: international friends LinkedIn: others I used contactually and it's good but its still a one-on-one that fades and doesn...
Basically you're extrapolating future sales that you expect will come from these 50,000 customers. So it's really a question of assumptions + existing data. Knowing the average sale amount of $120 is nice, but it's really inadequate. How saturated are those customers in terms of ongoing purcha...
As a fellow workaholic, I can't possibly advise you. But there's an excellent podcast series by an acquaintance / former client of mine called Dadverb that's all about balancing work life with fatherhood. He interviews successful entrepreneurs about how they find the right work-life balance. Y...
I would offer them a proposal to reveal their source to you in exchange for a small percentage or fixed amount of each unit ordered. You would also need to structure the offer in such a way as to guaranty that you would not compete with them or circumvent them, if they agree then you would need ...
Hello! First, you're going to have to spend some time researching your targets. You can go for the typical outlets that feature startups, but I think you'll find great traction if you start researching bloggers that are in the healthy food space. I would also spend some time researching who has...
I've seen or been involved with a few projects in the past few years that aimed to entice developers to work on premium domains in exchange for equity. That rarely if ever works. Developers have too many gigs that pay them quite comfortably. If they wanted to make sacrifices, they'd probably e...