Questions


My experience is mostly related to Open Source ERP systems (and eCommerce systems). The two options you have are: 1. Go with an ERP system that has inbuilt eCommerce. There are several ERP systems which have this feature. Netsuite is a popular commercial cloud based system that has a built-i...

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Really depends on the type of product and the standard within that industry. As an example, furniture items can take months to deliver. On the other hand, if you're drop shipping, and customers can get the product cheaper and faster from somewhere like Amazon you may have some challenges. The key...

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I'd recommend finding a qualified operational advisor and offering some SMALL level of equity to keep all interests aligned, as well as bring further credibility to the business!

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I think Alessandro has read the question wrong. An angel investor rarely invests in a plan. They invest in the entrepreneur and any evidence that the entrepreneur is on the right path. This is ideally expressed in some form of early traction, or at least early external validation. Early val...

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Typically, establishing milestones and the credibility you can accomplish them is what enables an investment. People want to know what you are going to accomplish with their money. I find it's usefule to report your progress toward milestones and as well as any new information that would be usef...

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This depends on your business, of course, but typically you will want to show that you are running as a viable business on the operations side (that you have clear processes and team members have defined roles and responsibilities). You will want to have established your market (i.e. have some cu...

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There are 100s of companies targeting the exact same market with a very similar product. Do you have a very different offering? Do you compete on anything other then price? I suggest picking a niche other then startups. Pick a market that is less well served and has larger budgets.

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One of my clients received $500k funding ONE week after we did our pitch coaching session. What they learned from our session is to be 100% focused and not to follow the "scatter gun approach" that they had for the 9 previous months. If you're looking to fund a startup, or even an existing busi...

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