Ramping up a new business is challenging, and there's no doubt that some — emphasis on SOME — sacrifices have to be made. Destination weddings and big vacations may have to wait until your cash flow improves. However, be careful not to fall into the trap of believing that any time spent away fr...
Great question! Many of my startup clients are in the technology space, which is very strong at the moment. Those who are able to support business shifts for Covid are doing well. Others in different verticals are having different challenges. Sounds like what you provide is a great opportunity to...
If you are targeting runners, I'm sure that you have targeted actual races, where you can be a vendor and sell coffee to the spectators as well. To find running groups, try Facebook Groups, there are a ton of running groups in different towns. Also look up fitness/shoe stores as sometimes they pu...
You might consider a Kickstarter project.
Marketing & Sales. A lot of entrepreneurs are "doers of the thing" but at some point, you're forced to take the shift and become a "marketer of the thing". Think of it this way: You can have the best product on the market, but it doesn't matter if noone knows about it. Ofcourse, there are so m...
Unless you have a need to show a substantial equity, usually starting the corporation (assuming that's the type of entity you want) with $1,000 is ok. Then the remainder ($49k in this case) is entered as a loan. That way, once you have the cash back in the business account, you're not worried a...
Assuming, that you're able to effectively communicate to others why your project is a 'tremendous opportunity', then here are some options: - Look up local universities and email the chairperson of whichever programs relate to the type of cofounder you need (i.e. electrical engineering, marketi...
Hi, what a great question. Ever since my best-selling book, Invest Local, came out in 2014, I've been getting lots of Clarity calls about raising capital for small business. You haven't specified if you are looking for debt or equity financing. Let's discuss both. Equity: The investors you've ...
Answer to question one: If your celebrity curators are big enough names and are really committed, there is a small chance that you could raise a seed round of $750k or more pre-launch. That said, a number of "celebrity-supported" ventures have had very mixed to bad results so it could cut eithe...
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...