It's certainly not unusual to see debt on the balance sheet when we look at opportunities. I wouldn't let it hold up your process of trying to find additional new investors, as it can usually be worked around to all parties satisfaction. Having said that - a specific answer to your question wou...
The conventional wisdom is to create a minimum viable product (MVP), release it, get customer feedback, use that feedback to improve the product, release again, get more feedback and so on. In terms of releasing to a closed user group, that is fine but when you launch a new website you're probab...
Definitely DON'T go for funding at this stage. It would be just TOO COSTLY for you in terms of the stake you will have to give away for a limited amount. Most likely at this stage, you don't even have a clear picture if you really need the investment. Have you mobilized all the cash you can on ...
You're confusing partnerships and corporations. If someone owns 10% of a corporation they are simply a shareholder. Many people create corporations and refer to themselves and other founding shareholders as 'partners.' This may be the source of the confusion. A partnership (general or limited...
I have built spec houses, built tract houses against contracts, renovated houses and flipped houses. One way to fund projects like this is a rich partner or partners who puts up collateral (like an LC) so that you can borrow to complete your projects. If the first one is successful, you would be ...
I have had a lot of experience of being mentored and mentoring. I think you should separate the search for a mentor from the search for an investor. A mentor should be a disinterested guide to life and business. An investor is going to look at you and your business as a way of buying a retirem...
Hi, Before giving you the practical tips, it is important to first point out 3 things: A) You should be 100% sure that you really need a co-founder (versus using a freelancer or employee which may be sufficient). B) Investors usually take a deep look into the team and prefer founders that have w...
Er... You don't require investors, you require customers. I know many people running this type of business. Startup cost is $0. Well, whatever your site hosting costs every month. Best starting point is just to research other Medical + Dental Tourism companies. Clone what they do. Pay your ...
There are several options for consulting on shareholders' stock portfolios, custodian communication, and stock loans. Some of these include: Financial Advisors: Many financial advisors, such as those at large financial institutions or independent firms, have experience working with shareholders ...
You may find this article helpful: http://www.smarthustle.com/article/how-5-smart-hustlers-found-money-for-their-startups/ In short, one entrepreneur, who was looking to borrow money, founded TrustLeaf as he was encountering exactly this question and found no good solution. His new company now h...