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Well, I made money in the first year...in the first couple months, actually. I run a consulting business. The other guys...let's get some definitions going here. They made revenue. Unless they were totally hopeless, they had some cash coming in. But they also had expenses going out. Manufacture...
The first thing you need to do is clarify your idea. A "mobile wallet" can mean a lot of things. Are you wanting to build an app, a company that partners with credit card providers, or create a vehicle to save on medical bills? You must think about this and research. Once you have clarified you...
As a an expert, there are several ways you can monetize your skills and knowledge. Here are a few options to consider: 1. Coaching and Consulting: Offer one-on-one coaching sessions or consulting services to individuals or businesses seeking clarity in their personal or professional lives. You c...
Either find a partner with money to help you out or use services like Kickstarter.com If it was me, I would first learn everything I need to know about launching a transactional website (if you are able to sell your product online and ship it ). Websites like Shopify.com make it possible for a...
No. My $0.02 is that you're over-engineering a solution to a problem that just isn't that painful to most people. And besides which, you kind of snooker yourself from a customer perspective. As a frequent flier, I always travel light. So you're not targeting the frequent flier. You're targ...
A startup is in essence the "art" of juggling. Of course you need some sort of "income" to pay for rent, food while your startup or business begins to generate cash flow. Ideally you should have at least 6 months of saving, sufficient time to give you a clear outlook of what will happen with yo...
Stop thinking you don't have the skills to do something. You can learn anything if you decide to, but assuming up front that you can't (forever) is dangerous. my2cents
It entirely depends on the kind of business you have. If you have a tech startup for example, there are pretty reliable assumptions about each round of funding. And a business plan and financial forecasts are almost totally irrelevant to sophisticated tech investors in the early stages of a com...
Cash money should be treated separately than sweat equity. There are practical reasons for this namely that sweat equity should always be granted in conjunction with a vesting agreement (standard in tech is 4 year but in other sectors, 3 is often the standard) but that cash money should not be s...
It very much depends on what your core objectives are as to whether using an online newswire is effective and also what niche your business operates within. The success of using the likes of PRWeb may differ on a case by case basis. Some tips to determine the success of a Press Release: - Revie...