Herbert ProkschaFounder of American food companies.
Bio

Strategic Advisor to Founders and CEOs. Took a specialty food manufacturer from capital raise to exit sale. Turnaround CEO. Food safety expert. Built five USDA inspected food manufacturing facilities.


Recent Answers



Yes - and they don't work because either a) I find a good supplier and take them of the platform or b) I have no concistency in my supplier base because each order becomes a one-off


Sign up with Alibaba as a supplier. Otherwise if you are in the US you can work with the programs offered by the Department of Commerce.

Check if your country has an export program - and then work with them.


If I got the right company - they are an insurance company.
https://www.assurant.com/
Insurance companies do employ CPAs - so it should be worth your time to check into the offer.


You mean at 5 pm or leave the business?

In the later case, hope all your paperwork is in order and if yes follow the buy-out structure established there. If your paperwork is not in order, speak to a lawyer asap because trouble is coming your way.


First and foremost, the business must be run with moral and financial integrity.

After that, the focus has to be on gaining customers.

Under the hood there should be systems and software that cover Finance, HR and Quality control.


1) Use AI every day for personal and business
2) Try every model on the free plan
3) Pick the best and pay for a subscription

In my case, I pay for Gemini


Unfortunately this will not work in India or globally and you will end up wasting a lot of time dealing with scammers.

A better option is to take on a partner that will handle all the marketing on a full time basis. The partner should get a salary or a commission on each sale and equity in the 5 to 25% range.

Always best to maintain control over critical functions and marketing is one of them. Best of luck.


Angel investors have two concerns: a) how long before they get their money back and b) what is their rate of return.

You can address this by structuring their investment as a convertible note, preferred stock or via dividend payouts. In all cases you keep control of the company.

Having said this, the most important issue is that the company will be profitable.


Narrow down the type of SaaS app/industry targeted to 3 so you can focus. Then experiment until you find the best way to reach their potential users. When something works, duplicate it.

The biggest pain point for any startup, including SaaS, is "how do I get customers".


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