Here is the deal: as an entrepreneur, you must be the best sales person at your company. There aren't any excuses that can combat that. Then, once the business has a revenue stream, you may hire a small sales team to continue new business into the sales funnel. In order to become successful, yo...
Having sold SaaS applications for early stage startups and Fortune 500 companies, there's a lot of factors in play which determine if a SaaS product can "self-propagate" enough of its own leads to which $1M in revenue. There's several fundamental levels of analysis that need to be taken into acc...
The tool would be a data analytics tool such as google analytics. However, your churn would depend on where the bounce occurs in your funnel, but you have a problem somewhere in your marketing funnel. This can come from a variety of things, from as simple as better copy to less friction in the fu...
Not necessarily. As long as you have the stocks to be issued. Have a prior contract agreement between owners of what equity is available, the vesting period. (Some do it on % base points per year, i.e. 50% in year 1 and 50% in year 2, or 1k hours worked) if they walk away in first year they take...
I'm not sure if this is how you imagine this world to work, but at least according to the order you wrote it "raising funds" was first. In reality it should actually be one of your final steps of the stage you are at right now. It may even come after a year or two! So you have this great app i...
What you are asking for is almost impossible to answer. First off I would want to know from you, what do ou know about Virtual Reality? Because most of the answers are right there in your knowledge. If you know nothing as your question seems to indicate, then this is probably not a venture you...
Can you give more information on what your product is? Then we can figure out what you need in it. Sounds like electronics...but what?
Typically people are going to want to see an example of your work. A success story. It sounds like you are still entertaining the idea though and most likely don't have a real-world example to showcase. If this is the case, I would suggest trying to start with a close friend or family member...
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...
I don't think there is a more beautiful feeling than that (on a business perspective). So there are several strategies you can do take to grow your business without venture capital. First you need to understand the problem you have: working capital (cash flow). The fastest you grow the more y...