Category: Startup Business (Page 16 of 19)

QUESTION:

I’ve been working on an e-commerce idea for almost ten years, and we finally started the web devolopment in India.  I have thought of every aspect, bought research reports, and conducted numerous surveys on the validity of this concept.  I have a clear vision of how it should work.  I understand what market segment we will service.  I know the market cap of this industry exceeds $20 billion annually.   My problem is the leg work.  How do I begin the actual implementation of this big, complex undertaking?  I am still trying to organize a million thoughts and possibilities.  There are so many directions I can go.  It’s a big challenge for me, and I need guidance on what to do first.   If you can help me with a step-by-step plan, that would be great.

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QUESTION:

I started a web design and internet marketing firm in 2009 and have come to the point where I would like to grow the business so I decided that I need to hire someone whose job would be to acquire new clients.  What are the best steps to find and get this person on board with the fact that I would like them to be paid on performance/commission, since I can’t afford to pay a salary yet?

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QUESTION:

If I am planning on starting a company under the liability protection of a LLC or a corporation, do I really need product liability insurance initially to get my product off the ground? I don’t care if my company is small and gets sued and I feel there is always time to purchase insurance when there is a tangible company to protect. Am I leaving myself open for liability or am I fully protected by the LLC/Corp structure.

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QUESTION:

My prototype will be ready in two weeks… what should I do next?  Create a website and start selling?  File for patent, and then wait a year for the patent to be granted?  Look for investors?  Look for someone who has contacts in the retail sporting goods industry and license the product?

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QUESTION:

When organizing a charity fashion show, would it be ethical for the designer/organizer to profit from pre-orders generated by the show?

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QUESTION:

My name is Hunter, and I am a 29 year old Washingtonian.  My profession is multimedia producer for a firm that services the entertainment business.  I would like to return to school to get another degree so that I can move toward achieving my dream, which is to launch an educational game software business.  What skill sets are most important when starting an educational games company and what would you recommend I study?  Thank you , and this is a wonderful site — Hunter

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QUESTION:

My partner and I recently started up a retail store. Within a two mile radius, we have two competitors who have been in the area for over 15 years. We have had great success so far in the first seven months. Recently, we heard that one of our competitors is trying to sell his business. We have no doubt taken much of his business. My question is whether we should buy him out to shutdown his store and gain his customers? Or, should we just wait for him to go out of business? There is always a chance that someone may actually buy him out and ramp up his store to become more of a competitor for us. We have seen his financials, and he is showing growth from last year’s numbers, which we find very hard to believe considering we are doing close to the exact same revenue. He is in poor health and wants to retire ASAP.

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QUESTION:

Our company has a patent on a fire gel to start your wood and other fires.  We are looking for someone to do a joint venture with to market our product.  How do I go about this?

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