I was wondering if there are any guides to helping set a seed finance budget. I have a few questions I guess. I have a friend that is willing to invest into my idea, but he wants me to put a business plan together (which has been the hard part for me). Especially with trying to figure out how much I need to get started. The only finances that I can think of right now is paying an App developer, and my back-end developer. I will be helping with the front end developing. It should take about 3 months to develop total. And I am thinking it may be best to let people use the app/cloud service for free for a while and gain a stable following.
Are there any Law stuff I need to account for?
How long and how much for Do I ask from this investment if developing it will take 2-3 months but there will be a Free Trial period, but obviously someone needs to maintain the service and customer support and keep it running (plus server costs)?
Do I ask for a Salary for me since I'll be working full time?
Thanks for all your help guys,