After Years of having great business ideas and insight into the betting industry I have decided to bite the bullet and go ahead and start up my own business E-Commerce Business.
I have a number of potential investors but am unsure of what I can ask for in exchange for foregoing any % within the business.
The premise of the business is a very good one and I can leverage the many number of High Net Worth individuals that are likely to be clients, I however am not able to invest any funds into the business.
Where doe one start here? can I factor a wage (albeit a small one) into the projected cash flow within the financial plan, can I ask for a one off ex-gratia payment further to the money invested into the business and is it a matter of valuing the businesses potential and then dividing to decide which percentage I want to forego?
Any assistance very much appreciated for this newbie!