3
votes
2answers
139 views

What are some creative ways for a cash poor start up to compensate a designer?

We are in need of a designer for our start up, but we are pretty much cash poor. I have been talking to a designer for a few days, and he really wants to help as he loves our idea. He is very ...
2
votes
3answers
160 views

How do I specifically start a business as a government defense supplier?

No matter what shape the economy is in, the government will always have at least a few if not many contracts with defense contractors. I would like to start a business as a supplier to these ...
2
votes
4answers
1k views

How to take a draw in a multi-member LLC?

My business partner and I are forming an LLC. As I understand, members of an LLC are not employees and therefore are not on payroll. Instead they pay themselves by taking a draw from the LLC funds. ...
0
votes
2answers
584 views

What do investors look for in a SaaS startup's development plan?

Foreword: Assume that a working MVP prototype with traction exists for the startup. As of right now, we have a software development plan covering: Milestone Title; Est. Development Time; ...
3
votes
4answers
564 views

What is the best way to present our business plan to potential investors or to a bank?

We have an excellent Business Plan, for some fantastic mobile ideas. The down side, we need funding to get these ideas developed and to market. What is the best way to meet with potential investors? ...
5
votes
8answers
7k views

What does traction really mean?

I've heard alot from this forum about traction. I tried to look at the meaning in the dictionary, but I somehow can not relate it with a startup. So what does it mean by traction and how does that ...