I have a concept with a potential to be fast lane. Every aspect of the business is helping somebody no matter which way you look at it. Unfortunately, it's only me, the concept, and very little capital.
I've done a lot of "pre-development fine tuning" mainly to have a solid foundation on what this is and have been doing a ton of market research, I feel I am ready to make the move to raise capital (around $200,000) to kick off my innovation.
I'm sure I can figure out how to find investors and what not, but I need a staff. I can't handle a solid web/app development, effective marketing, analytics, and future predictions, all by myself. I need to focus on getting this work out to trusted professionals. I trust my friends in helping me but they're lazy and would only bring my momentum down. I want to keep pushing forward. I don't really know anybody else in my circle that could help.
I just don't want to get burned before I even take off. And I am certain there are ways of protecting my equity and concept.
All of my time is going to market research, proper functionality of my concept (pre-development), almost finished with my solid business plan, and presentation to investors.
I've done a lot of "pre-development fine tuning" mainly to have a solid foundation on what this is and have been doing a ton of market research, I feel I am ready to make the move to raise capital (around $200,000) to kick off my innovation.
I'm sure I can figure out how to find investors and what not, but I need a staff. I can't handle a solid web/app development, effective marketing, analytics, and future predictions, all by myself. I need to focus on getting this work out to trusted professionals. I trust my friends in helping me but they're lazy and would only bring my momentum down. I want to keep pushing forward. I don't really know anybody else in my circle that could help.
- How would I go about picking a team of people? (Developers, Marketing Analysts, etc.)
- What do I offer them in return?
- How can I trust them?
- Do I present a non disclosure agreement?
- Do I offer equity?
- Where else should I be focusing on?
- Should I get investors or staff first?
- What other questions might I be missing?
I just don't want to get burned before I even take off. And I am certain there are ways of protecting my equity and concept.
All of my time is going to market research, proper functionality of my concept (pre-development), almost finished with my solid business plan, and presentation to investors.
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