Hey guys,
I have 2 questions to the experienced guys in this forum:
1. Im currently in the process of starting my first company. My current cash reserves allow me to earn 0 bucks and ride it out for about 8-9 months. Is this too risky to even start? What would you suggest is an acceptable time-frame to be able to "stay in business for" without earning a single dollar?
2. What would you guys say, are absolutely necessary advisors to be spending money on to have them on your team (since they save you A LOT of money in the longrun)? --> Currently I have a lawyer who is assisting me through the incorporation process (was already worth the money) as well as going to hire a tax advisor/accountant. Any other recommendations?
As a side note: Im in Germany, but still happy to hear what your opinions are with experience from US or elsewhere.
Best,
Champion
I have 2 questions to the experienced guys in this forum:
1. Im currently in the process of starting my first company. My current cash reserves allow me to earn 0 bucks and ride it out for about 8-9 months. Is this too risky to even start? What would you suggest is an acceptable time-frame to be able to "stay in business for" without earning a single dollar?
2. What would you guys say, are absolutely necessary advisors to be spending money on to have them on your team (since they save you A LOT of money in the longrun)? --> Currently I have a lawyer who is assisting me through the incorporation process (was already worth the money) as well as going to hire a tax advisor/accountant. Any other recommendations?
As a side note: Im in Germany, but still happy to hear what your opinions are with experience from US or elsewhere.
Best,
Champion
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.