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Relocation

Where to find potential investors to an early stage startup, being a foreign and living in a third world country?

3

Answers

Assaf Ben-David

Mentor, Entrepreneur, Lawyer, Public Speaker

Hi, If you have a good pitch deck and a decent BMC (business model canvas), "all" you need to do is start sending it to investors. There are lots of free, online lists on the internet. The problem isn't finding them, it's making sure that you send the right pitch deck, the perfect emails/contact method, and that you select the right person to send to. You're welcome to send me your pitch deck after scheduling a call if you want my opinion and advice on how to contact investors and/or my opinion on your idea in general. I've successfully helped over 300 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david good luck

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Alejandro Tena

Make meaningful decisions

Hello, first you have to detect the main problem with collection, it is time?, it is collection costs?, it is lack of cash flow?

Assaf Ben-David

Mentor, Entrepreneur, Lawyer, Public Speaker

I'd love to help, but the question is very vague.If you provide more information I'd be happy to help. I've successfully helped over 300 entrepreneurs and would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david

Jeremy Katusak

https://coldeyes-engineering.com/

The short answer (with respects to problems) is everything that comes along with capital. The good news is that there is significantly less red tape to cut through for innovation! In my journey from working at a Fortune 100 firm to starting my own company, I had a "transition" working with a medium sized company. As I moved from the large firm to the medium company, I noticed the number of resources drop off significantly and really gained an appreciation for how much information is free when you know how to look for it. In this setting, I found that I was actually able to be more innovative as I still had access to capital for innovation experiments and there were fewer barriers as far as corporate policies. Moving from the medium company to my own startup, the resources obviously dropped off even further, this time with respect to capital. Of course, there is no problem as far as making the go/no-go decision on pursuing an innovative effort, but I also have to be clever with what type of front end studies are performed. Innovation as a startup is essential and it's great fun when you figure out how cheaply evaluate efforts to determine if making a larger investment is viable. Feel free to reach out to me to discuss further!

Eli Harari

Internationally acclaimed coach & trainer

Failure is a wrong concept, best to think about attempts as stamina builders that narrow the possibility of failure

Assaf Ben-David

Mentor, Entrepreneur, Lawyer, Public Speaker

Hi This highly depends on the industry and the country the parties are from. Each country and each industry has different rates. Finder's fee ranges from 3% - 10%. Real estate agent's fees range from 0.5% - 2.5% Commodities deal broker fees can range anywhere from 2% - 20% - it all depends on the deal and the value that you're bringing to both sides. The higher the value, the higher your fee may be. Either way, I suggest you sign both sides on a 'finders fee' or "broker" agreement I can help you draft one of these if you need. I've successfully helped over 300 entrepreneurs and would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david Good luck

Dr Stephanie

Doctor of Business Administration (DBA)

The marketing strategy should include identifying filmmakers and where they are so that you can make them aware of the app. This could include attending film festivals, looking at online film related groups and identifying ways to share the details and offer product presentations. For example, I have been working to reach filmmakers and offer funding information. I'm attending Sundance Film Festival as one way to connect with and communicate the funding options and opportunities.

Eli Harari

Internationally acclaimed coach & trainer

1.They don't think strategically long term 2.They don't understand that their true assets are their people and are afraid of excellence instead of promoting it 3.Their leadership lacks development

Assaf Ben-David

Mentor, Entrepreneur, Lawyer, Public Speaker

Hi The 3 more relevant pricing models in this case would be: 1. competitive Pricing - comparing the prices of your competitors and then setting your price accordingly (if you are new in the market, then perhaps lower. If you have a 'brand name' then perhaps higher). 2. Value pricing - basing the price based on the value that the course gives your clients (in THEIR eyes). 3. Bundle pricing - combining numerous services/products under one price tag - this gives a feeling of added value for the clients/customers. In this case, I would combine the value method + the competitor pricing. If possible, try ask clients what they would be willing to pay (offer at least 3 options, all of which are ok for you). You can either ask them directly (at least the first group), or you can setup a 3 different landing pages (Wix) with 3 different prices, and see how people respond to each price. I am happy to explain more on this if you need. I've successfully helped over 300 entrepreneurs and would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david

Jon Manning

Pricing Strategist / Author / Mentor

Here's three tips: 1. Increase the value you provide more than the price. If you want to lift prices by 10%, give 20% more value. 2. Rename you products. This will remove the association with the legacy pricing. 3. Craft an awesome pricing communications strategy. I've had clients that have done both 1 & 2 above, then finished the communication to customers about those changes with the line "we understand if you need to go elsewhere" and they have never lost clients. Good luck!

Sales/Job Hunting

Clarity Expert

Hi there, I started Clarity around September and within 30 days, I had 2 paid customer phone calls. There can be a number of reasons why you are not seeing the results that you want from your clarity account. Without seeing your profile or understanding your skillset, I cannot give you great detail as to why you are not seeing results. The first step to take is think about what kind of value you provide to individuals on Clarity. Is it valuable? Do other people ask for similar expertise? How do you quantify that value? The next thing to do is promote yourself. Do you have a professional profile picture? Do you write accurate descriptions for your skillset? Last but not least, are you going through the Answers tab on Clarity? This is the easiest way to show off your expertise and have people book calls through your answers. Let me know if this helps. I'm happy to jump on a call and go through a strategy session to help you. Best, Kevin

Daniel Ku

B2B Sales + Demand Gen Leader | Startup Marketer

As an introvert that had to overcome my resistance towards sales outreach, I can imagine how daunting it can be. Contrary to popular belief, from my experience I've seen introverts become the best sales professionals. As you may know, introverts are often very good at focusing on their strengths. This may include: - better preparation and research before doing an outreach. - listening and more inquisitive conversations with prospects. - working on improving your expertise. What has helped me get over my introversion to sales has been to focus on areas where I'm best at. My writing is far more superior to my phone skills so I've dedicated my tip to improving email copywriting. When I do pick up the phone, I make sure to call lower quality prospects first to warm up knowing that I'll mess up, which is completely fine. I've focused time on content creation and building my expertise which is the inbound marketing approach. This helps attract prospects to my business instead of cold outreach. There are numerous tactics you can do to embrace your introversion to outreach and I'm happy to help. Feel free to set up a call with me so we can work together and increase your sales.

Professor Obi

Joseph Chikelue Obi | Professor | Doctor | Advice

Happy New Year (2020) ! As far as I am aware : (Both) PayPal and Stripe still have Multiple Currency Options ; most especially for Verified Business Accounts. If you are experiencing problems , in this regard , then kindly contact the Customer Support Units of the Aforementioned Corporations. Sincerely , Professor Obi

Professor Obi

Joseph Chikelue Obi | Professor | Doctor | Advice

Happy New Year (2020) ! Do Feel (Perfectly) Free to Contact Me ; for a (Direct) Referral to One of my (Expert) Clinical Colleagues. Sincerely , Professor Obi

Offshore Software Development

How can I find ideal clients for my development center?

5

Answers

Brad Large

Marketing Dude, Salesforce Certified Consultant

When looking for an ideal client the first step is to identify your ideal client profile. For offshore development do you specialize in mainframe? Java? Java on mainframe? Web development? Who is likely to use these services? Which large companies need that many developers? Once you identify those companies then you can go on Hoover’s, LinkedIn and other places and network with EDs and MDs of large banks, healthcare companies, things like that. The key is to offer specific values and benefits. Lots of labor, good value, excellent communication etc. Address the issues the company is having. Benefits like reducing time to production, increased ROI from development etc. To recap, you start by defining an ideal client, then you find out where they hang out online, then you talk to them about what’s happening in their business and how you can help.

Ashik Jha

A great motivational speaker with lots of love

I used the same an year ago,you are doing the correct thing just do it,or call me to get some more good advice

Shaun Nestor

Content Marketing Advisor & Agency Consultant

It is possible to replace the theme name with your company name within the source code - but why? Branding your company and creating engaging content will be far more beneficial than swapping out a theme name for your company.

Agriculture

How I planted an onion ?

3

Answers

Professor Obi

Joseph Chikelue Obi | Professor | Doctor | Advice

. . . Wow . . . . . . Amazing . . . . . . You Did Well . . . . . . Tell Us More . . . Sincerely, Professor Obi

Jason Knott

International Tax Attorney and U.S. CPA

Yes you should be reporting the capital contributions. Under the old Form 5472 rules, it's true that only items that impacted taxable income would be reportable transactions. So, a capital contribution by you to the corporation would not be reportable, unless the equity contribution was somehow below or above a fair value contribution in exchange for services that you might provide for the corporation - essentially an imputed reportable transactions. When the IRS changed the Form 5472 rules to require non-U.S. owned single member LLC's, they expanded the reportable transaction definition to include virtually everything. The term “transaction” is defined in Treas. Regs. Section 1.482-1(i)(7) to include any sale, assignment, lease, license, loan, advance, contribution or other transfer of any interest in or a right to use any property or money, as well as the performance of any services for the benefit of, or on behalf of, another taxpayer. So, for example, contributions and distributions would be considered reportable transactions with respect to such entities. These amounts can be reported on Lines 12 and 25 with an explanatory footnote that clarities the amounts are capital contributions and not amounts that impact taxable income.

Alejandro Tena

Make meaningful decisions

External investors are doing their jobs, they are just concerned about the financials of the startup. That is why it is very important to clarify in detail the roles, responsabilities, deliverables, dates, etc.. before close the deal, in order to agreed those point of possible conflict with a risk matrix I recommend you to refresh the relation, put in the table the situations that are concerned you, regarding the investors, always understanding the essentials of their roles, i.e. investment returns. You should realize a new process of communication with your stakeholders solving their interests and yours.

Jason Knott

International Tax Attorney and U.S. CPA

Yes. Generally these amounts should be reported on Form 5472. If you are paying company expenses using your personal funds as the sole shareholder, the amounts would be classified as additional paid-in-capital contributions by the sole shareholder, so they wouldn't be recorded on the company balance sheet as a shareholder loan. These payments would fall under the category of "other amounts paid" or "other amounts received" on the Form 5472.

Sabrina Zeidan

WordPress Performance, Site Speed, and Multisite

Yeah, technically it's possible. I can see the following scenario: the user installs the theme, after he activates it he is asked the company name and any data needed. Then this data is used to update the existing default data in theme files and database and voila, he gets the theme with data he provided. (or it can be fetched from the site name and domain name, of course)

David Favor

Fractional CTO

If PayPal is available, use PayPal, then if you like, pay with your credit card using PayPal.

Akarsh Srivastava

Expert in building, guiding and communicating

Congratulations for this wonderful achievement. I am pretty sure it would be a good idea. I am an expert in fundraising and investment, I could help you develop a strategy to target and land the investment you need. Contact me for more :)

David Favor

Fractional CTO

One approach to doing this is to use the old Radio Publicity model... which has made many a person a fortune... This is how I built my first opt-in list back in the 90s, using Radio Interviews with people sending me letters, using Postal mail. Hire someone to... 1) Read Dean's book. 2) Work out with you questions to ask. Tip: At this point, likely you'll craft the questions to which you already know all the answers. 3) Person you'll be working with must be adaptive, fluid enough to craft an organic sounding interview. 4) Generally both you + the interviewer will both have specific goals for the interview. This might be something you're selling or some other conversion, like people emailing an address to opt into a list. You'll both work out how to cross promote each other, when you're designing the interview. Tip: If you've never done this before, check out Alex Carroll's courses on Radio Publicity or Podcast Publicity... http://radiopublicity.com/resources https://podcastmillions.com/resources Last time I spoke with Alex, both these courses are included in the Podcast Millions course, so likely that will be best course for you to acquire.

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