Startups How do I write a financial forecast? |
- How do I write a financial forecast?
- Naming yourself in a LLC business.
- I can not define my business.
- How to test react native app
- Is it really that hard to fundraise?
- Business ethics on starting a company that provides a sub-service for the company that already employs me.
| How do I write a financial forecast? Posted: 02 Jun 2018 07:46 AM PDT Hi, I'm starting up a business in the UK and am looking for angel investors. I've heard loads of times that I'll need some sort of financial forecast but I've never done one so I was wondering if anyone could help? I live with my parents since I'm only 18 so I don't have many expenses other than a phone bill and car insurance/fuel/tax etc. I've looked on Google but the results that I've look through are confusing and don't make much sense to me. All I need is a simple template and some advice on how to do one properly so that I don't look like too much of a beginner. Thanks in advance! [link] [comments]  |
| Naming yourself in a LLC business. Posted: 02 Jun 2018 12:39 PM PDT Soon, I will be registering my LLC with my state. Now, this is a single member LLC. Not sure if that actually matters, but regardless if that actually matters or not, I am not sure of what to name myself in this LLC when it comes to the articles of organization and other documents. Like a chairman, president, CEO, some other title that I had in my mind just now but my mind went blank, etc etc. Do I need to call myself a certain title or if not, then how how did you know which one to pick when registering a LLC? I was thinking a CEO but I wanted to know what you guys think. Maybe I am missing something that I am not sure of, but for now, I was just going to name myself as the CEO. [link] [comments]  |
| Posted: 02 Jun 2018 10:24 PM PDT Hi, I'm currently studying engineering school in Brazil. Because the college was far from the center of the city, I noticed that students used social networks to give rickshaws to the others and they charged a symbolic value of $ 2.00 (something around $ 0.6) and that the majority that use this type of transport paid willingly, as it is faster and cheaper than public transport. Because of this schedule of carpooling through social networks, earlier this year a partner and I implemented an app to automate this hitchhiking process, and we have some important factors here. 1 - The App is free for all users.2 - We did not receive anything for a ride3 - We do not use services like AdMob because our audience is tiny (1000 registered users in the app, and around 100 hits per day)4 - App has room for BannersAs you can see the monetization of the app is very weak. I believe I have not yet defined what my product is: the automated service of hitchhikers or the banners present in the app. These banners generate me something around $ 20.00 per week. I dont know if should focus on new ways to find partners that want to advertise to my target audience or focus on developing some form of monetizing the rides, as much as I do not want it [link] [comments]  |
| Posted: 02 Jun 2018 07:32 AM PDT My technical co-founder (frontend) keeps releasing buggy versions of our app to the app store. When a user reports the error, he always says there is no way to see this error unless on that specific device. He perviously said the issue was only Android (because of the heterogeneous ecosystem of devices/OS), but more recently the iOS version is affected too. To be more precise: sometimes these bugs lead to crashes, sometimes not. They either make the app somewhat difficult to use (think keyboard goes over the area where you are writing) or leave the user confused (I just pressed a button, nothing happens). What can I do to help him? Should we just buy a bunch of different devices to test? Or is there a smarter way? Beta testers have shown to be very unreliable at reporting btw. Thanks in advance. [link] [comments]  |
| Is it really that hard to fundraise? Posted: 02 Jun 2018 11:28 AM PDT I've been reading a lot of articles about people's experiences fundraising. The one from this subreddit for example sounded like a miserable experience: + https://www.reddit.com/r/startups/comments/8mvvdk/how_raising_a_2m_seed_round_really_actually_went/ There was another one I found on medium that kind of shared the same sentiment:+ https://medium.com/@preethikasireddy/what-i-wish-i-knew-about-fundraising-as-a-first-time-founder-243644968567 Both talk about how hard it is to not only get commitments, but how shady investors can be by not communicating or straight up tearing your project down. This kind of scares me. Currently, I've been working really well with my co-founder. We've been getting feedback on our MVP and it's been an overall great response. I also feel very confident that we are providing a service that is sorely needed in our industry. Comparing our project to others who have done significant fundraising, I feel really confident in our ability to land an investor. Am I being naive? Do other startups feel this way about their products and when it comes to fundraising and then get a harsh dose of reality when they fundraise? This is my first rodeo. If I am please be honest. I'd rather have realistic expectations going into this process. [link] [comments]  |
| Posted: 02 Jun 2018 09:48 AM PDT I work for a company that provides a service. We subcontract out to another company that does a sub-service for us. I want to start my own company that does the same sub-service as I believe I can do it more cheaply. Assuming I don't use parent company time, resources or trade-secrets, are there any legal/business complications that may arrise if I try to go down this path? Ideally I would like to start my LLC but am unsure of how to navigate the ethics side of this. Any help and advice would be great. [link] [comments]  |
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