Dear Client, I am a Merchant exporter. I had lot of experience in International fund transfers. Normally Banks will automatically charge wire transaction fees. But there is no way the respective banks ask for Western union money transfer fees, So probably that's a scam. Kindly call up on your ban...
Every major city has some sort of network of angel investors or VCs. Do a quick google search in your area for incubators/accelerators. They typically have public facing events where you can go in and network. Since you're post-revenue you should be able to find interested people pretty easily. ...
You really have two forms of payment here given that you can't be paid out of the small sum of money the founder has. The decision as to what to accept depends on the idea the person has and your belief in it. 1. Equity It's called sweat equity for a reason. If the person you've been approac...
There are 3 ways you could generate revenue from your site: 1. Adsense or ads from a network. You can also sell ads directly but ir also means you need to have a sales team or figure a way to attract customers. Unless your site generates north of 5m uniques it will be hard to make a real profi...
This really depends on the idea that you want to test. Remember, a test is just a test, and not a complete depiction of how your actual business will do once it launches as that greatly depends not only on your product, but also on how your business is managed and what value you provide to the cu...
There are legal, regulatory and risk implications to retaining and handling funds as a marketplace. The good thing is with marketplace platforms becoming more mainstream, the payment solutions ( such as Stripe, BrainTree, WePay etc) have also evolved to support their unique needs/services provi...
Hi, I used to manage a non-profit organization - the process is challenging but it is possible. I'd be happy to advise. First stop: try get a Google Grant for Google Adwords - it will help you a lot to promote your business. Good luck
You may find this article helpful: http://www.smarthustle.com/article/how-5-smart-hustlers-found-money-for-their-startups/ In short, one entrepreneur, who was looking to borrow money, founded TrustLeaf as he was encountering exactly this question and found no good solution. His new company now h...
It seems like you are cash-strapped. Option 1 - you can do is give equity instead of cash. Option 2 - you can give experience and no cash. Both of these options will be slower than compensating cash. And, you will have to think about a marketing strategy once you get your MVP done.
Depending on average transaction size, number of transactions and the potential risks you are taking on (i.e what are you responsible for if your friends product or service isn't delivered on?). Anywhere from 2-20% could work depending on the above. As for accounting, I would recommend keeping ...