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Venture capitalists primarily invest in the person. What they will be looking for:

- your track record of success in the industry
- strong recommendations from your peers in the industry (other...

Hi FLC,

You haven't said what you've done to convince yourself that if you do buy this business why it will become successful. You should know very specifically what you will change, and have...

For items 1, 2, 4, and 5, I think it's essential to include how the assertions being made in these items are known to be true / accurate. It's easy to construct a straw man that seems reasonable and...

Hi Max,

If you have 6 employees working 20 hours / week, that would be ~20 * 50 * 6 * $1 = $6000 / year gross. Rather than going for high volume / low margin, have you thought about what you...

Hi Chuck,

You might want to discuss with your brother what a reasonable salary is and how it will be determined as circumstances change. It's fantastic that you trust each other, but that doesn't...

In addition to selling online, you might want to try selling through local pet stores. Small stores are looking to differentiate themselves from the big box stores, so homemade products may be...

If it only costs $500 and potential customers already have the design files necessary to feed the printer, I would expect them to get a printer themselves. Perhaps you could create your own...

Making enough money == 1) finding people who can and will buy a service like yours, and 2) convincing them to buy from you instead of someone else. That's why I suggested surveying your future...

You should probably start by surveying other providers of similar service in your area, and finding something unique to offer that they don't (and can't easily copy).

Your parents will need an income to live on after you take over the business, so I wouldn't be surprised if a concern of theirs is what that income is going to be. If they believe their income is...

I assume there is some identifiable subset of laptop / tablet owners who will benefit more from your product than others. If so, they're your target market. Have you done any test marketing to...

It depends on what type of manager you want to be.

In my opinion, it's most desirable to make decisions that are well thought out, so that you can immediately defend them if they're questioned. ...

3 things I like to see:

1. Who is going to buy from you
2. Why are they going to buy ("at all", if there are no alternative products, OR "from you specifically", if there are alternative...

It sounds like you need to hire someone to take over some of the tasks you're currently doing by yourself. If you can't afford to do that, before leaving your other job, you may want to spend time...

Congratulations! It's usually a good sign when things work that well so quickly. Things you should consider:

1. Who are you going to sell to? You need to be very specific about this in your...