Questions

Entrepreneurship

Does anyone know of any identity management solutions ?

3

Answers

Calvin Anderson

The Devils Advocate

You can find this information for each data site on their privacy notice.

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Calvin Anderson

The Devils Advocate

No there is not such Guide, because it will be a 300 page manual. Your best bet is to pay a consultant who specialize in that area of business or at the very least find someone doing what you're doing and pay them to build you one.

Calvin Anderson

The Devils Advocate

From the IRS point of view sub companies without an FEIN are the same as the mother company. Just add their names and profit and loss on your taxes. Sub companies with a FEIN but not incorporated are the same as the mother company, nothing extra to do here either. Sub companies with a Fein and Incorporated as a LLC is just multiple companies, just add them to your taxes the same you would if you worked at 2 jobs. Sub companies with a FEIN and incorporated as a Corporation is no longer a child and must do its own taxes separately. There's nothing to "Structure" really because IRS don't care where your money is coming from, as long as you report that it is coming from somewhere so it can be taxed and tracked. I'm not an accountant just a fellow business owner, and i've been successfully doing my own taxes now for over 20 years.

Lee von

Unique Insights, Creative Solutions

There's no reason GE Aviation, or anyone, would be excited about your "idea for a hoverboard", or give you credit in any way, because you yourself say that you can't contribute anything to the project intellectually, financially, or otherwise, and the idea itself is not a new one. The idea was popularized in the 1989 movie Back to the Future Part II, and there are currently several people using their own skills to try to make commercially viable hoverboards (e.g. https://youtu.be/588du55BcAY?t=463 and https://youtu.be/588du55BcAY?t=31 and https://youtu.be/588du55BcAY?t=110) So your only real option is either to learn the skills to create a prototype yourself, or to have some insightful, patented idea on a unique approach, or to have enough money to pay someone else to do all that for you.

Calvin Anderson

The Devils Advocate

The contract is governed by the state in which the "Subject" of the contract will operate If the Subject should change operating location then the governing body changes. This applies to state laws of course, but not federal laws for obvious reasons.

Calvin Anderson

The Devils Advocate

Yes, when you file your taxes you write off your investments as a loss. You wont be be taxed unless your business turns a profit.

Joseph Peterson

Names, Domains, Sentences and Strategies

Who writes the review? Staff or passers by? The most obvious way to create a community would be to seek input from the audience – especially for a review site. Ordinary consumers write the content for you for free, and they naturally feel attached to the site where they've contributed. For now, your site seems rather thin on content. And I didn't see anything describing who you are, what you offer, or why your site exists. To build a community, you ought to build an identity first. I'm not smitten with your brand name / domain. That's my professional focus, in case you have any questions in that area. A more authoritative and memorable name would serve you better with your twofold audience of readers and businesses.

Lee von

Unique Insights, Creative Solutions

You need some sort of functional prototype (i.e. something that actually, in some way, does what you want it to do). Nobody will invest without one. You said you're too low on funds to have one built, so my best advice would be to spend some time learning the skills needed to build it yourself. You could for instance take free online electronics courses that MIT provides: https://ocw.mit.edu/courses/electrical-engineering-and-computer-science/6-002-circuits-and-electronics-spring-2007/ or buy books, watch youtube videos, etc. I've built my own hardware prototypes for two of my own startups, and also helped build prototypes for others through Clarity. Let me know if you'd like advice more tailored to your specific idea (e.g. the kinds of microcontrollers and motor controllers that might work, etc.) best, Lee

Calvin Anderson

The Devils Advocate

1% if it is a cold contact 10% it is Warm contact 20% if it is a thank you note.

David C

I help you buy, sell, plan, value a business

Well, if you're in a proven industry and have a track record of sales, it's quite simple... make the commission generous. I once worked as an advertising sales rep and while I wasn't 100% commission (my base salary was only $18,000, while I earned over $130,000/yr.) it was close enough that I think the experience qualifies. I joined a team of a dozen reps and we all earned really good money. Convincing new people wasn't hard and the people who weren't good ended up leaving. It was a win-win. Now if you're a new startup and you have no track record of sales then what you're talking about is developing more of a partnership. Here are the fears that any potential rep will have: 1. What if nobody wants this widget? 2. What if the company can't deliver on the promises? 3. What if I starve while trying to sell this thing? See the problem? You need to take a step back and examine if what you really need is a rep on your team who is an employee, or if you need to build some kind of dealer network or get your widget listed with rep houses that are selling other people's widgets. Those people won't be afraid of starving and they'll give you better input as to what they think of your widget. Arrange a call if you'd like to discuss your particular case, I work with a lot of people who are trying to formulate their business models. Cheers David C Barnett

Jason Kanigan

Business Strategist & Conversion Expert

Essentially what I see you asking here is: should I increase the lead generation to my inside salesperson, or should I hire an outsider to get those new leads and convert them? As a business owner, can you see the problem with the second option? You are completely putting lead generation and a lot of your conversion into the hands of an unproven outsider. I wouldn't do that. My advice is you talk to a competent Traffic person (not me--I'm a Conversion guy) and learn more about lead generation so you can keep that knowledge In House. Then, if your current inside salesperson gets overloaded, you can hire another inside salesperson. You HAVE to keep watch over these people. You cannot "leave it to the wizard" where things happen behind a curtain and you hope they're getting taken care of. If they don't, you are behind months and many dollars in return for nothing. By learning more and keeping the institutional knowledge within your organization, at least you learn something in return for your money. I AM one of those BDM types...and I say it's a huge mistake for you to entertain the idea of hiring one right now. Let's say, best case scenario, they generate their own leads and close a lot of them. Good, right? Wrong. What happens when they get frustrated with you? Start thinking they're doing a lot of work for not enough money? And leave? What then? You've learned nothing, and you're back to square one. Nope. I wouldn't do that nor would I advise anyone to go down that road. Keep it in-house. Keep it under your control.

Milos Vujnovic

WordPress Consultant, Digital Marketing Specialist

While you've created a good amount of content on your Kickstarter campaign, your website is lacking severely in it. With that in mind, when it comes to your website I'd propose focusing on these two main goals: 1) Increase lead generation through your website. 2) Engage more with your current (and future) audience. Here's what I think you should regarding those goals: 1) Create a User Persona (Customer Avatar). 2) Create an Audience Research document which would outline your customer's needs, social channels, age range, style of communication, and possible competition. Using the data from the above steps, you should do this: 1) Redesign your current website page and outline the benefits for the future backers. Be sure to include FAQ and "intro" section as well explaining the reasons on why are you creating this product. 2) Offer a free incentive for the future backers BEFORE they've backed up your campaign (you can use a paid campaign via social media as well for this). 3) Increase social media engagement via User Persona social channels (Reddit, 9GAG, Facebook as an example). Hope that helps! Feel free to let me know if you have any additional questions.

Calvin Anderson

The Devils Advocate

An andoid app when published on Google Play automatically get SDK integrated.

Calvin Anderson

The Devils Advocate

No special requirements needed for virtual subcontractor. All submission you give the government will be at your own discretion.

Susan Jones

Clarity Expert

Hi! I work with entrepreneurs who are exploring opportunities and launching and I lecture in Entrepreneurship on the side. The answer to your question is it depends on the purpose of your business plan and who the audience is. If it's for yourself to help you plan the business, then a good place to start is a business model canvas which quickly captures your ideas and shows you areas you need to focus on. If you are planning on going to a bank for funding, you will need the traditional 20 - 40 page business plan. Some investors will want similar, some won't. You would produce different documents to get key partners or suppliers on board. If the planning and opportunity evaluation process is new to you, you will save a lot of time and money by getting someone on board who can guide you through this process. I'm happy to jump on a call with you to help you with this.

Lee von

Unique Insights, Creative Solutions

I would start with small-ish, local shops, like flower shops, beauty salons, bakeries, used car places, etc. Places that are probably run by an older individual that doesn't currently do Facebook advertising. Don't ask them for an 'internship', because that implies something formal that would involve them having to do something. Just go into the shop and ask for the owner, and tell them something like, "Hi, I run a program in which I do Facebook advertising for free for local companies. I help design Facebook advertisements, and then I help post and manage the ads to get them to benefit your business. Would you like to op in to the program? It's my way of contributing to the local community. I live up on xyz road" If possible, before you visit: 1) Prepare a well made mock up of what you envision the advertisement would look like (use their logo / slogan from their webpage, etc.). You could have this ready to show to the shop owner. 2) Have already self-deployed the ad on Facebook, and have some data on its effectiveness in driving customers to the companies website. In other words, use your own money to have the ad online for ~ 1 week, and see how many click throughs you're able to get, and the $/click. Tell the owner that, in order to help companies in the local area you've already deployed ads for several local business for a couple days. Show them the number of potential customers that have clicked it, and the $ / click. 3) See if you can get any sort of support from a local community board. Doesn't have to be financial, it could be as little as an email response from them saying they like the idea. It will increase your ability to convince shop owners that you're not a scam artists or anything. As you build up your experience and successes you could start reaching out to larger, non-local companies.

Calvin Anderson

The Devils Advocate

Business names cannot be legally copyrighted. Any name is fair game. As long as it does not confuse people. Even if it is the exact name but marketed for a different product in a different way and different market. Just don't use a little yellow ghost as your business logo and you'll be fine.

Eran Eyal

CEO, Investor and Blockchain Enthusiast and hodlr.

I would look to see what stage you're at as a start. I've ben through this many times. 1. First study the VC and the partner 2. See what else he has invested in 3. They may be looking to round up their vertical with something similar or to acquire smaller players. If you're not a competitor, then anything is game. 4. Study when they invest and how Lastly: 1. Set up the call. 2. Start the call by letting them talk a lot first. Ask: What is your mandate, sector? What do you invest in? What stage? What do you look for? What is the typical investment size? Where (geographically) do you invest? This will tell you a lot about why they are reaching out and what you should say after. Hit me up privately if you would like to discuss more, and good luck!!!

TJ Kelly

Expert in Sales-Marketing Alignment

Be responsive! Answer requests and messages promptly and thoroughly. Respect the caller's time! I always send a pre-call questionnaire in the message field. I won't take the call until I receive answers to the questionnaire. That way I have my basics answered before the meter starts running. No phone time is wasted on getting-to-know-you questions: just dive right in to the heavy stuff. This saves you time and it saves them money. Be honest! It's great to be labeled an "expert," but if you try to oversell yourself, it can only come back and bite you. Admit your areas of inexperience. Put yourself in their shoes. Ultimately, the caller wants to feel comfortable and secure in their area. They're looking to you for help. If you can go the extra mile for them, that only helps them all the more. Refer them to other experts or industry professionals. Provide links to reading material and resources. Offer to follow-up a week or month after the call (and then make sure you do it!) to check in on them. Etc. Be more than a phone call. Be their help.

Eran Eyal

CEO, Investor and Blockchain Enthusiast and hodlr.

Firstly investigate if there is anything trademarked or patentable (I doubt the latter due to court cases like Alice killing off a huge amount of business process patents). Just don't do anything completely stupid like steal any copy from the site and repost it. The fact is that there is no end to situations similar to yours. Just because someone is there first, doesn't mean you can't do the same thing - even in most cases exactly the same thing. In fact, you're in a better position bearing no legacy and not having to pay the heavy price of educating the market on the value of the offering. You just have to innovate within it, or market better, or expand the market.

Stoney deGeyter

Author, Speaker, CEO

Yes, you can use personal money to pay for business expenses (just not the other way around.) In fact, most businesses start up this way with the owners putting their personal money into the business to get things started. In the end, the accounts track it all when they balance the books. If the money put into the business is more than the money you get out, it comes out as a loss for the year. But I do suggest you talk with an accountant.

Shane Liddell

Crowdfunding Expert & ICO/STO Advisor

It really depends on your overall business objectives. Some helpful thinking: Why do you need funds or is funding secondary and you have other objectives here? Why Kickstarter? Are you wanting to sell an 'investment' in your business in exchange for equity? A product for pre-order? A room at a discount? Answering those types of questions is a great starting point. Shane

Calvin Anderson

The Devils Advocate

There is no "Best", Do a google search and compare POS Focus on things like Cost, Learning Curve, and functionality.

David Favor

Fractional CTO

Several ways come to mind. Formulate your idea into one (or better all) of the following + you'll know by interest level if you have a winner. 1) My favorite. Start a Meetup Group (set the zipcode of group) to match the zipcode of a US city where most people originate travel to your target destination. For example, If your targeting running tours in Chang Mai Thailand, research what city people in US most travel from to visit Chang Mai. Then run Meetup events related to Thai Travel topics. 2) Package information about Thai Travel into a PDF + sell it via Facebook Ads. 3) Start a Kickstarter project. 4) Speak at existing Travel Meetups + other groups + related conferences about your idea.

Calvin Anderson

The Devils Advocate

Your best bet is to go on the Java discussion board for this type of question.

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