Need YOUR Guidance

Discussion in 'Assets and Investment' started by prostakes2011, May 10, 2012.

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Need YOUR Guidance
  1. Unread #1 - May 10, 2012 at 8:26 PM
  2. prostakes2011
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    prostakes2011 Active Member

    Need YOUR Guidance

    Hey ya'll, how's it going? Hope all of your are doing well and in good health.

    NOTE: English is my second language.


    I’m an entrepreneur + perfectionist, and have been building and creating since I was kid.

    I just called myself an entrepreneur, but am I really an entrepreneur?
    Allow me to explain...

    IN MY OPINION, an entrepreneur is someone who invents/creates something that is than introduced to global markets, where it helps consumers and brings in profits to the entrepreneur (or inventor) – but what about someone who has those inventions or ideas for possible profitable businesses but cannot bring it to mainstream markets.

    I AM NOT AFTER PROFITS, PROFITS (doesn't have to be $) in my opinion is the final automatic by-product of hard work.

    My room is filled with papers/charts and the reason for that is my brain hurts and goes nuts when I don’t put down things I have come up with on paper.
    ...because I have so many things to work on and think about, I have chosen the top 5.
    (And those top 5 are based on online markets)

    THE QUESTIONS
    Now I know what they are about...
    I know what the layout will be...
    I am sure competition won’t be a problem and the ideas are sustainable...
    I have already bought the best possible .com domains

    BUT
    I don’t know what I should be looking into next....?
    Thinking about how much i am going to lose and profit in future (i know I can’t do that because I don’t know if it will become a hit, only time will tell), sign confidentiality papers with a local firm and make them aware of my work and possibly start the work, look into legal & policy............
    I don’t know what I should do, or be doing.


    I have summer holidays, and I got all the time in the world but funds are limited. I have about $10k, rest can be borrowed, making it a grand total of approx $20k


    Yes, I realize I might not explaining well, but that is the best I can do at this moment. Please provide suggestions for future, and if you know what I am going through, please be direct.


    KEEP IN MIND, I have contacted some local venture capitalists (VC), and I don't like the idea of sharing the business, but I am willing to share the profits generated - which in the end doesn't workout.
    Also, I have the funds, so I don't really need any VC's to help me out.









    .
     
  3. Unread #2 - May 14, 2012 at 7:19 AM
  4. PennyRoyal
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    Need YOUR Guidance

    Your asking for what now, We all have ideas which we think will make us the next bill gates. If you are allready on your path of opening your own business then. keep it private if you think you have a niche market or an idea which no one has though up of yet. One word of advice, take it slow and don't rush into things, unless your willing to live with the outcomes.
     
  5. Unread #3 - Jun 14, 2012 at 4:53 PM
  6. wee doogie
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    Need YOUR Guidance

    Ok well first of all is your idea an object or is it virtual...

    If it is an object then you can patent your idea. If it virtual then it is more difficult as you will have to find a coder etc who could just steal your idea.

    Also, when making the website you might want to look at finding a search engine optimiser (SEO) hit me up a PM if you ever need one and I will do it for nothing...you will need these guys because with all of the other sites on the internet you need to get yourself found. This is especially true if the product your are trying to invent already exists in some form. For example, if you are inventing a new type of vacuum cleaner then you will need the SEO to get your website near the top in google for vacuum cleaner or you will get less online sales. You get the idea...

    Also when you visit the VCs make you have all your facts right. How you aim to spend the money, the cost of making the product, the cost of the final product, sales forecasts and profit forecasts. Do not over estimate the final two or you will look like a fool.
     
  7. Unread #4 - Jun 15, 2012 at 2:29 AM
  8. bugga
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    bugga Active Member
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    Need YOUR Guidance

    I'm not too sure what you're asking, are you trying to invest in online stocks or marketable ETF's/Binary trades?
     
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