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FAQs
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How does one create a business plan?
Startups 101: How to Create a Business PlanThe first thing you need to do is create an executive summary and a mission statement. After that, you need to study your market, compare yourself to your competition, create a share structure, outline financials, and fill out the rest of the pertinent data like the other people suggest.Below is an example of the last executive summary and mission statement that I created for a company I was planning to launch earlier this year.Since I own the company, wrote this from scratch, and decided that I will not be launching this product, I decided to share. (Yes, it is heavily focused on marketing, but that's my primary expertise, if I'm even somewhat good at it... Who in the world knows...)I worked with a Product CEO and operated as the COO at this company and recruited a highly talented team, however the Product CEO decided to part ways so we scrapped the business.Also, you may not want to make a public benefit company unless you already have investors you can turn to for sure who don't care what kind of business you own. If you are seeking to raise money from venture capital, then it is highly unlikely that they will invest into your model. 1.0 EXECUTIVE SUMMARYCompany Name | Tagline | An American Public Benefit Company Founded in February of 2013, (“SE”) features contemporary women’s fashions specializing in comfort, fit and sexiness, established by a diverse group of individuals, led by the C.E.O. Ms. Lee. SE holds idealistic aspirations of giving back to the underprivileged, creates American Jobs and gives back to the community, while keeping the clientele engaged through social interactions SE provides: • A Philanthropic Vision. • Patriotism. • Quality Clothing. • Best Styles for women of the 21st Century. • Quality Content. • An Interactive Community. SE’s innovative design and marketing team constructs visionary product campaigns and strategies, designed to push SE to the forefront of the industry. Derived from the fictional character, Sophia Serrano, from the film Open Your Eyes, SE’s inspiration is characterized by Sophia’s radiant qualities of being: positive, down-to earth, original, mysterious, sexy, and guileless in a perfect world. Sophia is the “ideal” woman because not only is she divine in nature, she is able to cope through the greatest obstacles that obstruct her from her path. Simultaneously, Sophia is so unique, she makes a man follow her into the afterlife of his dreams. Not only did she (tagline) in the real world, she left him in need of her in the afterlife. SE wants other fashion brands and the world to know that everyone in this world matters, no matter your race, ethnicity, financial background or country of origin. SE empowers people to make a difference by: • Helping the Underprivileged Children of America. • Creating American Jobs. • Providing a more Eco-Friendly environment. All of SE’s products are made in the United States, providing more opportunities to influence economic growth. SE ensures no usable fabric goes to waste by collecting all the scraps of fabrics and donating the items to (charity), with the sole intent to create exclusive items, blankets, or articles of clothing for the less fortunate. In addition, SE donates 10% of all sales to (charity) , to help feed, clothe, and provide shelter for the less fortunate.SE plans to take a creative approach to branding and marketing the company. Not only will SE use traditional methods of marketing, such as mailing clothes to celebrities, look books to bloggers and editors, buying editorial spots, sponsoring events, and advertising online, SE will take grass root efforts to the next level in attracting hits to the website, along with social media to keep the clientele engaged. Sending celebrities, fashion editors and bloggers free gifts never guarantees the promotion of an item, so SE has decided to implement a revenue sharing program with its clothing. Each individual influencer will have a personalized URL to direct their clients to SE’s website. Each purchase made within thirty days by the referral of an “influencer” will generate an earnings check of $25 to the referrer. Checks will be cut once the accumulated balance signNowes $300, or can be exchanged to store credit. SE will seek out make up artists, photographers, stylists, and other professionals within the fashion industry to provide an opportunity to earn an extra source of income through its revenue sharing program. SE will also provide clothing to stylists, to have featured in editorial along with video content. SE’s grassroots efforts will take place in the form of carefully selected event sponsorships. Through event sponsorships, models will be showcased wearing the SE product through a trade booth. SE will take pictures of celebrities who try on the products and feature blog posts through social media efforts of the celebrities, while distributing the highly sought out images to fashion bloggers. SE will then pass out $10 SE Clothing Branded Gift Cards to people who fit the role of the target consumer of the brand at the event. Initially, 50,000 gift cards will be made for distribution within the first year, of which we expect at least 25,000 to visit the website URL. SE will implement a referral based program, where if a friend is referred to purchase an item through the SE website through their email or social media link within 30 days, the customer will have the choice to have one of the following occur: • $25 will be credited to the referrer’s account for Future Purchases. • $25 will be donated to the referrer’s Charity of Choice. The referee will also receive $10 credited off their first purchase. Studies indicate that 1 out of every 3 customers will refer their friends to a site that they trust and enjoy. SE will partner with publishers and affiliates such as Google Affiliate, Commission Junction, Avantlink, Affiliate Window, Webgains, Pepperjam, Integrate, Etc. to allow professionals to earn a profit by referring their clientele to purchase items from SE. In order to create better organic SEO (Search Engine Optimization) results to guide more online traffic to the website, SE will carry lines of both popular name brand and up-and-coming American Made products by other designers, such as Nasty Gal, Diesel, Ralph Lauren, Armani, Etc. In order to acquire the product necessary, SE will create a strategic partnership with its manufacturer to sell their excess inventory. Once new customers visit the SE site, they will be given an opportunity to register on the site to claim their $10 credit. Through registration, information such as the customer’s name, email address, phone number, address, and social media profiles will be gathered. Once the customer registers, they will be able to access the site. A welcome email will be sent to the customer within one day, welcoming them to the site. Within 5-7 business days, a letter stating SE’s appreciation of the customer with an outline of the brand’s philanthropic vision will be physically mailed to the customer on company letterhead and hand signed by the C.E.O., Ms. Lee. The customer will then be emailed, informing them that their gift card will expire in 30 days, 3 weeks, 15 days, 7 days, 3 days, 2 days, and a final offer email. This cycle will repeat for another 30 days for a total of 60 days, which will trigger a sense of urgency within purchasing an item within the allotted timeframe. SE will engage with customers by providing the first few sentences of educational content through email, while providing links to the blogging section of the website to read the full article, along with social media efforts on Pinterest, Facebook, Twitter, DeviantART, Tumblr, Google+, Polyvore, Wanelo, Quora, Lyst, Etc. to build trust with the clientele, and keep them engaged with the brand. SE will track user activity through analytic services provided by Kissmetrics to measure which campaigns work best, to better understand our audience. SE will influence increases in transaction sizes by donating one item to charity for every $300 spent in a single transaction. Not only would revenues increase, the philanthropic vision would accelerate to creating a bigger influence to society, which in turn will create a better image for the brand. SE will have a section on the site where users can upload images of their new purchases, how they pair their outfits, provide feedback to others, and like other consumer’s styles, creating an engaged society of buyers who become advocates and prosumers of the brand. SE will begin sales on the retail website, then slowly trickle into many online boutique stores, physical boutique stores, then into major department stores. Since bulk purchases from vendors decrease manufacturing costs, the business model is extremely scalable. As SE becomes a more established brand, price increases will be implemented in 10% increments per season, increasing profit margins while manufacturing costs decrease. SE will create separate databases for consumers who have at least purchased one item and another database for loyal consumers. In regard to the database of consumers who have purchased, collateral material providing a promo code for a promotional discount will physically be mailed to the clients two weeks prior to an anniversary or holiday sale, to provide exclusive access to the promotion. SE will randomly select users from the loyal consumer database to provide a free gift with purchase, expedited or free shipping, and various other promotional tools to reward brand loyalty. Once SE establishes a loyal client base, verticals will be integrated one product at a time in minimal quantities, initially to test the market to see how well the product does. Verticals will range from products such as cosmetics, shoes, handbags, hats, stockings, scarves, jewelry, and other womenswear based products. Led by C.E.O. Ms. Lee, SE has hand selected a managerial team of 8 creative unique individuals to grasp a portion of the $500+ billion dollar market by creating quality content, negotiating with vendors, managing finances, and laying out the long term growth of the company, all while creating beautiful product. 10 years from now, in the year 2023, SE plans to be acquired by LVMH, PPR, Richemont, Valentino Fashion Group, The Aeffe Group, Puig, Diesel, Phillips-Van Huesen, Hermes, Liz Claiborne, Inditex, The Arcadia Group, or Aurora Fashion for a strike price of $300 million. SE is currently seeking seed financing in the amount of $275,000 to be used to cover manufacturing, marketing, legal and operational expenses to establish the brand. MISSION STATEMENTUnited together, SE’s commitments to society are as follows:#1. To Mother Earth:We vow to make sure that no usable fabric is wasted. All usable scrap material will be recycled into specialty items, blankets or created into articles of clothing for the less fortunate.#2. To Our Nation:We vow to Shop American. We vow to only manufacture our product in America. We are creating American jobs and doing our part in rebuilding the American economy.#3. To Our World:We vow to take a stance against child labor. We take a stance against the Chinese sweatshops with hazardous work conditions.#4. To The Less Fortunate:We vow to provide food, clothing, and shelter for children who are unable to take care of themselves, especially the ones right here at home.#5. To Our Customers:We vow to make sure you feel beautiful and (tagline). We vow to create the sexiest, most reliable products made from the best material we can find. We will provide the best fit possible. We will listen to your opinions and make decisions based off of your feedback. Your voice will be heard. #6. To Our Design PartnersWe vow to provide our client base accessibility to your designs to increase your exposure in the market place. Whether you are a small designer who is just beginning or an established brand, there is a place here for you to showcase your items, as long as the product is manufactured here in America.#7. To Our Employees: We vow to bring the jobs back home and provide fair wages. We vow to provide a fun and friendly stress-free work environment.#8. To Our Shareholders:We vow to provide you a seat on our board. We vow to listen to your expertise. We vow to provide returns in a timely manner. We vow to fulfill your philanthropic vision.Oh, it might be in your best interest to include a mind map as well.The first five pages should include the following information:BUSINESS DEVELOPMENT PLAN MARCH 2013 ****** CONFIDENTIALITY & DISCLOSURE NOTICE ****** IMPORTANT: This document is for information purposes only and sent at your request and is covered by the Electronic Communications Privacy Act 18 U.S.C. 2510‐2521. This is neither a solicitation of investment nor an offer to sell and/or buy securities. This communication may contain non‐public, private, confidential or legally privileged information and documents intended for the sole use of the designated recipient(s). The unlawful interception, use or disclosure of such information is strictly prohibited under the applicable laws of the U.S.A. and the State of Nevada. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons/entities other than the intended recipient is prohibited. If you received this document and / or a transmission of this document in error, delete any electronic copies of this document and / or return this document to (Name, Address) CONFIDENTIALITY & DISCLOSURE NOTICE IMPORTANT: This document is for information purposes only and sent at your request and is covered by the Electronic Communications Privacy Act 18 U.S.C. 2510-2521. This is neither a solicitation of investment nor an offer to sell and/or buy securities. This communication may contain non-public, private, confidential or legally privileged information and documents intended for the sole use of the designated recipient(s). The unlawful interception, use or disclosure of such information is strictly prohibited under the applicable laws of the U.S.A. and the State of California. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons/entities other than the intended recipient is prohibited. If you received this document and / or a transmission of this document in error, delete any electronic copies of this document and / or return this document to (Name, Address) CONFIDENTIALITY AGREEMENT The undersigned reader acknowledges that the information provided within this Business Development Plan (“BDP”) is confidential; therefore, reader agrees not to disclose it without the express written permission of SE. It is acknowledged by reader that information to be furnished in this BDP is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader, may cause serious harm or damage to SE and other sources identified herein. The information, estimates and projections contained herein have been prepared by SE in good faith and on a basis believed to be reasonable; such estimates and projections involve signNow elements of subjective judgment and analysis. No representation or warranty, expressed or implied, can be made as to the accuracy or completeness of such information, and nothing contained in this BDP is, or shall be relied upon as, a promise or representation as to the past or the future. This BDP is submitted in connection with the evaluation of a potential transaction and may not be reproduced or used, in whole or in part, for any other purpose. Upon request, this document is to be immediately returned SE,. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a Business Development Plan. It does not imply an offering of securitiesFORWARD LOOKING STATEMENT This document may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements as to future operating results and plans that involve risks and uncertainties. We use words such as “expects”, “anticipates”, “believes”, “estimates”, the negative of these terms and similar expressions to identify forward looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason. References herein to “the Company,” “we,” “our,” “us” and similar words or phrases are references to SE, and/or its subsidiaries, unless the context otherwise requires. CONTACT INFORMATION Inquiries may be directed to the appropriate party below:Leonard Kim COO SEAddress:Phone: Fax: Email:The Table of contents should include the following information that no one, aside from analysts read:TABLE OF CONTENTS 1.0 EXECUTIVE SUMMARY1.1 OBJECTIVES1.2 MISSION1.3 KEYS TO SUCCESS 2.0 COMPANY SUMMARY2.1 CAPITALIZATION SUMMARY2.2 COMPANY LOCATIONS AND FACILITIES.3.0 PRODUCTS AND SERVICES3.1 THE SE TECHNOLOGY3.2 COMPETITIVE COMPARISON3.3 MARKETING MATERIAL3.4 TECHNOLOGY FULFILLMENT3.5 FUTURE PRODUCTS AND SERVICES4.0 MARKET ANALYSIS SUMMARY 4.1 MARKET SEGMENTATION 4.2 TARGET MARKET SEGMENT STRATEGY4.2.1 MARKET NEEDS4.2.2 MARKET TRENDS 4.2.3 MARKET GROWTH4.3 SERVICE BUSINESS ANALYSIS 4.3.1 BUSINESS PARTICIPANTS 4.3.2 DISTRIBUTING A PRODUCT 4.3.3 MAIN COMPETITORS 5.0 WEB PLAN SUMMARY5.1 WEBSITE MARKETING STRATEGY5.2 DEVELOPMENT REQUIREMENTS6.0 STRATEGY AND IMPLEMENTATION SUMMARY6.1 SWOT ANALYSIS 6.1.1 STRENGTHS6.1.2 WEAKNESSES 6.1.3 OPPORTUNITIES6.1.4 THREATS6.2 STRATEGY PYRAMID 6.3 VALUE PROPOSITION6.4 COMPETITIVE EDGE 6.5 MARKETING STRATEGY SUMMARY6.5.1 POSITIONING STATEMENT 6.5.2 PRICING STRATEGY6.6 SALES STRATEGY 6.6.1 SALES FORECAST 6.7 MILESTONES7.0 MANAGEMENT SUMMARY 7.1 ORGANIZATIONAL STRUCTURE 7.2 MANAGEMENT TEAM 7.3 MANAGEMENT TEAM GAPS 7.4 PERSONNEL PLAN 8.0 FINANCIAL PLAN8.1 START-UP FUNDING 8.2 KEY FINANCIAL INDICATORS8.3 BREAK-EVEN ANALYSIS 8.4 PROJECTED PROFIT AND LOSS 8.5 PROJECTED CASH FLOW 8.6 PROJECTED BALANCE SHEET 8.7 BUSINESS RATIOS 8.8 THE INVESTMENT OFFERING8.9 VALUATION8.10 USE OF FUNDS9.0 APPENDICESTABLE: SALES FORECAST TABLE: PROFIT AND LOSS TABLE: PROFIT AND LOSS TABLE: CASH FLOWTABLE: CASH FLOWTABLE: BALANCE SHEETIf you're using a business plan to try to attain a loan for a small business... I took a different business plan for a nightlife company, brought a cofounder with a 680 credit score, and went to Long Beach SBDC and they helped me get approved for a loan from a credit union for $30,000 two years ago. The whole process took less than a week, since we already had our business plan finished prior to showing up. We ended up not taking the loan because our programmer ran off with the money we had paid him prior without delivering our technology.There are Small Business Development Centers, sponsored by the Small Business Association, all across the United States that will help you make a business plan for free, read it, and even shop it out for business loans.If you're using a business plan to attain financing from an Angel Investor or VC, then all that matters is your executive summary and your slideshow. I mean, you still need the other data filled in, but these are the only two areas of which they put their main focus on. However, a lot of investors use two financial analysts to carefully go over every detail within a business plan prior to investing their own cash. So, the fine details are pretty important regardless of what anyone else says. Also, if you need to know how to split equity with your startup, read more here: How much equity do you give early employees when the company is bootstrapped?Read more at my blog: Startups 101: How to Create a Business Plan
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What is Bitcoin and how do you create a bitcoin wallet?
A cryptocurrency wallet is a software program that creates a digital wallet to send, receive, and store digital currencies amongst enabled users by storing private and public keys. This concept is often misunderstood, where people believe it’s a wallet that stores currency. As digital currency does not have a physical form, so in fact what gets stored are the records of transactions registered in a Blockchain.With Bitcoin Wallet, only you have access to your private keys. You can instantly transact with anyone in the world and transform the financial system right from your pocket. Create a new Bitcoin Wallet or access your existing one on your mobile device.ICODevelopment is one of the most leading Bitcoin development companies where you can buy and store them in wallet. ICODevelopment have strong background in blockchain developing because they have talented and vast experienced developers and they have knowledge of all blockchain related platforms and they also provide all services and solutions related blockchain developing.Today many of IT companies are developing the Bitcoin wallet app for mobile wallet system but ICODevelopment Company is the most experienced and successful Bitcoin wallet payments app development company. These applications based on the Android platform. Bitcoin wallet app companies help through any bitcoin payment gateway mode and allow transferring money easily. Money transfer is a fast and secure method rather than the other process which are highly expensive. This is mainly preferred as this is eco-friendly and anyone can easily access through Bitcoin wallet app.ICO Development Services, Apart From Bitcoin Wallet App Development:Bitcoin Wallet DevelopmentBitcoin Software DevelopmentCrypto Coin CreationCrypto Coin MiningBitcoin Exchange PlatformCrypto and Blockchain ConsultationCryptocurrency IntegrationWhy Choose ICO Development?ICODevelopment give projects delivery on-time, they provide you payment gateway services they have experienced team of blockchain consulting development they have a project in mind let’s buckle up, and they give best quality service, they also give full technical support, and They have a vast experience.Contact them and they will give you individual customized solution for your business requirements at https://www.icodevelopment.io/#c...
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How do I register my company and logo in India?
Incorporating a company in India is slightly difficult than you may think. Its better you hire a CS, CA or a Lawyer to do it for you. Nonetheless, here is the process:(1) Obtain DIN (Director Identification Number) from Registrar of Companies, Ministry of Corporate Affairs of all the proposed Directors in your Company. (2) Obtain DSC (Digital Signature Certificate) from any of the authorities recognised by Registrar of Companies of all the Directors. (3) Apply in a prescribed format to the Registrar of Companies for the approval of name of your company. You need to provide a minimum of 5 options to the Registrar in this form.(4) Once you receive the name approval from the Registrar of Companies, you need to file the following documents with that office: (a) Memorandum of Association(b) Article of Association(c) Form 32 (Details of Directors)(d) Form 18 (Registered Office details)(e) Form 1 (Compliance with the Act) FEESThe official fees for which you will receive receipts (for a Company with an Authorised Capital of Rs 1 lakh) will be approximately Rs 11,000. Rest of it will be the fee of the working professional. On an average you're likely to spend Rs 5000 to Rs 10000 in addition to the official fee, so that the total price comes out to somewhere between Rs 16000 and Rs 21000.TIME FRAMEIf everything goes smoothly, you can register your Company within 20 to 30 days. However, if an objection is raised on an issue, it may take longer, as well. Good luck!Nitin
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Information Security: How much do electronic signatures cost?
signNow is an Apple & Google loved secure e-signature solution. Pricing merely depends your requirement. Check out the pricing of signNow here.
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How are electronic signatures made?
With the choice of a right e signature app you are just a few clicks away in creating your electronic signature. Once it is built all you need to do is download the document you have been sent to sign digitally and place your signature at the desired place. This new technique of signing documents online has been leveraged by many business verticals using trusted software. The best part about E Signature is that it holds in the court of law and is safe & secure. It is to be noted that esignature solutions are often understood similar to digital signature solutions but they are different!Creating an Electronic Signature to Esign DocumentsAn Electronic signature can include anything from text to image or just initials with date. People opt for different ways in creating an e signature. Let’s have a look into available options of creating one:Draw It On The Touch screenWith the help o your finger or by using a stylus you can sign the same way you do it on paper. This is very easy when you are accessing the document on mobile or a tablet. This way you create your electronic signature on the document itself.Uploading An Image Of Your SignatureThere are many esignature solutions software that accepts the picture of your paper signature. You can upload the picture in the software and it will change it into a .png file and place it over the desired signature line in the document.Using Mouse Or TouchpadYou can also draw your signature with the help of a cursor or a touchpad. Take the cursor to the signature line where E-signature is required and draw it along the line.Using KeyboardThe simplest way is to type the spelling of your name using the keyboard, and chose the desired font that looks similar with your paper signature. It’s done; your electronic signature is made.These are some very basic and simple ways to create your distinctive electronic signature. Chose any e signature solutions matching with your requirements and you are ready to create your unique electronic signature which can be used as your identity anywhere in the online world.
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Can NDAs (non-disclosure agreements) be signed through an online form? Are there any legal implications with an online form?
In a word: Yep!Thanks to the E-SIGN Act, documents signed electronically have the same legal protections as those signed with a physical pen! As long as your eSignature solution is committed to strong legality and your NDA is drafted by a professional, you absolutely can trust NDAs that are created, signed, and stored online.There are a few options out there. The rest of these examples are using signNow’s service. You can even create one now with a free signNow account.Here’s how to set up the NDA:Step 1: Acquire an NDA TemplateYou can find NDA templates online, but I would recommend seeking out a legal professional to create one that’s right for your needs.Step 2. Upload the Template, Add SignersAfter signing in to your signNow account, you’ll see the "Who needs to sign?" menu. For a confidentiality agreement, you’ll probably want to choose between “Me & others” or “Just others.” After selecting one, you’ll be able to drag and drop, choose “Add File,” or use any of our integrations to upload your non-disclosure agreement.Now you can add signers, loop in other parties via our CC feature, and assign a signer order if needed. Select “Prepare doc for signing” to move on to the really cool part!Step 3. Format the NDA and Fill in Your InformationWith the NDA you imported pulled up in front of you, click any of the fields across the top of the page and drag it to where you want to place it in the document. Most of the fields have advanced features and some even let you add a validation type (email address, numbers only, etc.) to help guide signers and reduce errors. Take some time to click around to get your NDA dialed in.Once you get your formatting just right, hit Continue at the top of the page. Back on the “Get your document signed” page, you’ll add a title, an optional message, and send your online NDA out for signatures!Step 4. Sign Your NDA Online (Legally and Securely!)If you’re one of the signers, a prompt to sign the non-disclosure agreement will hit your (and other signers’) email inbox as soon as you send it out for signatures. Just click the “Review & Sign” button in the email to continue.We provide a variety of ways to create your electronic signature:Draw your signature on a touch screen using your finger or a stylusUpload a photo of your signatureType in your signature and customize from a selection of fontTake a picture of your signature using your smartphone’s camerasignNow will automatically prompt each signer to complete all their required fields. Once you’ve filled out your portion of the NDA, all you have to do is agree to one last legality measure and your job is done!Step 5. Access Your Online NDA Any TimeTo check the status, edit, or even download a hard copy of your confidentiality agreement; just visit the Documents section of your signNow dashboard any time.
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I have an idea for a startup. An investor agreed to invest in my idea. How much of a share should I give him and my two co-found
You should all get what you deserve.This is an easy problem, but most people solve it incorrectly because most people think about the problem incorrectly. Most people think in terms of “giving away” chunks of equity in set percentages. This is wrong. No matter what percent you “give” someone it is going to be wrong. No exceptions.Imagine the company had plenty of money. It could simply pay for the things it needed to grow. It would negotiate a logical salary for your cofounders and pay them. It would pay for its rent, supplies, services, etc. It would even pay you a logical salary. The price the company pays is called the fair market value of whatever it is buying. This happens all the time. If a company can pay its expenses it is expected to pay its expenses.But, your company may not be flush with cash. Most startups aren’t. The way a startup manages low amounts of cash is by not paying its expenses. Your company has hired you and two other people you call cofounders. Each one of you deserves a fair market salary, but your company is probably not able to pay part of all of these salaries. So, the company won’t pay until it can afford to pay. Until then, people work for free or for partial salary. Startup companies “finance” themselves by not paying expenses. An established company wouldn’t be able to get away with that.The amounts that the company doesn’t pay are, in effect, bets on the future value created by the company.If I rent your company an office and it does not pay rent, I am betting the fair market value of the rent on the company.If I work for your company and it does not pay me a salary, I am betting my fair market salary on the company.When the company breaks even or raises Series A funds and has enough money to pay me, it is expected to pay and I no longer have to bet. But, until that day dawns, I will have to bet more each day.Nobody knows when the betting will stop. People can guess, of course, but it is impossible to know the future so everyone’s guess will be wrong.This only leaves one, logical conclusion:A person’s share of the equity should be based on that person’s share of the bets.There is literally no other logical solution. Many smart, well-meaning, experienced people will try to tell you otherwise, but they will be wrong. It’s not their fault, they’re just perpetuating a fundamentally flawed way of thinking.This model, known as the Slicing Pie model, is—slowly but surely—replacing conventional thinking. It has been used by startups all over the world. It is a universal solution to this problem and always works.Or, you can guess, get it wrong, fight with your partners, hire lawyers, waste your time and money…over and over again. Ugh. Traditional equity splits are just plain depressing…!
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How do digital signatures and electronic signatures differ?
Many people think that electronic signatures are the same as digital signatures but that is not the case. In fact, digital signatures are a highly secured way to implement electronic signatures.Digital signatures use a public and private key generation framework, signature algorithm and a verification algorithm to match public and private keys and validate the authenticity of electronic signatures.Ever since the passing of the E-Sign Act in 2000, electronic signatures have acquired as much weight as the traditional wet or ink signature. As a result, electronic signatures have become widely used to conduct business online. This term is quite broad however, and not all electronic signatures constitute as digital signatures, which are guaranteed to fulfill the requirements decreed by the E-Sign Act. These terms include:– The customer’s intent to sign, as well as the consent to sign electronically– The software’s ability to maintain document integrity through unique identifiers– The company’s responsibility to retain all documents for legal purposesWhat does it mean? In a nutshell, every document requiring a digital signature has, in effect, a unique key attached to it. This is done using a public key infrastructure (PKI). Public key is generated & attested by the operator of the PKI called a Certificate Authority, and is held by the document owner, who can then pass on copies to his or her clients. Once the client signs, a unique key (private key) message becomes embedded inside the document. If anyone tries to tamper with the document, the software algorithm will detect it and invalidate the document.Due to increased identity theft in recent years, it has become ever more important for documents to be signed under a watchful eye, whether that be through digital or in-person witnesses. Companies that value your security will enact several layers of protection to ensure that every document is using digital signatures and is legally secure. At signNow, we use industry-standard encryption, time stamps, in-document visibility control, and e-mail authentication to discourage electronic forgery. signNow complies with the E-Sign Act, as well as UETA, HIPAA, and more.
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How do you startup a online business in india?
Starting an online business in india is much simpler than ever. Even the government of India has taken initiatives (Startup India Scheme) to encourage individuals to start their own business. With the digital boom a lot of unprecedented opportunities started to pop. There are lot of businesses that are able to leverage this opportunity and create a successful establishment.Before you jump in and start an online business make sure that you have followed all the process to establish the enterprise as a legal entity. Comply with all the legal formalities so that if future you won’t be muddled with legal ramifications.The startup India scheme was launched in 2016 with a key idea to promote entrepreneurial spirits in India. The primary objective of this scheme is to promote startups, create wealth, and generate employment.You can register your startup online. When applying for registration your startup you need to consider presenting the below documents;Letter of recommendationLetter of funding (by state government or the government of India) to specify the scheme applicableCertificate of IncorporationBrief description of the businessThe information technology act has provisions to submit electronic forms. All filings done by the companies/LLPs under MCA21 e-Governance programme are required to be filed using Digital Signatures.Filing INC -29 for Certificate of Incorporation. When applying to apply for INC-29 you need to have the below particulars ready;DIN ( Director’s Identification Number )Name approvalMemorandum and Articles of association ( MOA & AOA )Registered office verificationFew opportunities that you could consider for starting an online businessStart an ecommerce businessStart online tutoring classCreate and monetize a blogBecome an affiliateStart a dropshipping businessStart freelancing opportunitiesStart an Ecommerce BusinessIt’s quite easy to start an ecommerce business. With a manifold of pre-built ecommerce platforms available you get the opportunity to test individual platforms before writing off a paycheck. Almost all the pre-built platform providers gives you a 15 day trial period to fiddle around. This gives you an addon advantage to experience the platform in realtime and understand the pros and cons. Every platform has a set of limitations, it’s better you keep yourself informed.Create an Ecommerce Business - Start A Trial Store!Starting an eCommerce business is like opening a new Facebook account. One small signup and you get everything you want to sell online. Ecommerce business is gaining a lot of significance among people. A lot of newbie entrepreneurs has tasted success with this online business opportunity.Few eCommerce Platforms to Start your Online StoreShopnixShopnix is a Bangalore based eCommerce platform provider. The eComm company was founded in the year 2011. The platform provider is custom created to meet the entrepreneurial needs of Indian entrepreneurs.Shopnix PlansQuicky:- INR 1,000/ monthStandard:- INR 2,000/ monthPro:- INR 5,000/ monthPremium:- INR 10,000/ monthShopifyShopify is a canadian based ecommerce platform provider. There are about 600,000 online stores and is considered as a leading eCommerce company. The Shopify platform support both online and offline sales.Shopify PlansBasic Shopify:- USD 29/ monthShopify:- USD 79/ monthAdvanced Shopify:- USD 299/ monthKartrocketKartrocket PlansEssential:- INR 3,500/ monthPremium:- INR 7,000/ monthPlatinum:- INR 12,000/ monthStart online tutoring classWhy start an online tutoring. There are lot’s of digital nomads who are looking for courses that will help them wet their skill sets on specific areas. Let’s say you are good in cooking. Why not create an online website through which you could share your talent with people who really want to learn cooking.Be it yoga, music, whatever it be if you have the talent/ skill sets, then try to teach people who are looking out for it. People are looking for online tutoring course because they could learn whatever they want, taht too based on their convenience.Create and monetize a blogBlogging is another opportunity that allows you to create your own digital identity. Through blogging you will get an opportunity to establish your domain authority in a specific niche. Blogging has so far helped a lot of people to gain recognition in the digital sphere. Once you are successful with blogging and succeed in establishing an authority you will be able to leverage on it. There are a lot of business entities that are looking out for genuine and passionate bloggers who could help them scale their business.At the same time once you realize that you are able to generate enough traffic to your website, then you could apply for Google Adsense. Through Google adsense you will get amazing opportunities to commercialize your website.Lookout for Affiliate Marketing OpportunitiesThere are lots of affiliate marketing opportunities that you could look into. There are lots of affiliates who successfully commercialize a clients product and bag a good sum as commission. Look out for websites that offers partnering programs and make sure to use the best out of it. The website will assign an affiliate link to you. When ever a customers makes a purchase through the affiliate link the website will pay a percentage of the sale as commission.Start a DropShipping BusinessDropshipping business is one business model that has gained signNow importance among newbie entrepreneurs. The initial investment for this business model is too low. You need an eCommerce store to list the products and a set budget to commercialize your business online.In dropshipping business model you don’t own the products. You will enter into an agreement with few companies agreeing that you will be happy to list few products on your website. Once a sale happens to materialize through your website then the business needs fulfill the online purchase.Create an eCommerce Store and Start Drop-Shipping
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