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/biz/ - Business & Finance

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1669743 No.1669743 [Reply] [Original]

business partner (investor) insisting on being able to cover monthly overhead for first month

its very small but i tell him we need to grow first (saas company) before we will be able to cover that.

what is a way to generate atleast 100-150 users from PPC ads, promos anything.

>i have ran an identical company like this successfully for 100k in gross profits

>> No.1670055

>>1669743
bump

no one has input or any questions?
obviously i know methods to gain users but not instantly with no reputation as a business.

>> No.1670080

>>1669743
think i am just going to tell him that its not that simple

worried about going 2-3 months without overhead or little to no profit after. this was the case for quite a while with last company. any thoughts?

>> No.1670405

He's obviously worried that your business will bleed you both dry. As someone who's tried and failed before, any negative cash flow is an enormous red flag.

I'd talk to him about strict timelines and declaring immediate failure right away if anything happens after month one.

>> No.1670430
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1670430

>>1670405
>Immediate failure right away if anything happens after month one
So if there is no profit month 1 I dissolve? You're nuts. I made 51k gross profit off my last company that took 2-3 months no profit to get going. Also the overhead is actually minuscule and would not do any financial harm to either of our nets.

>> No.1670469

>>1670430
I'm not saying I'd require that, I'm saying that's what you're partner wants to hear.

Either that or say you'll cover the cost for the first two months

>> No.1670473

>>1670430
Why do you need an investor if you made $51k gross from your last venture? Go to the bank you lying sack of shit.

>> No.1670533
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1670533

>>1670473
Because i'm an idiot and splurged my whole salary away. Beyond the point.
>>1670469
Might offer this, thanks