An aspiring entrepreneur asks whether it's legal to take a salary from investor capital. Ask Entrepreneur's business expert answers, also suggesting crucial factors to consider before leaving a job and salary behind for any startup.
I am working on a deal with the largest distributor in the world of sporting goods to sell a product I've come up with. This company has already offered a payoff of my patent with a 3 percent royalty. However, my business plan isn't finished and I need more money. I know this is a really good problem for me and my company, but I'm wondering: Should I seek an investor? What's the best way, and why?
I want to start an information consultancy firm in a relatively new market -- meaning I have not seen any other business like this for the advertising industry. Given this, how can I determine how much money I should charge clients to look for information for them? Obviously I don't want to over-charge them but I also don't want to under-pay myself. Any advice?
I'm in the process of developing a business plan for a cheerleading gym and am looking for a resource that will share pay information for other gym owners like me, as well as pay scale information for future staff. Any suggestions?