Entrepreneurship · Equity

when starting a Hi-Tech start-up, what is the best approach you can take to convince others to join you ?

Johar Ma Ideas Maker, project and product management, Talent Hunter.

November 21st, 2017

I noticed that this problem is facing a lot of new entrepreneurs , including myself to be honest. when it comes to convincing ( that be Co-founders, employees and even Angel investors ) it is always hard, because everyone is aware of the high risk, so most individuals will avoid "wasting" their time without getting a high incentive like a monthly salary or getting paid on each milestone or a working prototype.

so my questions is to all the experienced entrepreneurs; what, when and how much should you offer on each stage of the start-up ? and based on what ?

example : if someone got a great idea for Jewelry product but he can't offer money. to start he first needs a designer, then an Angel investor to start producing his product...

Brent Sanders CEO at Fulton Works, Operating Partner at Builders Studios

November 22nd, 2017

It requires that you demonstrate value to the other person. You can co-opt others by doing a thing that they can't, but want to. Ideas don't count though.

Adriana Baron IT project manager

November 22nd, 2017

Start by setting up a crowdfunding campaign and raising funds this way. This is also a great way to test the market and see if your product has some potential. Be careful and set this up well since this could work against you, if you are not successful then you will be less likely to convince people to join you. How much does a prototype cost for your product? can you build its brand like website, etc before even actually doing the product? Start small and do a prototype with other materials, etc and then try that way.

musa edward Cofounder & CEO of Livestock Forever Organization and Cofounder of Mlimbe Food and Vegetable Supply

November 23rd, 2017

Just Present and sell your idea to interested investors i think is a first best approach. other way you can think big but start small the result will attract others to join you. you can sell your idea verbally or formally using Business plan or concept note. the out put will convince them to join you.