Hi Michael, How do I compete with businesses that can offer similar products/services at a lower cost?

Well – that is going to be quite hard to do. not everything is life is about cost – some places charge more and give better, more personalized service instead or can bundle the product into something else with a higher perceived value. If you can’t do any of those things, I would suggest a new line of work.

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How do I compete with businesses that can offer similar products/services at a lower cost?

Answered by Mark MacLeod – Partner, Real Ventures

Do something different. Seriously. (more)

How do I build a tech start-up based on an idea

Answered by Tara Hunt – Founder, Buyosphere

Egad, this is a very wide, nebulous question. I wouldn't ask it this way. Ask instead: "How do I solve a real world problem using technology?" and when you find the answe... (more)

How do I know my business plan is feasible? I

Answered by Daniel klass – Partner at Klass Capital VC fund.

i would not worry about painting the financial picture. show why your product/service is feasible, what you have done to prove out the viability and then address the size o... (more)

Hey Dan, I am McClure's definition of the Hustler Co-Founder. I currently have a pretty damn good idea. And I still can't sleep at night so I'll be on it for a while. But ...

Answered by Dan Martell – Founder & Investor.

What are you asking? How do you find hackers that want someone like you? Or how do you find hackers to build your idea? If you have skillz that are attractive to hackers, ... (more)

I have friends that have expressed interest in investing in my business. How do I go about setting this up? For example if they put in $500 for 10%, does that mean 5 years ...

Answered by Mark MacLeod – Partner, Real Ventures

That's how it works. Whatever % you agree to is the % of the business that they own. I strongly discourage raising from friends and family unless you have to. Make sure t... (more)

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