K4D It's a Wonderful Life

[K4D]

It is essential that you begin to educate yourself with resources pertaining to small business. SCORE is a good first step. I am surprised you never heard of it if you have owning a business on the brain.

It is no secret that I am not most knowledgable on resources out there.

What formula did you use to reach the time frame of 2-3 years to turn a profit? What research and market share do you have to back that up?

Just guessing. It will take probably a year to develop the app and fit it to what we are looking for. I have seen enough apps developed in corporations to know this is a safe bet. Then it will take time to market it to different companies and tweak it to fit their specific needs. I also know a business developer who sells solutions in the IT industry that can help us out to. I already talked to him about it.

Are you comfortable with a group of people that are willing to work for no pay in the hopes that a profit will be turned "down the road"?

We all have jobs. We have known each other for almost 2 years. They are all good guys. We all worked together for the same company which is how we met.

What research have you done to see if your idea is even viable? Do you have any stats that offer you a piece of mind that in 2-3 years the app you want to create will even still be technologically current and useful?

From working where we did, we did get to see the nitch being filled for one type of industry and we decided it can be filled for others. We worked on it first hand at the company we were at. It will most definitely have to be tweaked and upgraded as things change.

Do you and your group have clearly defined roles for all aspects of running a business?

We have already started laying out our goals and ground work. We are in the beginning stages of it now. There is still more to come with that as we get more into it.

Kevin