I want to exoand my business

[Nia_Fox]

Hi Friends,
I am working on a business idea of software development. I want to expand the team to take the idea to a prototype stage and secure funding. My problem is that I have very limited funds and I and my colleagues are hard core developers. I don’t want to take much liability and waste my time in business operation. What is the right way of doing this? Need your suggestions..

[inle]

If you got a sellable business plan, surely you can find investors..

We got some investors here..
They might be able to help..

[jmeijers]

I would suggest finding someone to add to your team that does like the business/sales side of it. If you don't you'll have to do it yourself (an investor won't change that).

You can also hire someone, but that takes cash. So either get someone in by shares, or find an investor so you can hire someone. Don't do things you don't like; you'll end up doing them badly.

[myfayt]

Here is some words of wisdom.

NEVER expand if you're not making enough to expand.

For software development. Parter up with 1 or 2 other people and tell them they won't get paid right away, once you produce software and make an income, they will be paid. This is the best way of doing it, start from the bottom and work up.

If you make $500 a month on software and it takes $20,000 to expand, then you will be bankrupt and in debt. Only expand when you are able to.

If you make $1,000 a month profit after expenses, you might be able to bring one more person in.

Expanding too fast will make you bankrupt. Any new companies should never expand until after the first two years.

[inle]

This has opened another possibility..

Far better than getting an investor..

I figured it is better to get working partner(s) to work on the business' marketing & sales..