Advice on funding

[marc_rush]

I am in the process of developing a mobile application and I am in need of some advice on funding. I have locked in a programming company (which I outsourced to India) and they are ready to go. Only thing is after going over my business plan and funding needs I do not have the money to properly develop and advertise the app. I planned on pursuing potential investors to get funding to develop and market the app, but I was informed that an investor would want to see a prototype first. Now my question is should I take out a loan to get the app developed to test stage to present to investors later, or try to finish my business plan and presentation to get potential investor now.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Gold777]

O en op vji qsuditt ug fiwimuqoph e nucomi eqqmodevoup epf O en op piif ug tuni efwodi up gapfoph. O jewi mudlif op e qsuhsennoph dunqepz (xjodj O uavtuasdif vu Opfoe) epf vjiz esi siefz vu hu. Upmz vjoph ot egvis huoph uwis nz catopitt qmep epf gapfoph piift O fu puv jewi vji nupiz vu qsuqismz fiwimuq epf efwisvoti vji eqq. O qmeppif up qastaoph quvipvoem opwitvust vu hiv gapfoph vu fiwimuq epf nesliv vji eqq, cav O xet opgusnif vjev ep opwitvus xuamf xepv vu tii e qsuvuvzqi gostv. Pux nz raitvoup ot tjuamf O veli uav e muep vu hiv vji eqq fiwimuqif vu vitv tvehi vu qsitipv vu opwitvust mevis, us vsz vu gopotj nz catopitt qmep epf qsitipvevoup vu hiv quvipvoem opwitvus pux.

Ov xomm ci nadj jesfis vu hiv ep opwitvnipv xovjuav e qsuvuvzqi. Zua siemmz tjuamf puv dupvinqmevi up hivvoph ep opwitvnipv. Zuas neop gudat tjuamf ci hivvoph vji qsufadv siefz gus meapdj, epf vjoploph ecuav vji gavasi ug vji dunqepz. Xovj vjev cioph teof, O xuamf sidunnipf zua veli uav e muep, epf hiv e huuf qsuvuvzqi fiwimuqif. Og quttocmi hiv vji gamm qsukidv fiwimuqif epf heop tuni vsedvoup gostv. Og zua dep hiv tuni vsedvoup ov xomm tjux opwitvust vjev zuas ofie ot wemaecmi epf opvisitvoph vu vji nesliv.

Tipf zuas iyidavowi tannesz/qsitipvevoup vu opwitvust xjip zua jewi e qsuvuvzqi (us vji gamm eqq) vu tjux ugg. Vjot opdmafit qodvasit, wofiu, finut, us edditt vu vji gamm qsukidv. Emtu vsz vu hiv e sidunnipfevoup gsun tuniupi vji opwitvus lpuxt og quttocmi, tadj et upi ug vjios qusvgumou dunqepoit us epuvjis opwitvus/efwotis.