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fiona@vas
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Hi Mark,

agree with all the posts above….and I would also suggest allowing some funds for legal & accounting expenses.

You mention having friends and family invest, so it’s really important that you set up a structure that is going to work well for everyone..doesn’t put your valued investors (or you) at undue risk and plans for what will happen if you sell (or heaven forbid!) need to wind up your business.

Some very sound advice given to me after the breakup of a business partnership was that getting into an arrangement is never a problem…it’s getting out of an arrangement when the troubles can begin.

Don’t mean to suggest that you should dwell on the negative, but if everyone’s clear on best and worst case scenarios you can focus on the best with less worry.