New Electric Cruising Catamaran

Discussion in 'Projects & Proposals' started by sailsocal, Aug 2, 2013.

  1. sailsocal
    Joined: Jun 2006
    Posts: 51
    Likes: 1, Points: 0, Legacy Rep: 13
    Location: Los Angeles, CA

    sailsocal Junior Member

    Southern California marine startup company seeks a business advisor to help set up a new corporation, secure funding, and develop a global marketing plan. We have an extremely compelling new design with innovative features (patent pending) not found on any other boats.
     
  2. rwatson
    Joined: Aug 2007
    Posts: 5,887
    Likes: 312, Points: 83, Legacy Rep: 1749
    Location: Tasmania,Australia

    rwatson Senior Member

  3. Wavewacker
    Joined: Aug 2010
    Posts: 696
    Likes: 21, Points: 18, Legacy Rep: 226
    Location: Springfield, Mo.

    Wavewacker Senior Member

    Asking for a "business advisor" is pretty broad, you may get all kinds coming out of the woodwork.

    If you're seeking advice from a consultation firm, that may serve your needs, I suggest you get with an attorney and a CPA first to provide due diligence on contracting with a firm.

    If this is anything as implied here, I'd say you need specific guidance in marketing and finance, one person won't be that qualified in both fields as they are different specialties, so I'm suggesting experts in each arena.

    You'll probably be looking at joint venture partners, the first place to look to investors who already invest in the marine industry. Existing companies willing to expand a market line.

    You've made no mention of the financing required, which will have a bearing on types of investors you'll need. You'll be entering the lion's den without a good finance type.

    I'm retired, use to do such financing, don't mind passing information but I'm not interested in a job or contracting.

    You need an attorney who has done private placements and startups before, your needs will determine the type of entity you should have, partnerships, stockholders or venture capital to principals. A CPA can help identify capital needs, not so much the source, but to due diligence and the financing structure.

    Marketing is wide open, either an existing company that has a marketing agency or staff in place or finding a marketing agency to assist you. You should already know enough about your widget to know your target market.

    I suggest you take a team approach drawing on specialists rather than betting on one small firm or person. If you need a CEO, that is another search. You'll need money upfront for larger firms, collateral and expertise with a proven track record for larger firms that can simply take charge of all aspect of your business needs.

    Good luck! :)
     
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