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Business Development: What are some effective ways for a self-funded B2B startup to build a business development team without breaking the bank?
JM
JM
José Medina, Helping entrepreneurs with their first steps. answered:

Hi there!
A couple of ideas you can use , in order to save money and develop the team without breaking the bank;

-The first and the most utilized, look for co-founders , and give them a % of the business, always have in mind that for this kind of business the magic number is 3, a person who build it, a person that sales it, and one that scale the business.

-Hire someone , don't pay too much but give him/them a % of equity and/or a small amount of commission per sale.

-I don't know in what country are you, but, look for government incentives for SMBs (non-reimbursable contributions) , you can use those funds to increase your capital and afford the business team.

-Finally, you can also look for sponsors in order to get more capital.

If you need more help with some of there actions, i will gladly help you.

Best,

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