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Herbert Prokscha

Founder of American food companies.

Bio

Strategic Advisor to Founders and CEOs. Took a specialty food manufacturer from capital raise to exit sale. Turnaround CEO. Food safety expert. Built five USDA inspected food manufacturing facilities.

Recent Answers

Small Business

I have a business question.


Herbert Prokscha

Founder of American food companies.

Social enterprise and "most profitable" are in conflict with each other. It may be best if you focused on one or the other and once the idea works, then either make it profitable or add a social component. Trying both at the same time has a very high chance for failure.

SEO

What is a reasonable budget for SEO for new startups?


Herbert Prokscha

Founder of American food companies.

Depends on your industry and target customer. As a no-revenue start-up I would not spend more than $ 1,000. If it is a consumer direct item then I would put most of my marketing money into ppc ads and still less than $ 1,000 for SEO.

3D Printing

How printed foldable boxes effect on your business?


Herbert Prokscha

Founder of American food companies.

That will depend on qualiy, price and availability.

Event planning

I'm launching a marketplace for event vendors to list products/services for planners. Is there demand for this? What challenges are likely to occur?


Herbert Prokscha

Founder of American food companies.

The issues are: 1) you have to sign up thousands of suppliers to cover geographic issues 2) You need thousands of event planners to make the platform be of interest to suppliers 3) How will you monitize this (i.e. membership dues, commissin on each transaction)? 4) Tech stack needed is expensive

Research

Are there success stories of desertification reversal?


Herbert Prokscha

Founder of American food companies.

There have been many stories of successful examples in the news. The big one is the "Loess Plateau" in China, the "Altiplano" in Bolivia and the "Green Belt Movement in Kenya.

Marketplaces

What is the best pricing (business model) to apply to a marketplace?


Herbert Prokscha

Founder of American food companies.

First you need to calculate your costs. Then estimate the number of transactions per month Then estimate your cost and margin per transaction Identify who benefits the most and charge them 66% of the number you need and charge 34% to the other party. Monitor and test and be willing to change percentages based on what works.

Start-ups

Where, how to obtain a startup capital WITHOUT involving investors (no equity distribution!) as a EU resident with maximizing a chance of no payback


Herbert Prokscha

Founder of American food companies.

I have taken a manufacturing company from initial capital raise to exit sale. It took 137 pitches to raise low 7 figures. First you need a MVP and a business plan. With that in place you can solicit investors. You start with your most inner circle (family) and work yourself outward from there. If you do not want to offer equity, then offer notes. In any case if you do not have a product or business plan, you are not serious.

SaaS

How to offer my services to SaaS and Startups?


Herbert Prokscha

Founder of American food companies.

Go to the source - i.e. monitor government sites that list new company incorporations and then call the companies with your pitch. In the US that would be the Secretary of State website for each state.

eCommerce

How do i gain a call on here? I have a lot of knowledge and can help you scale your business. Give me a call.


Herbert Prokscha

Founder of American food companies.

This is not the way to do it. You need a track record.

Entrepreneurship

as a new Entrepeneur how I set the amount per minute that I want to charge people for information or advice on the subject I'm doing


Herbert Prokscha

Founder of American food companies.

Since you are brand-new at this, ignore the AI generated answers. Because you have no base line, based on my actual experience from more than 10 years ago, my suggestion is: 1) Study other peoples profiles and what they charge. 2) Trust your instincts and set a rate that you think will work for you. 3) Check your statistics for a week, if no business or click on your profile,raise or lower your rate. 4) Repeat until your rate generates clicks. Then fine-tune your profile and do some outbound prospecting.

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Areas of Expertise

Startup ConsultingSmall BusinessManufacturingLife CoachingFood & Beverage