Question 1

What is SyncMynd®?

Accepted Answer

SyncMynd® is the platform where entrepreneurs, freelancers and investors connect to create start-ups and projects easier, faster, and less risky through collaboration.With SyncMynd®, you can exchange money and/or equity for services, or a partner you can earn money or start-ups’ shares through your talents.SyncMynd® is a community for collaborative entrepreneurship.

Question 2

How it works?

Accepted Answer

As an entrepreneur you can offer money and equity in exchange of services required. In this way you can reduce the intensity of capital required to get your start-up off the ground.As a partner, you can offer your services by joining projects. You can choose the most suitable projects for your skills and receive payment in money or equity of start-ups. The equity is an interesting option to build an investment portfolio that could be worth several times more in the future.

Founder

Register and choose your membership type.Sign up and create your Company Profile: you can create your Company profile attract the best talents and define your start-up value. Learn how to know your company value and share pricesPost your projects: After you create a company profile you can start creating projects. A project is a big chunk of work comprising several tasks. A project can be anything. It could be the creation of a web page or the installation and commissioning of a craft brewery factory. When you are creating your project, you will be required to allocate it to a specific category that is going to allow other users to find it. Try to choose a category that can summarize what is your project about.Post a partner position, including the project you are looking for a partner and the skills required, so the right partners can connect with you.Choose or accept the best candidates for your tasks and make the payment agreement through the chat.Once you create a project you can start creating tasks and publish them, so you can negotiate with potential partners their execution. There are two different types of tasksAdd new task with an existing partner: You can create tasks with partners you already have.Add new task with a new partner: You can choose to create tasks and allow new people to apply to be your partner.When you create tasks you will be required to enter an estimated value for the them, this is the value you are willing to pay for their execution. The value can be split into a combination of money and shares (equity of your company), just money or just shares. Learn how to set value to your projects and tasks.The tasks are the detailed activities of your project. For instance, if your project is the creation of a web page, then some of the tasks of your projects could be the following:Define a domain for the web page.Design the web page.Program the web page.These 3 tasks can be negotiated with one partner or with three independent partners. For instance, you can allocate the design of the web page to a Designer, and the program of the web page to a Programmer; or simply allocate both to the same person that has the skills to complete them.Use your projects dashboard to follow up the progress and control your tasks.Once your partners confirmed the tasks are done, you can approve the work and complete the cycle by paying or transferring shares to your partners.

Partner

Sign up and create your profile: describe your skills, knowledge, and background to stand out from other people.Explore projects: select the category according to the area of the project.Choose and apply for projects and tasks you would like to be part of. If you have inquiries, you can contact the project owner through the chat if you want to solve any question.Make the payment agreement with the project owner through the chat. Learn about Payment AgreementsOnce you be selected as a partner you will receive a notification.Enjoy your projects board to report the progress of your tasks, send comments and attach files with information about the task you are developing.Finish your tasks before deadline and fulfill projects requirements to receive your payment or your shares (equity of the companies).

Question 3

Why to create a project in SyncMynd®?

Accepted Answer

Getting a start-up off the ground is not an easy task. Finding the correct partner to come on board can be challenging and even if you have a good idea and knowledge of the business, you might not have the funds to make it happen.SyncMynd® offers you a large database of freelancers, consultants, advisors and contractors, with extensive knowledge and interest to be part of amazing business ideas.You can reduce your capital dependency for your business ideas and start-up.You can save time and effort to looking for an expert.You don’t need employment agreements, labor relationships or working contracts.

Question 4

Why to be a Partner in SyncMynd®?

Accepted Answer

If you are an entrepreneur but you don’t have an idea to start-up your business. SyncMynd® is your best way to start and connect with other entrepreneurs looking for skills that can match your expertise.With SyncMynd® you can invest in start-ups with your work. In this way you can build an investment portfolio that could be worth thousands of dollars in the future.If you are self-employed and work as a freelancer, consultant, advisor, you will face huge challenges like unpredictable workload, financial instability, and conflicting client expectations. With SyncMynd® become a partner, establish projects agreements, and increase your income.You have access to a wide portfolio of projects.If you have a talent or knowledge in specific subjects, you want to earn money all the time and be part of an amazing ideas, SyncMynd® is for you.

Question 5

How to begin my start-up or my business idea?

Accepted Answer

If you have a business idea but you don’t know where to start don’t be concerned, entrepreneurship is about action, you only need the will to start, and SyncMynd® can help you. Start by publish a project according to your start-up status looking for the best partner to help you. If you don’t know anything about start-ups, you could look for a person with expertise in entrepreneurship who could advise you on how to proceed. Here, we give you some recommendations about the steps you may follow, each step could be a project:Define your business model: value proposition, customer segments, unfair advantage, channels, revenue streams, costs, etc.Make your business plan and define the key performance indicators.Define your minimum viable product.Test your minimum viable product.Build your marketing and sales strategy.Launch your minimum viable product.Scale.

Question 6

As a Partner, when do I received my payment or shares?

Accepted Answer

Once you have been selected as a partner, you and the project owner will start the conversation through the chat to make the payment agreements according to our recommendationsAll the payments evidence have to be shared through the chat and the project board, to ensure the money has been transferred. Normally, it is transferred once you finish the task or the project before the deadline.If you are being paid with equity of  future companies the transfer of shares will be done once the company it is formally registered. SyncMynd® is not responsible for executing the money or shares transfers. It will be an agreement between the project owner and the partner.

Question 7

What is the SyncMynd® service fee?

Accepted Answer

You can enjoy SyncMynd features depending on the membership type of your choice and you can pay via Paypal with credit or debit card.This fee helps to keep our operational standards and customer support according to SyncMynd´s purpose: to create start-ups and projects easier, faster, and less risky through collaboration.

Question 8

What are the payment methods for a task?

Accepted Answer

The payment depends on a combination of money and shares (equity of the company). However, you can decide to pay or be paid with just money or just shares.For money, the payments between founder and partner are according to the payment agreement and the bank of your choice. We recommend for all the evidence to be shared through the chat or the project board, to ensure the money has been transferred, and there is enough evidence in the platform in case of a complaint.If you are being paid with equity of future companies the transfer of shares will be done once the company it is formally registered.

Question 9

How to get my information secured?

Accepted Answer

SyncMynd® operates with state-of-the-art cyber security tools to ensure the confidentiality of your data and the protection of your payment information. See

Question 10

Do you need customer support?

Accepted Answer

For any question, complaint or suggestion contact us in the Support section, at the end of the webpage or you can send us a direct e-mail to  support@syncmynd.com

Question 11

What if someone decide to copy my idea or my project?

Accepted Answer

In the reality, it is unlikely that someone is going to tried to steal your business idea. The reason for this is that few people can share your vision of your business. In addition, if you have an idea, there is a high probability that someone else is working on a similar concept in another part of the world. What makes a big difference for entrepreneurship is the speed of execution, the cohesion of the team and how good you are to sort out unforeseen issues. Moreover, if you are successful it will be expected for you to have a lot of competition as many people is going to try to copy your product. Therefore, it is critical to have an innovation planning place is going to allow you to maintain your competitive edge.

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