I am looking to start a manufacturing business (could be product or service based). I am looking to get an investor(s) to substantially fund my business, which reduces my family finance risks. I would take a lower salary in exchange for shares in the company. I have done a significant amount of research into the business to determine where opportunities exist and market trends. I have also come up with the basic product design.
So the question is: How do I go about putting a valuation on the work I have done to date. I want to be fair to the investor, but I would like something more than a paycheck at the end of the day as I expect that it will either be sold or franchised or both. I looked through the posts and could not find good guidance on this topic. Anyone have some advice for me?
P.S. The proposed business is in the area of additive manufacturing (3D printing). I have different options depending on the investor's appetite. PM me if you are interested in participating.