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Red flags I should look for (considering partnering with a startup consulting company)? (alien.top)

submitted 11 months ago by Alternative_Movies@alien.top to c/entrepreneur@indiehackers.space

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First-time solo entrepreneur over here and I have a problem when it comes to overthinking. The product that I am working on has both a physical and digital component. I'm considering working with a startup consulting company that have an in-house app development team. They work with people to take them from idea to launch. Overall, it is looking to around $20,000.
My strengths

UI/UX
Idea + Vision
Technical knowledge (It would take time but I could code the MVP)
Marketing

My weaknesses

Business and Finance
Manufacturing

In a nutshell, I would say I know how to build products that people will want. I can talk and present but I have no experience or knowledge when it comes to building a business, revenue streams etc. I'm not saying that I am the next Steve Jobs but he is an example of where my strengths and weaknesses lie.
Essentially they will provide the support to get me investment ready. We will work together to develop a financial plan, developing the business model, practicing pitching, MVP, creating marketing videos, targeted consumer market surveys etc.
I think their incentive is that along with this financial commitment if/when I get outside investment I would get their in house app dev team to build.
My experience with them thus far was that I paid $700 for them to do market research. Their promise was that if they believe there is no market they will refund the money. In the report they showed me competitors (which I knew) but the angle that they took that I did not was that I was looking at the features those competitors offered whereas they looked at their revenue, investment, number of users.

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