I would make it short. When you're ambitions are higher than opening a shop with fruits & vegetables and
the investors could make cash on it (by getting e.g. 30%-70% of you're business & having the equal share in profits & voting power) – it's a good starting point to seek the funds for the business. However, if you don't have needed experience (didn't
done previously couple successful businesses) – you want to start from what you have got already (money).
Lack of ability to raise the needed capital (or insufficient funding) is commonly the reason why the start-up companies fail.
In almost all start-up business you need to have cash on start to open anything, if you don't do manual labor like building websites (programmer) or other kinds of works which don't require it – it's the best option to seek the
capital from Family&Friends&Fools ("FFF"). You may repay them back when you would have the capital. Banks are not necessarily the best option. Besides – when you've got nothing or little – don't expect to get tens (or hundred) of thousands to fund you're business on the beginning. You always want to cut the costs to the absolute minimum and rethink twice
that X or Y is necessary to OPEN & RUN you're business (to make cash) on the very start.
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MAKING BUSINESS from the right angle PART I
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How to get clients? (business) (all the links are in this article)
In order to make money you need to sell your products &/or services to other people/companies.
Firstly: when you've got an idea – approach (send just application) to the business analytic (people who do the "critic" part of the business – believe me, they would crush you're idea completely). Those are the people which are "experts" in the "money making area" – they see all the flaws in (you're) business and they're in 99% right. By sending
application to those people you're
saving huge amount of time, effort & gaining: peace of mind. Please make sure you send applications to the (at least) 10x venture capitals, business angel networks & receive valuable feedback – if the answer is "no", always ask WHY. They should reply. (TIP: if you're a start-up [beginning company, with no track of
record], seek for: seed capital funds)
In the article:
Rules you need to know while approaching business angels investors, you've got a complete Q&A (Question & Answer) part on the questions you want to ask now. Please read it.
…
I've decided to dump this idea, because I didn't received the funding, end. (I would make you think why & probably encourage to establish a chat with some of the funds to get the reasons why, e.g. by sending this "business plan" application). This business plan document was sent to over 700 venture capitals & angel networks in countries like (mainly): US, Canada &
Poland (separate document).
BTW. I think you might be interested in: OVER 775+ BUSINESS IDEAS & STILL COUNTING!
BTW2. I've got currently another new brilliant idea which is even nowhere near this one and it's... bigger. All my "fight" you can read @
SUCCESS STORIES: a global multi-billion (after min. 5-7 years) dollar annum site. Thank you.
I need also to add that what made a #1 difference in my life is:
VERY DANGEROUS HYPNOTIC SESSION WHICH CHANGES YOUR MIND IMPLEMENTING SUCCESFULL ACTION PATTERNS which is SUBCONSCIOUS PROGRAMMING of you're mind that
changes permanently the ways you feel, act & leads to achieving everlasting success (you even don't realize it, but you're becoming successful overtime only by repeated listening to the audio by continuous number of times). It switches you're thinking → permanently, then: when the thinking is changed – you start to engage (subconsciously) to the
success–leading patterns & you start to really act. Open link for more.
… 2011-08-11.
I would also like to share:
lendco.com,ideas.zip (notes).
… 2011-11-20.
I've reminded myself to put all the research I've done to this project:
lendt,resources,path-of-power.com.zip (most is in polish language).
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