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Affordable Cleaning Business
By The Cleaning Biz
When thinking of going into any business the prices you charge have to be affordable while not under estimating your worth and losing out on profits. Therefore the most important aspect you have to Read more...
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Online Universities: Who’s Offering What…
By Manu Geol
Considering an online degree? There are hundreds of universities and colleges providing online education in the United States. Whatever your subject of choice Read more...
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Get Free Fast Food Using An Austin Business Consultant
By Ben Jordan
I want to share an interesting ad I saw in the paper the other day: Wealthy fast food addict in search of an Austin business consultant to guide him in the purchase of a fast food franchise so he can Read more...
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Business Angels Taking The Risk
By caz
When you’re building a new business, or looking to expand your old one, the first thing you’ll always need is money. Money doesn’t just grease the wheels of business, as the old adage goes – money is the wheels of business. Everything in depends on it, and if you can’t get funding, your plans will never even get out of the starting gate. So, what do you look for in an investor? Some investors, called venture capitalists, represent large bases of other investors and, as such, are spending their money on your project, much the way a stockbroker or investing firm works.
On the other hand, there also exists a kind of investor who invests his or her own money in starting companies. They’re taking a risk, and are often careful where they invest, but they do invest somewhere – and with the right sales pitch, that somewhere could be your company. These investors are called angels, and work either singly or in pools of capital. They may invest now, while shares are cheap; wait a few years for your company to mature, and then sell to other stockbrokers or back to you, if you’ve made enough profit.
The problem, of course, is that angels are investing their own capital. No one, as they say, is more careful than a man spending his own money – angels will be very careful where and what they invest in, so you’ll have to have a bulletproof sales pitch, if you expect to succeed and get the funds you need. A key here is preparation. Before your first meeting with your investors, make sure you know everything there is to know about your company, your market, your target audience, and your locale – nothing impresses people more than a ready answer for every question and plenty of hard evidence.
Also, make sure you have a good, clear plan. Know how many people will be on your payroll, what equipment you’ll need to buy, what office space you’ll be renting, and how all these expenses translate into profits at the end of the year.
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