The question of how to attract investors to a potentially successful new business has been one that has dominated the minds of many entrepreneurs around the world for years. The average entrepreneur doesn’t have sufficient capital to start their own business, but finding an investor who is willing to back a project can often be difficult. Regardless of how potentially lucrative an idea may be, it may still be hard to find people willing to invest an in untried and … Read the rest
Archive for October, 2011
Ever heard the saying, “bet on the jockey, not the horse”? It may be an old cliché but it holds firm in the world of venture capitalism. What it means is that smart investors pay more attention to the people than the ideas when it comes to investing.
Of course, this does not mean that a useful product, solid industry research, sound marketing, well-defined markets and a solid operations plan are not important; a starving horse will not win any … Read the rest
A standard business plan has ten sections and each section is crucial to the final product. If you want to intrigue investors and compel them to read your plan front to back, craft all of these sections with great care.
If your business plan is your introduction to investors, the executive summary is the initial handshake. You want to grab the investor’s attention and convince them that reading to the end would be a wise investment of their … Read the rest
Entrepreneurs often shutter at the thought of putting together a business plan because they know it can make or break their chances of finding investors. It helps if you think of it as an introduction to your business. You want to show investors who you are, who your customers are, and how you fit into the market. Some other things to keep in mind are detailed below.
Assess Your Chances of Success It’s one thing to know the potential of … Read the rest
Do you want to put your business plan together quickly? This simple five step process will help.
1. Start with a basic template or plan.
Find a template or guide for a standard business plan which includes all of the following sections (in order):
You may be tempted to get creative with section terminology and order, but don’t do it. Investors … Read the rest
It isn’t always easy to secure funding for a business, but with the following five tips you will be a step ahead of many competitors.
1. Put your past successes on display.
The best way to predict the future of a business is to look at the past of the person or executives running the business. If you are starting a new business, then you should highlight your past successes raising other companies from infancy to full growth. If your … Read the rest
If you are looking for small business capital, an angel investor could be a good idea. In order to attract this type of investor you will want to start by thinking like a prospective investor. To do this put yourself in their shoes, what would encourage you to invest in a business? What would you need to know?
Generally, there are a couple of primary factors, which are management and markets. Angel investors are interested in seeing that you have … Read the rest
There are a lot of reasons why a business plan is crucial. For example, a start-up business needs a business plan to get organized, and to state the potential for business success. Established businesses need business plans to stay organized and on track, and to gain investors and loans. There are more reasons as to why you need a business plan.
When you create a business plan, you will be exposed to any flaws and concerns in your business … Read the rest
What you must remember when doing market research is the fact that collecting the right data is the most important thing. Collecting this data allows you to understand your customers, which gives you the chance to tailor your products to meet their needs. Keep in mind that your competitors are doing the exact same thing at the exact same time, so you are in competition for this information as well. Therefore, make sure that you make the right choices when … Read the rest