How do you go about finding investors for starting a business venture?
Posted by admin on 29 Jun 2009 5:15 pm. Filed under Small Business.
A Designer
I have several ideas for different businesses that I believe would be successful in my community. I don’t necessarily have the capital (or credit) right now, to start something on my own.
I have several ideas for different businesses that I believe would be successful in my community. I don’t necessarily have the capital (or credit) right now, to start something on my own.
And I’m not necessarily interested in working 80 hours a week to run the business until I retire, you know? More like, I want to start a business, then either hire other people to run it or, better yet, sell it to someone who wants to do whatever with it (expand, make a chain, whatever).
Any web-site resources or books any of you would recommed? Better yet, any life experience/examples anyone is willing to share?
2 Comments to “How do you go about finding investors for starting a business venture?”
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On July 2nd, 2009 at 9:00 pm
The first thing you need to do is to flesh out your business ideas. Thinking of starting an export business or a wedding planning business, for example, is one thing, but planning it out is a whole different level. And you need to do that if you want to attract investors.
When you pitch your idea to investors, they will ask you questions: is there a market for this; how will this be produced; how much capital do you expect to raise; what is the level of competition out there. You already know your exit strategy – but how do you go there?
Here are some resources that can help you write your business plan:
- SBA Business Plan Basics
- PowerHomeBiz.com Creating a Business Plan section
- Entrepreneur.com Writing a Business Plan section,,00.html
You may also want to review some sample business plans to see how it actually looks like:
- Bplans.com
- MOOT Corp Business Plan competition winners
- VFinance – View hundreds of real business plans in pdf format.
- Business Owners Toolkit Sample business plans and information on how to create a plan.
- PlanWare Planning software and information.
- Virtual Business Plan Walk through the design of a business plan.
-SBA Business Planning Guide
- Small Business Advancement Center
- Sample Business Plan General planning guide created by the Canadian Business Service Center.
- Business Plans Index – A subject guide to sample business plans and profiles for specific business types from Carnegie Library of Pittsburgh.
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Some recommended books are :
- Business Plans Kit for Dummies
- The Complete Book of Business Plans : Simple Steps to Writing a Powerful Business Plan
- Writing Business Plans That Get Results : A Step-By-Step Guide
- Business Plans For Dummies®
- Your First Business Plan : A Simple Question and Answer Format Designed to Help You Write Your Own Plan
On July 4th, 2009 at 3:42 pm
Why not start with a proven, individually owned business partnership? I am in such a business, it had no startup costs and I am making several hundred dollars a month after only a couple of months.
Write me at jstmother, at yahoo, if you are interested in investigating this opportunity.