Funding for Biz
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- EricMedina
Anyone know the best way to go about getting funding for a business from high net worth individuals? It's a startup but is really just a spin off of another company that has been around for a number of years. So instead of private labeling we want to build our own brand and make lots of $ selling it in 3-5 years
- bulletfactory0
1. spin-off non-profitable business
2. ????
3. profit.
- organicgrid0
A solid and well composed "business plan" will do wonders...
- Peter0
How to get seemingly free money for something you'd start up then dump in a couple of years. Sounds like something that would spur a recession.
Of hair.
Why not just drop the dough yourself. If you're that confident in that you'd "make lots of $ selling it" there shouldn't be any doubt of financial loss.
- EricMedina0
You have to have the really good technology and really good business savviness. It is hard to master both without partners. Now that we have partners we just need money to grow
- Peter0
...and what organicgrid said. If you were/are serious.
- EricMedina0
Need 1.5 million
- organicgrid0
... also networking at events and or seminars where your target investors will be trolling is probably the best place to meet people who might be interested in your "business plan", and also be sure to have your "elevator pitch" down to a science...
business plan
http://en.wikipedia.org/wiki/Bus…elevator pitch
http://en.wikipedia.org/wiki/Ele…
- d_rek0
Local business accelerators / economic growth engines can be great sources of funding. I think most major cities/regions have one (if not many).
One of our clients is a not-for-profit entity that manages a group of funds which provide a variety of loans to commercial/service industries. They also provide a loan for start-ups with the only requisite being you must attend some classes at a local business accelerator program. It's an easy $50k for entrepreneurs.
- Fax_Benson0
- LMAO...organicgrid
- 1:15...organicgrid
- love how it takes away the prototype with purpose!epigraph
- he takes awayepigraph
- jaylarson0
maybe on kickstarter?
http://www.kickstarter.com/
- kalkal0
If you want to make a spin off of another company, why can't you raise the funds from the other companies money? Isn't it going well? What makes you think your new venture will do better?
If you are making plenty of money, why do you need investors help?
- EricMedina0
Never had the brand just private labeled the technology. Need a fresh, exciting business approach
- dMullins0
most comments here are idiotic. I've got some good formats for biz plans that I can share. email me. I've got some other resources I can share as well.
- dMullins0
most comments here are idiotic. I've got some good formats for biz plans that I can share. email me. I've got some other resources I can share as well.
- abettertomorrow0
Tell me your business idea. I may be willing to fork over the 1.5 mil, but only if its really, really good.
- showpony0
I've found that getting a SWOT analysis can really help. It shows that you've done your research and that you're relevant to the market. This will also help you position your offering.
Also, having clearly defined timetables and metrics for success is pretty important. Oftentimes, the awarding of vc money will come with such metrics (i.e. future funding being conditional on performance), but if you go in with these numbers to begin with, it will show that you know exactly what it's going to take to make it etc.
- honest0
does it have to be legal?