Wednesday 28 May 2014

Get investors

Pitch your idea to any potential investor to get money to start your company. If you have a good idea, they will love to invest their money in your company.
  • Make a PowerPoint presentation (or something of the sort) explaining why your product is the best, including each part of your business plan in the presentation.
  • Tell them how much your estimated gross profit is and how much percentage of that they will earn in interest. Many VCs (venture capitalists are not set up to make you successful. A wonderful success for you might be to earn $80,000 a year doing work you love.
  • Starting small and pleasing a small number of customers at first is a high-probability way to get there. A VC will not allow such a success to happen, because a VC's strategy is to become a billionaire by rolling the dice on many low-probability but potentially gigantic-returning businesses. The price you pay for taking on a VC is control: control of your dream. If you can get the business started without spending a lot of money, that might be your best route.

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