Business Ideas Profitable
business ideas profitable
I have an idea on a possible successful business, but do not have $ Where to start?
« Where Do the Best Online Business Ideas Come From? – Several Breakthrough Internet Business Ideas »
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- July 30, 2010 um 8:22 am
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- successful business ideas
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- business, Idea, possible, start, successful
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bank ask for a lone
#1 Comment vom 30. July 2010 um 8:27 am
If you are going to a bank you better get rid of the work possible in your statement.
Get business plan software.
Find some partnership contracts that you like and find someone with money or credit that you are willing to let be a silent partner for a huge part of your profits.
Sucks right… you do all the work, they make most the profit.
Take them to the bank with you.
Or get a bigger idea and find a venture capital group… You may give away less there because those folks are already rolling in money, however you need to be willing to trust people you don’t know.
Work HARD and give it all away.
Generally the first time is practice.
Good luck!
#2 Comment vom 30. July 2010 um 9:17 am
Without a track record of successfully starting companies you won’t be able to get money from any banks and I’d almost guarantee that venture capital companies won’t even meet with you if you don’t have a working model.
Write out a business plan and put the idea on paper with as much detail as possible. Describe what your product is and then in excruciating detail, what is your plan for making money for the next five years.
Then pitch the idea to friends and family. If you can convince them to invest in you then the next step is to start your company. Figure out if you want to make it an S corp or an LLC and get started on building a working model of your business.
If you can show that your product sells, it is that much easier to get investments. Show investors that X amount of money is spent to attract customers, it cost Y to operate the company, and there is still Z amount of profit being made. If you’re doing this you have a business.
Best of luck!
#3 Comment vom 30. July 2010 um 9:20 am