February 10, 2012

What to do for get money for my business idea

When you have a good business idea the money never is a problem because if you know to sell it you will always find someone who wants to invest in it.

But like everything in life, business ideas have to be sell.

In an interesting article in Cnn Money , they recommend that we should divide their work into two parts:

1. Preparation of business analysis that will present to potential investors and,

2. The creation of an adequate social network that allows me to reach potential investors to which I will sell my business ideas.

In the interview with the potential investor one must be prepared to answer the following questions:

  • 1. Who is the customer?
  • 2. What is the product or service?
  • 3. What is our goal in this business idea?
  • 4. What is the value of our business proposition?
  • 5. What is our market or target markets?
  • 6. What is our past, present and future financial conditions?

You can read the full article at Money Cnn website by clicking here on this link

How to start a new business, become successful, and make money

If businesses were easy any one will have a business. The true is that start a new business is a hard process where only few survive.

If you look around you many businesses are open every day but many also closed all day. According Money CNN in 5 years there is a 50% chance that a small business to survive.

The secret that you are not among those who fail is based on 3 aspects:

1. Education. You should be educated permanently in business. Attend conferences or seminars in your country, read, learn.

2. Planning. The famous business plan that we have stressed several times.

3. Careful cash flow. This is a vital issue, many businesses fail because had not adequate cash flow even though the business was very good.

Where to start?  As I said in another article, the passion is not everything, investigate, educate yourself, plan and watch your cash flow. Never forget that you are a winner and the success is inside you.

Photo via Sxc. You can read the article cited at Money CNN by clicking here on this link