February 10, 2012

How to sell my business idea and get money for my project, learn to sell your idea

If you have a business idea you should to learn how to sell it to potential investors.

Forbes give us some advices about how to sell a business idea. On summary with some comments:

1. Avoid calculation mistakes in your presentation. If you make a projection of profits, be very careful in your mathematics calculation.

2. Do not use overloaded power points. On this point there are several books that even advised not to use power points that distract your audience. You need that your audience to be focused on you and the business idea that you are selling. In any case if you use Power Point follow regulation 6 of 6 (no more than 6 items per slide and no more than 6 words per item).

3. Never turn your back to your audience. If you need to see your Power Point slide do it for 1, 2 or 3 seconds or less. Use the rule “touch, turn and talk”, ie touch the slide, Turn around and keep talking.

4. Do not speak about details of your business if it is not intended to show the money.

5. You must have a good closing. Perhaps comments from the attendees can be an appropriate closure or perhaps the presentation of what other customers say.

6. Anticipate the objections your audience. You have to anticipate which questions will be your audience and answer them in your presentation.

7. Do not give multiple messages. The message should be toward one goal, one should not confuse the audience with perhaps other projects. Now selling exclusively your business idea and nothing more.

8. Know the audience. You have to know to whom you speak, the message is different if you talk to a banker if you talk to an investor who is perhaps another entrepreneur like you.

9. Do not ignore the risks of the business. You have to treat these risks, not doing so is to insult the intelligence of your listeners.

Luck and jump know to sell your business idea.

You can read the full article at Forbes website by clicking here in this link

3 factors or keys that you should know to be successful in business

Any business is a risk and you will be suspicious of anyone that tell you that have a secret and magic formula for make money to become in millionaire on few days.

Some times the business fail for a lack of preparation and not because the business idea was bad.

There are many factors and keys for business success, here three of them:

1.  A good idea.

2. A good business plan.

3. The will to bring it forward and be a winner.

The 3 factors are necessary for success, but the third is that often fails, you must be passionate in your project business and believe in it. You should never think it will fail, as I said above always there are risks but you should foreseen them in your business plan.

Do not be intimidated by the fact that you maybe you do not have an MBA, an MA or a PhD, most people who have been successful in business have not had these studies. What if you have to do is work hard and be consistent, to have faith in yourself.

Often one’s family is the fiercest criticism of an entrepreneur, wife or husband or parents begin to say “why waste your time doing that”, “please to study it,” “seeks a job,” “you to lose all the money from our savings. “

What you should do is stick to a plan for success, being a winner in business is difficult but not impossible.