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I have just completed my business plan for my start up. It is a luxury lifestyle management company. We specialize in designing, enhancing and maintaining the lives of affluent individuals. This will be a global company with multiple locations worldwide. Because this business is in the lifestyle/leisure industry, will it be more difficult when seeking investors? I have already started researching possible angel investors. Currently, we are seeking $400,000 to start up and an additional $600,000 for working capital for 2010. I am seeking advice on where i can get funding for this type of business. Thanks,

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Dcchic,

I'd need more information before I could offer a specific answer to your question - but in general, it's more challenging to acquire capital for a service business, which I infer yours will be.

I'd also add that we've determined that the "how" is a bigger factor to successfully acquiring capital than the where - which is often clarified duriong the "how' preparation stage. The first stage in a successful capital acquisition is to determine your (not someone elses) optimium capital strategy.

Finally, a well planned and structured opportunity that is supported with the "right" resources can almost always acquire the needed capital.

If you'd like to discuss the specifics of your situation, feel free to contact me directly or send me a PM.

 

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You should find some key clients and the investors will become interested after reading a press release about your famous clients.

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Scale it back.  If you don't have the funds in your pocket or investors already lined up - scale it back.  Start doing this in a large city.  Get some success - then expand out into other cities.  Get more success.  Then expand out nationwide.  Get more success - then expand internationally.

Very hard to get the funds you request unless you already know someone.  But, if you can prove you concept works and that you are willing to do what it takes to succeed - then more funders (investors and lenders) will line up at your door.

Think baby steps - especially if you don't already have the funding in place.

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