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equsion

posts: 4

Feb 20, 2009 1:03 PM ET Quote Report Abuse

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I wanted to start this thread to help people find funding for new business ideas. My company specializes in just that. I wanted to know what some of the issues people were having with finding funding. Are you of you just getting rejected by the banks or is it a matter of you need a better buisness plan? What is the main obstical in todays market?

-------------------------

Kevin Heimlich
Equsion
(949)-429-0175
Kheimlich@equsion.com

mfackrell

posts: 227

Feb 21, 2009 10:35 AM ET Quote Report Abuse

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I read these posts and continually see the same problem.

People who have no money want others to give them money to start a business.

There seems to be an overriding tendancy for people want something yet provide nothing in return.

I think what we need is a little common sense.

robertj

posts: 1458

Feb 21, 2009 11:00 AM ET Quote Report Abuse

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Acquiring Capital for a business isn`t "easy" - but it isn`t rocket science nor brain surgery either.

We beleive that almost anyone can acquire capital, but virtually everyone needs:

A Plan (not a business plan)
Preparation
A Process
Persistence

While there is are many details in each of these areas - many of the folks we see have skipped to number 4 because they beleive that the idea is so valuable that all they have to do is "find the right investor" .

-------------------------

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

mfackrell

posts: 227

Feb 21, 2009 11:10 AM ET Quote Report Abuse

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having a little money of your own, or something else of value also helps.

robertj

posts: 1458

Feb 21, 2009 11:59 AM ET Quote Report Abuse

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Certainly having some assets makes things a bit simpler. Cash is, of course, the most liquid, flexible and definable asset. There are others that can & will make the situation more attractive to capital sources. For example - customers.

On the other hand, I`ve observed many an entrepreneur who because they used their own money and had a lot of it - never developed the disciplines which are critical to creating a successful (profitable) company.

mfackrell

posts: 227

Feb 21, 2009 12:33 PM ET Quote Report Abuse

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I have nothing against seeking investment help, that is a basic tenet of our capitalist system.

The problem I see is all of these people who have nothing of value and want someone else to fund their business.

I would think that a legitimate investor would have very little interest in being involved in an investment where the reciepient of the funds has no "skin in the game".

Seems more like a gamble than an investment.

robertj

posts: 1458

Feb 21, 2009 12:49 PM ET Quote Report Abuse

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The professional investor, who really understands the entrepreneurial side, seeks a balance somewhere between:

1. The entrepreneur has nothing invested, is thus not committed and can "walk away when things get tough.

and

2. The entrepreneur is in so deep that their personal finances will be a distraction and not allow them to fully focus on the business or worse cause them to seek other means of generating income.

mfackrell

posts: 227

Feb 21, 2009 1:01 PM ET Quote Report Abuse

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Well stated.

Balance in business, as with all things in life, is the key to success.

robertj

posts: 1458

Feb 21, 2009 1:16 PM ET Quote Report Abuse

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Thanks.

Balance in life - so "simple" in concept, yet challenging in execution!

mfackrell

posts: 227

Feb 21, 2009 2:46 PM ET Quote Report Abuse

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As with everything else, we can only strive for perfection.

The process though is frequently as important as the end.

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