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Startup Nation Members,
There are a lot of post on here, but I want to know what everyone are hearing and seeing about his or her local economy? Are we making progress? I know that bankers are still freezing cash for startups and are not loaning commercial developers. I think this topic is important, so we all can gauge and strategize for this year.
Once you start a business, how are you going to keep it going?
No progress that I can see.
I'm not getting answers from any of my emails to investment organizations.
I know this is a different time and economy. I am looking for new ideas for different approaches to this problem. Times change and newer approaches are needed to meet our needs to open our doors and keeping them open.
The capital is out there. Most sources want to put it to work so good situations can acquire the funds they need.
Those who are under prepared with incomplete teams continue to be challenged.
While new approaches may be appropriate, we find that using a "proven process' offers the highest probability of success.
I just posted about the outlook for 2010 (according to Collen Debaise of The Wall Street Journal) on my blog here http://www.preneuraholics.com/blog/ .
The capital is certainly not out there for small business.
I offer a new idea and a different approach below.
The investors are still out there and are looking for opportunities - however the deals that are being struck are often oriented towards the investors - it is currently a buyers market. Being overly prepared and having multiple investors in discussion are two key ways to strike a near decent deal. Don't quite or give up...if you can start and grow a business now - it will be a cake walk when the economy improves!
Andrew
http://www.TheFundingGuru.com
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