Forums: Discussions for entrepreneurs and small business.

I am a startup and I am looking for additional funding-would love to know more about your business.

Jill

Hey Jill - just email me and I`ll be happy to answer any questions you have.  We`re easy.

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http://www.goBIGnetwork.com

Jill I joined GoBigNetwork in 2007 and got multiple genuine hits to fund my project, but found that I was  not as prepared as I thought I was. My business plan was not ready and joining prematurely just cost me excess money. The website keeps deducting fees until you stop it.

Overall I recommend it, but it may take many months to get sufficient hits. May I also suggest that real estate is a bit shakey at the moment ?

To get the attention of investors you really need a sure bet like buyers lined up to take your development off your hands before you turn the first sod of earth. Good luck Jill. If you were in the right climate I would suggest dairy farming has greater rewards than real estate. Particularly if you went to Uraguay or  Chile and developed a farm there., but for mosty of us mortals we want a business to develop where we live.

Sorry Corrine, I called you Jill because Will Schroter did above my post.

I have a friend and mentor here in New Zealand who is a property developer. My advice above is based in part on what he tells me. Find the buyer before you start to build.

My suggestion from my own efforts to create an airline is find a market first. Is there a demand, or are there similar resorts which don`t quite satisfy demand ?

Figure out how to do it better than any rival. can. Call it the WOW factor. The X factor. What makes your project more sexy, more appealing and more viable than all the others ?

Creating a great  business venture is a lot like  going out on the town to find a hot  date. You have to make yourself the best catch out there.

Create a business plan that makes the financiers compete for your attention.

You need to understand everything there is to know about similar resorts in similar niche markets and that may require going to work for your biggest rival to learn what makes them tick and where they get their clientele.

If you owned the land in a brilliant location first, then you could go to a resort chain with your plan and say how about it ?

You`d need a really attractive plan and compelling arguments about why your site is superior. What is in it for the people who will buy you resort.

Have you considered creating time share apartments, so that you create the project and then offer it as an investment to a lot of small investors ?

Time share apartments work like this. You propose say a  resort with 30 apartments. You offer to sell each apartment in the resort on an individual title. The buyer can opt to live there year round, or they can lease it back to the resort for part of the year when they don`t need it.

Some will want to stay all summer, whilst others may just want to visit for a few weeks per year. Into the purchase cost of every apartment work into your costing the price for building an empty one beside it.

That way a bunch of small stake holders get involved in funding your dream.    
 

Probably against better knowledge our firm recently signed up as an investor on the GoBigNetwork. Pretty much right after we signed up, our lines got hammered with unsolicited phone calls from telemarketers, we saw a large increase in spam, and the messages/proposals we received were either scams or clearly not worth our while.

I sent them a message and asked that our profile be deleted – I’m still waiting!

It’s just another example that these matchmaking sites don’t deliver what they promise.


Mark



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Jackson Steiner
http://www.JacksonSteiner.com

Advanced Document Design for entrepreneurs, intermediaries, and the financial services industry.
http://www.Publications.FastVentures.com

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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

when you say Capital Ready are you refering to an investor who has money to invest in a start up company?

Actually I was referring to the capital seeker not the supplier. By Capital Ready, I mean do you have everything in place so that when the capital source "show up" - there will be no delays or stoppages and you can progress "smoothly" to a positive conclusion.

Last week, I attended a presentation  (I was invited by one of the investors) by a startup to some possible investors.Their presentation was pretty good and things seem to be flowing along - when someone asked the question "Are you all prepared to quit your day jobs and commit to this project totally - once the funds are in place"?  It was patently obvious that 2 of the the team were not prepared to do so and avoided answering the question.  Deal killer.

 

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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