Hi Teah
I just have a small question
If you decided your best course of action is to sell online what do you plan to do with a large amount of money? how will you put it to good use?

Jmes

Hi Thea,

Getting to the bottom of your question isn’t as difficult as you may think.

First of all, I think Robert is right to suggest that you do a risk/reward analysis to determine how your business could benefit from additional funds. Second, you need to zero in on the amount of financing you require because this also determines what funding sources will work with you. Finally, make a list of how you would use the money.

Most investors will limit investments to companies with great management and proven business models to help them grow faster. So, with other words if you need money to (i) buy inventory in bulk at discounted rates, (ii) open up new sales and distribution channels, and perhaps (ii) move into a larger facility, pursuing outside financing may make sense for you.

If your strategic business objectives are more modest, you might be better off bootstrapping your business and using a personal loan to fund further growth. Equity financing is after all the most expensive form of financing there is.

I hope this helps.


Mark

Hi Teah,

i also wanted to start my own business. I searched in the net and find www.founderlab.com. This site contains an embed video recorder. You can record your business plan or idea. This video goes to an VC (Centralway) and he will respond online via your businessplan account. It is really simple and you do not need to contact a VC personally. I made good experience with that.

Greetings
Mike

According to their site - Centralway is a Swiss company and invests primarily in web based startups.