Bootstrap it or seek investors? Blog or Forums?

in Forum: Growth Funding

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Jun. 07 2008 at 11:44 AM
Posted by: robertj “Quote Reply
Funding your growth through loans (debt funding) is cheaper in the long run and allows you to keep all of the equity. If you and or the business is not able to borrow the $500K - then you should consider a strategy that involves the sale of a security. As mentioned in a previous post - the decision shouldn't be made lightly. It is, however, quite possible to acquire $500K with a securities approach. 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
Jun. 07 2008 at 1:54 PM
Posted by: RobAdams4CEOSpace “Quote Reply
So, in it all...The two positions that must be considered: 1)With debt loans you generally need collateral and the debt is YOURS. You are taking the biggest risk here. This is why you can maintain total control and receive the rewards. 2) With setting up an S Corp or C Corp and selling shares, your share holders assume the risk. This is why they expect to be paid back with a handsome return. Here is where you use other people's money to grow your business. Done properly, you can still maintain control of your business. You are just going to share a bigger portion of the profits with those who support your company. Rob Adams CEO Space Northeast Regional Director www.ceospace.net www.ceospace.biz www.ceospacenortheast.com 302-698-1709
Jul. 23 2008 at 8:45 PM
Posted by: mtrades “Quote Reply
If outside funding can help your company get to revenue stage faster, definitelly use outside funding. Revenue sharing is what I like when it comes to structuring an investment so that you don't have to worry about fixed loan payments if you are not making money. Try some angel investors or venture capital groups. I'd suggest some investor networking sites like www.GoBig.com and www.BreadStreet.com .
Jul. 23 2008 at 9:53 PM
Posted by: Soldu2 “Quote Reply
Hi! I looked over your site and if you don't mind my asking, I have a couple of questions. What would you do with the 400-500k to advance your current business model? Where would you allocate the majority?
Oct. 11 2008 at 2:11 AM
Posted by: PeteCarr “Quote Reply
I know I'm jumping in late on this, but there is still part of her question unanswered, and it may help others. To offer a Blog or Forum. Blogs are articles, with comment capabilities. Forums are threaded conversations, beginning with a topic (like this one). As one who operates both a blog and several forums, the blog is much easier to manage as far as time spent per day. Both the blog and forums attract a lot of "forum spammers", robotic programs that invade, posting links to primarily porn and scam sites. If a forum is set so that anyone can post without first registering, then expect to spend all your waking hours deleting posts and users. On the other hand, if a forum is set so that only registered users can post, a lot of users will be turned off and not post at all. The administrator area of most popular blogs, such as Wordpress, are designed with a simple one page comment moderation tool. Forums must be gone through topic by topic, searching out inappropriate postings. It has come to the point in the forum world that forum owners are turning to professional moderators, rather than attempting to manage on their own. When I'm approached by a prospective client asking about our forum moderation services and wishing to start a forum or blog, I first determine which will best suit their needs. In most cases, I advise that a blog works much better than a forum, unless the client would be better served by a forum. Pete Carr Chatmag.com
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