Mike,

Also, I suggest avoiding the word "give".

When you bring in capital by selling equity -you aren't giving it to them. It's an exchange. Hopefully of equal value (their cash for your equity)

So when you approach business people, I'd propose an exchange where they receive value in return. Maybe advertising or more prospects, etc.

 

Robert Johnson

Robert,

Maybe the word should be create,,,  I said nothing about selling capital  at least I don't think i did. 

 I asked  "Why should I?"  but I had no intentions of doing so,

No disrespect to you Robert  because  everybody does it, I do also at times. ( which is a type of brain storming that I have also developed that I also have never seen or read about but that is for another day).  We read something or listen to someone and our minds start to develop a preconceived notion of what we are hearing or reading,  we don't pay attention to the detail enough, we create a preconceived notion of that what is meant by the words we read or hear and we walk away thinking we know what is going on.

Take a post I made a few months ago, I started out saying I want to develop a network and I received a few replies indicating interest and later I indicated what I wanted the network for  stating that I had the marketing plans  with the ability to successfully market any viable product or service within any industrialized nation,  and I had one person reply after that.  

Why??  When someone comes up and states that they can make your business successful and they could guarantee it does that turn people off.  How  ?? Why??  Isnt this what we all want?  Is the promise too big and unrealiatic?  Maybe it just wasn't understood.

Isnt that what Donald Trump said in his book,   "Think  Big"  most people don't think  big enough.

I need to go and contribute to my  50 hour work week  for the man and need to leave,  I am just finishing my elevator pitch  and will present it to those who did indicate interest before and yes will probably post it for those  new people in the forum.

Thank you all for your ear.

Mike

Mike,

I'm sure you are clear on what you are wanting to do and I wish you all the best with that.

I stand by my original suggestion.

Robert Johnson

The financial institutions prefer to approve a line-of-credit for a business that is open for a minimum of two years. It may be an idea to operate your busines for two years on a low overhead and shoestring marketing, or open your business (by filing the structure type etc.) two years in advance thereby qualifying for a line-of-credit when you are launching the enterprise.
Something to think about.

Malka B.

The company that my brother and I are in the process of launching is taking a few approaches.

We developed our first invention with personal funds (bootstrapping) and some help from family.

We used factoring to get an advance on royalties from our manufacturer to pay mounting attorney fees for our first invention.

We are about to intiate a carefully planned Regulation D private investment offer to Family, Friends, and Associates which will raise capital by selling 20% of our company, JE Design Group, LLC. To bring further value for our investors, we are including revenues from our first invention.

So the pieces are nearly in place and our current plans have the offer ready for the first quarter of 2007.

If anyone has any questions about what we did to get this far, I'd be happy to share our experience!

~Eric

Financing for women in Canadian businesses has always been a long and winding road of paperwork and phone calls leading nowhere. Until now! With the invention of the Internet and more government support, Canadian women are now able to find more and more resources to seek financial aid in starting up their own businesses like a virtual assistant business.

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Other Canadian resources for funding worth mentioning are:

The Business Gateway website lists many avenues for financing through their website.

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Women Entrepreneurs of Saskatchewan Inc. (W.E.) is a non-profit membership organization that works with women who are considering a career in business, starting a business, or operating an existing business.

The Women's Enterprise Centre of Manitoba also has a resourceful website.

Allan Rock, Minister of Industry, announced the Government of Canada's intent to create business centres in Ontario and Quebec that will help women entrepreneurs start, operate, and grow their own businesses.

Live on the eastern side of Canada? Check out this government resource for women and financing.

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