Posted by – August 29, 2011
Finding an investor might sound simple, but it isn’t. There are a series of different strategies and the chances are you’ll need to put them all into action. Just remember that if your business idea is good, they’ll need you as much as you need them. Pitch your business well and you’ll be in a commanding position.
Know Your Plan
Before you start pitching your business and finding an investor, you need to know what you’re looking for. There is a typical angel investor and you should aim your search for the following points.
Income: Exceeds $100,000 Read the rest of this article
Posted by – August 26, 2011
Pitching your business can be a nerve-racking experience. We all remember the time, as children, when we had to make a presentation at school. Your hands would shake and your speech sounded wrong, all this, in front of a room full of people. Though years have passed, your body still acts the same. The only difference now is that you’re pitching your business to potential investors and have the future of your business in their hands. Read the rest of this article
Posted by – August 25, 2011
Image courtesy of alexindigo
Working out how to find an investor in Toronto can be a tricky business. You look online and only see broad articles that don’t explain the ins and outs of the city. And when you look closer the articles lead you back to where you started. So what’s the best approach?
It’s Not What You Know, It’s Who You Know
The first thing to do when working out how to find an investor in Toronto, is speaking to contacts. Though it may seem like an outside bet, you’ll be surprised with who knows who, and if they’re local, you’ll have more of a chance in finding your investor. Ask anyone you know to send out the message that you’re looking, and then start with the next steps.
Some people don’t have contacts, so try networking. There are a wide number of websites for potential small business owners, so try online, then in local publications. Enterprise Toronto is a great place to start, and they will also have links to sites that might come in handy. Read the rest of this article
Posted by – August 24, 2011
One of the newest ways to gain funding for your small business is to try a video investment pitch online. But despite Youtube growing in size every day, not many outlets offer this form of exposure. So why bother with this source of investment pitch?
The Modern World
Image courtesy of Hans Pama
On TV there is a program called the Dragons Den, where entrepreneurs pitch their business to investors, and hope to gain funding. It gives them national coverage, and though some ideas are rubbish, others get the money they need and help the company move onto bigger and better things. Read the rest of this article
Posted by – August 18, 2011
A federal program has promised that small businesses in Florida will have more access to funding. This comes after years of tight business loans and conservative company managers. The change will help many with long waited expansion.
For more on this news visit the Capitol News Service.
Posted by – August 11, 2011
As you start up your new business it’s important to get a grasp on your status. At a certain size you can expect to receive benefits and the opportunity to take advantage of these is imperative. But if you’ve been growing, what is considered a small business?
To begin with, the correct method for declaring if you’re a small business depends on a number of factors. Firstly the rules may change depending on which country you’re in. Though we will be looking into the USA standards, and many will follow a similar pattern. You’ll also need to know what industry you specialize in. Read the rest of this article
Starting an investment business can be a tricky process with several steps to lead you along the right path. Some will require large investments, while others will involve the smaller shoestring possibilities. Taking the correct steps is significant in starting off well.
- The first move is to get licensed. You have to be individually licensed to begin an investment firm, but the contract will depend on the type of investments you plan to deal with. In addition to this you will also need to acquire a series 6, or series 7 securities license. These securities tests will include exams.
- Register your company. When you have passed the necessary exams you’ll need to register your company. This process varies depending on which country you live in, so be sure to check your government website for more details.
- Raise money. At the beginning you’ll be spending more money than you expected. With license fees, offices and workers there will be a large outgoing. So be sure to make the money, or look for funding.
- Choose the product. Most companies have a market which they aim to work in. As you are starting out make sure to begin with your look into small ventures, then expand as you grow.
- Find and office and workers. As you grow you’ll need an office and workers to help with the natural progression of the investment business. Hire managers first and get them to help you with the arrangements.
- Start by being an independent contractor. This way you can use your own office using a large firm’s name. You may have to split commission but it’s a good way to gain experience without as much risk.
For more information on how to start an investment firm, contact the Winflow Financial Group.
Posted by – June 21, 2011
The proper application of technology to your small business can save you valuable time and money. If you’re looking to invest in new technology but need assistance funding your decision, it is a good idea to write a technology plan. A technology plan can be thought of as a funding proposal. Many lenders require technology funding proposals before deciding to fund a project. If you’re writing a technology plan for your small business consider the following:
- First decide if you need any outside help like a consultant or a technical assistance provider.
- Decide what your small business wants to accomplish with the introduction of new technology. Continue updating what you want to accomplish as your business grows.
- Include an executive summary that gives lenders a run-down of your technology plan.
- To set context, explain the type of small business you are and why the application of technology would help your small business.
- Explain how the introduction of new technology which help you achieve your company’s goals.
- Discuss the current technological advances you have in place and how effective they are. Assess what training staff would need to use the new technology.
- Demonstrate how you can better serve your customer’s needs with the introduction of new technologies.
- Develop a realistic budget and time line showing how you plan to use new technology to achieve business goals.
If you need help writing business plans for your company, contact the Winflow Financial Group.
Posted by – June 13, 2011
Without a secure source of financing, starting a small business can be impossible. Getting a loan from the bank can be difficult, especially for start-up businesses. To improve your odds of getting your loan application approved, pay attention to the following:
- Research different lenders. Find out how likely they are to finance start-ups and what their minimal collateral requirements are. Choosing a lender that fits yours business needs will make loan repayment easier.
- Your proposal should contain a business plan, a risk assessment and a copy of your financial history.
- Your business plan should describe your business in detail, giving the lender a clear picture of what your business is trying to accomplish.
- A risk assessment lists all the potential risks involved in running your business.
- If you don’t have a business financial history, lenders will look at your personal credit history.
- Include revenues and expenses for the past three years. If you are new business, include projected revenues and expenses.
- Ensure all of your information is correct. Providing incorrect information could result in a denied loan application so proofread your proposal after you have finished it.
For more details on writing a loan proposal, visit this Canada Business page.
If you need assistance securing funding for your small business contact the Winflow Financial Group.