ForumsFinancing Tips

Advice needed, Welcome to this web site.

The first item an investor will want to see is a Business Plan

Where are you located??, like city and state?? What are your backgrounds??
How did you pick this franchise??
The best advice I can give you is SCORE. Do you know about SCORE??
SCORE is FREE.

Good luck, LUCKIEST

advice needed, Thanks for answering. It is great that you have the business plan

Since your husband is a realtor / mortgage broker, he should be aware of interest rates and terms.
Do you have a Lawyer??
i still like the idea of visiting SCORE in person or online. If you write to a SCORE expert
(and you can pick who you write to, and the topic) they will answer you within 48 hours.

Again Good luck, LUCKIEST

Every investor is different, so the terms of deals that emerge can vary dramatically. Since you have a business plan, your next step is to present it to investors. If the plan is solid and grabs someone's interest, he or she will propose a deal and you'll negotiate terms from there. In other words, you're pitching yourself and your proposed business -- the terms evolve later.

A good deal is one that gets you what you want ($170K and a chance to run your own business) and gets the investor what he/she wants (a better return on that $170K than is available elsewhere). Keep that dynamic in mind, by the way -- you say that you don't want to "give away" your business or hard work . . . well, the investor doesn't want to "give away" money. Since the investor knows exactly what his/her cash is worth, and the value of you and your business is speculative, he/she gets to call most of the shots in a seed funding arrangement.

The better you present yourself and your plan, the less speculative you become -- and the less you'll ultimately have to put on the table. So be sure to make your pitch and your plan as strong as possible.

Welcome to the community and good luck!