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7 Replies Last post: Oct 19, 2007 6:21 PM by Cross1

Is their such thing as someone interested in your business idea that they will help you finance it?

Oct 18, 2007 9:20 PM

Cross1 5 posts since
Oct 10, 2007

Hi Everyone!

This is my first time posting anything so I hope I get responses from the experts..., I am 22 years old and I am interested in opening up a business and wanted to know with some of my own investment and a little help from someone is their such thing as someone interested in your buisness idea that they would be willing to help you out financially?

Tags: start, up, buisness Report as inappropriate

Techie 46 posts since
Jul 29, 2007

1. Re: Is their such thing as someone interested in your business idea that they will help you finance it? Oct 18, 2007 9:28 PM

If you have a good (and profitable) business idea and plan, you maybe able to attract investors. They will provide funding to your company but in exchange, will expect a $$$ return. It may come in the form of equity (part ownership) of the company. Investors are more likely to invest when the business owner/founder has used their own money/personal savings to fund it, because it shows commitment. So, it's great that you plan on using your own money to invest. Loans are another option as well. With a loan there's interest that you pay back.

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Cross1 5 posts since
Oct 10, 2007

2. Re: Is their such thing as someone interested in your business idea that they will help you finance it? Oct 18, 2007 9:42 PM

in response to: Techie

Thanks for the reply, how do I find such companies or someone?

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Techie 46 posts since
Jul 29, 2007

3. Re: Is their such thing as someone interested in your business idea that they will help you finance it? Oct 18, 2007 9:51 PM

in response to: Cross1

Before you start searching for investors - have you developed a business plan? This is generally required when you are seeking funding from investors. A business plan contains information about your product/service; why it is unique; evaluates competition; identifies risks; contains pricing information; management/operational team; and financial projections - including the time horizon of when you will break even. Alternatively, if you seek help from family or friends, maybe they will not ask for a business plan, however will probably still ask a lot of questions about your business idea and operational plan, etc. There are investment companies that specialize in funding particular industries (e.g. bio tech) or you may find angel investors that maybe more broad based (e.g. wealthy individuals). Or you can always try and get a business loan from your local bank. Good luck!

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Cross1 5 posts since
Oct 10, 2007

4. Re: Is their such thing as someone interested in your business idea that they will help you finance it? Oct 18, 2007 9:55 PM

in response to: Techie

I have not put it together, but I have many ideas that I want to put into it. I guess when the plan is finish is when I will start to look more into it. I just wanted to get my toes wet and ask the question.

Thanks for your help.

Are you an investor of such?

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Cross1 5 posts since
Oct 10, 2007

5. Re: Is their such thing as someone interested in your business idea that they will help you finance it? Oct 18, 2007 9:58 PM

in response to: Cross1

also, how would I know that they won't steel my idea? I have heard of many stories of this happening

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LUCKIEST 7,933 posts since
Aug 6, 2007

6. Re: Is their such thing as someone interested in your business idea that they will help you finance it? Oct 19, 2007 7:57 AM

SCORE is in the business of helping others go into business.
Visit SCORE on line or contact SCORE in your community. It is FREE.
Starting and managing a business takes motivation, desire and talent. I am guessing
you have that. It also takes research and planning.
To increase your chances of success, write a BUSINESS and MARKETING PLAN.
SCORE has a Virtual Learning Center at "www.score.org" with 26 on line courses
and they will give you all the help you need to succeed.
Good luck, LUCKIEST

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Cross1 5 posts since
Oct 10, 2007

7. Re: Is their such thing as someone interested in your business idea that they will help you finance it? Oct 19, 2007 6:21 PM

in response to: LUCKIEST

thanks, for your help!

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ForumsFinancing Tips

This Question is Answered

Is their such thing as someone interested in your business idea that they will help you finance it?

Oct 18, 2007 9:20 PM

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