Newbie-Forum » Doing market research

You have a concept for a business Darius Slayton Giants Jersey , you have written a detailed business plan, and you have submitted it to literally hundreds of banks, financiers and venture capital companies and everyone has declined any further interest.


You cannot understand why absolutely no one is interested in your business venture. After all your concept is unique and the financial statements that you have put together, as part of your business plan, shows that the proposed business venture is going to make millions of dollars.


In the mind of any financier Julian Love Giants Jersey , be it a banker, angel investor, or venture capitalist, first and foremost is the qualifications of the management of the new company. The best idea in the world will not be successful if the management is not capable of implementing it.


The first thing that a potential investor considers is the background of the proposed management.


? Do they have a history of success in implementing new businesses?


? What, within their background Oshane Ximines Giants Jersey , will provide them with the expertise to manage the money that they want us to invest?


If you and if you have any, your partners have little or no business experience, you immediately have two strikes against you and if you do not present a plausible management structure for your new business venture, you will probably have a better chance of finding the funds you require by buying lottery tickets.


Identifying weaknesses within your management capabilities is not necessarily seen as a negative. In fact, it is generally seen as a positive Deandre Baker Giants Jersey , providing you propose solutions to the weaknesses. You cannot change your background or expertise. It is what it is.


However, you can augment or supplement the management of your proposed venture in a couple of ways.


? You can add staff or proposed partners that will fulfill and provide the necessary management expertise that is lacking. This can be difficult, as listing someone that would be hired, with the details of their expertise and background, should funding be arranged Dexter Lawrence Giants Jersey , requires that the individual literally be on stand-by for what could be an extended period of time.


? You can list a group of credible advisors or create an advisory board, who believe in you and the business concept and who will provide their expertise to you, at least during the initial start-up phase of the new venture. As an example, if you or your partners do not have any financial experience and the company cannot afford or it is not rational to have an experienced CFO on day one, you might list as an advisor a senior partner of one of the major accounting firms.


A paragraph outlining the management capabilities or proposed management of the new venture should always be included in the ?Executive Summary? of the business plan.


In summary Daniel Jones Giants Jersey , you are asking people to give you money. People you don't know and don't know you. To be successful in obtaining that financing, you must convince people that their investment is reasonably safe, will be utilized in the best methods possible to achieve the goals of the proposed venture and will not be squandered.


Planning Ahead in Your Home Based Business Home Business Articles | October 8, 2005

When things are going well, planning ahead in your home based business for any difficulties is not necessarily what you really want to think about when you are riding high. However Dalvin Tomlinson Giants Jersey , planning ahead in your home based business is exactly what you should do at these high points. After all, you never know what is coming around the corner.



By paying down credit lines and reducing balances on your home based business credit cards, you can reduce the amount of interest that you are paying out. Also, you can consider obtaining new company credit cards and transfer your balances to a card with a lower rate.


Putting money away in a CD or Mutual Fund is a great way to make smart investments with your extra money and be planning ahead in your home based business. You can even pre-pay your insurance premiums so that they will not be a difficulty in the leaner times. Also, your insurance company may offer some discounts for pre-payments.


Something else you can do when planning ahead in your home based business is to take note on other ways to save like stocking up on stamps or your best selling products when you can take advantage of large quantity discounts. Just remember that you should make sure you have enough storage space for anything you order.


When things are going well Evan Engram Giants Jersey , planning ahead in your home based business could involve doing any maintenance on your equipment. Waiting until your equipment breaks can be a disaster, so use the boom to get preventive service done. You can also be planning ahead in your home based business by purchasing expensive office supplies in this time.


Doing market research or product testing is perfect when you are planning ahead in your home based business, for it offers you a chance to strategize to minimize the chance of potential downturns. You could also develop a customer or employee appreciation program while you are planning ahead in your home based business.


Finally, you can take this time while you are planning ahead in your home based business to test direct mail pieces. Many home based business owners use direct mail to boost business, and take advantage of the extra profit to test new direct mail strategies.


Read the rest of the article here: Planning Ahead in Your Home Based Business.


Download the Home Based Business Manual (Free $97 Value!) and receive valuable tips Saquon Barkley Giants Jersey , strategies and techniques designed to grow a very successful Home Base. Cheap Jerseys China Cheap Jerseys China Cheap Jerseys China Cheap Jerseys From China Cheap Jerseys Online Cheap Wholesale College Jerseys Wholesale Jerseys China Wholesale NHL Jerseys Wholesale NBA Jerseys Wholesale Jerseys From China