Paul Lonergan
New member
- Apr 6, 2012
- 50
- 0
A noble start there ...
If you want dollars and cents, then you have to talk about it specifically.
If i was investing id need to know what your services are, what are you charging for your services? The cost of running your operation, building lease, products, utilities, advertising, insurance, wages etc.
Ring companies up ... Ask for estimates & plot it on a mock profit & loss sheet.
How do you plan to gain a 30% market share? What is your strategy?
Do you have any existing customers you can bring to this new start up?
Perhaps you can procure a signed contract with one of the local car yards / real estate groups?
Don't be afraid to be 'real'. Investors aren't idiots, they know business isn't all roses and perfume ... You will have to be proactive and show how you plan to tackle the cooler winter months. Perhaps you will make a loss in this time? That's ok! Don't BS about what could be a reality.
This all helps cement your position as a safe bet.
Above all show your passion and how much you love what you do.
If you can display market knowledge, leadership skills, good business values, be fun & integral - then you will win people's respect and possibly their money.
I hope this has created some thoughts racing through your mind ...
Sent from my iPhone using AG Online
If you want dollars and cents, then you have to talk about it specifically.
If i was investing id need to know what your services are, what are you charging for your services? The cost of running your operation, building lease, products, utilities, advertising, insurance, wages etc.
Ring companies up ... Ask for estimates & plot it on a mock profit & loss sheet.
How do you plan to gain a 30% market share? What is your strategy?
Do you have any existing customers you can bring to this new start up?
Perhaps you can procure a signed contract with one of the local car yards / real estate groups?
Don't be afraid to be 'real'. Investors aren't idiots, they know business isn't all roses and perfume ... You will have to be proactive and show how you plan to tackle the cooler winter months. Perhaps you will make a loss in this time? That's ok! Don't BS about what could be a reality.
This all helps cement your position as a safe bet.
Above all show your passion and how much you love what you do.
If you can display market knowledge, leadership skills, good business values, be fun & integral - then you will win people's respect and possibly their money.
I hope this has created some thoughts racing through your mind ...
Sent from my iPhone using AG Online