Yesterday, I posted an article on how to use cheap technology to your advantage in starting a business. Thankfully, in today’s world, it is realistic to pursue your goals in starting your own company without too much early investment.
If you attend any business school or program, they will tell you to go to your friends and family to get the necessary funding to at least start off. A few may even tell you to put it on a credit card (or several cards for that matter). I advise you to be wary if they suggest this last option! I highly discourage putting start up costs on a credit card. Some people can pull it off, but many others can’t. I have heard of companies that sold a share of the business to members of their family, and then they quickly repaid them. That could work in some cases.
It is important to consider an angel investor. Typically, they will write you a check (provided they have an equity stake in your company), if they believe in your concept. Getting them to write you a check is the difficult thing. Usually angels congregate in some sort of an organization. Around my area, there is a network of them in Pittsburgh, Pennsylvania. You then present in front of an individual or group in a formal setting or possibly over dinner. Depending on how well you pull that off, you get funded.
I will be outlining presentation steps in an upcoming article, so stay tuned. Personally, it was one of the harder tasks for me to conquer so I may take a few posts to outline it thoroughly. One thing to keep in mind, it is not what you say or even how you say it, it’s your presence and attitude toward what you are presenting. More to come though!
If you do have an immediate need to present, send me an email and I will be more than glad to help you through it!
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Nice blog, just looking around some blogs, seems a pretty nice platform you are using. I’m currently using WordPress for a few of my sites but looking to change one of them over to a platform similar to yours as a trial run. Anything in particular you would recommend about it?