Congratulations, you've just started your new business! And as daunting of a task it may have seemed to get your business off of the ground, the hard part isn't over yet. In fact, it's never over at least until you retire.
Hi Scott, Just a couple of questions about business financing. I have set up a new business,understandably things are a little quiet at the moment but the jobs we are doing even though they are few and far between are high profit. We have very little working capital at the moment and are wondering if we can drum up some business funding even though we are in that position.
Hi Scott: I read your article in EntreprenuerNewz and was wondering about a few things... We have a small company that started about a year ago. We released our service about a month ago and have had great response and signups for the amount of advertising that we have done (very very little).
Question has come up for us wether it would be wise to get some venture capital to help increase the growth rate of our business.
Hi Scott: I'm working on a business plan for a consulting business. Could you please provide tips on how to market such a business?
By far, the most common question we receive at BizPro is a simple "How do I get my business started?" or "How do I get money for my business?" While these seem to be the most basic, obvious questions anyone could ask, you'd be surprised just how many people forget to. The answer is quite simple: prove, beyond a doubt, to anyone with sufficient cash that your idea/company model will function, survive, and profit. That's it! Maybe the simplicity and vagueness of the answer is what drives many entrepreneurs to loose sight of that most important part of planning a new business; how will it get started? In order to successfully communicate your proof to any lender or investor, it would help to understand what they consider to be valid "proof". While the possibilities here are virtually endless, there are at least five main items any lender is sure to evaluate. Be sure they're in your plan!
Some of the simplest and seemingly "dumbest" questions are usually the most important. If you have a question about writing your business plan, or securing financing, send it in and Scott will answer it personally.
