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Funding 101 for Entrepreneurs Part 1
Hi, Greg Nichols here! Our goal is to get you fund-able by training and teaching you ideas and techniques to ramp up your offer so it is extremely desirable. It can take anywhere from 1-6 months to get you funded. An investor may have to see your offer 3-4 times before they bite, or they may jump on it the first time.
You need your project packaged properly, and it needs to be a calculated, well planned and deliberate release into the investor system! We want you to see a set of principles that will help you get some insights.
1st Principle: It can be easier to get more money than less. We have had business owners who needed $50,000 but got no offers until they asked for $100,000. Make sure you are asking for enough money right here at the start.
Most people who need funding are one of the following:
Business Start Up
Business Expansion
Inventor
Film-maker
Software Developer
Green Project
Real Estate Development
Special Projects
After you read all pages through, come back to this step below:
1st Step:
Write a one-half to full page synopsis of it! Include how much money you are looking for. This synopsis which is also called a Concept Paper or an Executive Summary, will be used to show investors. Do not worry too much about quality at this point, this may be just a first draft. After you do this, go on to the next page!
