Finance For Startups
One of the biggest constraints that a business start-up faces is getting the money together to start the business.
I have mixed views on this subject.
I fully understand that some cash is needed to start a business. Some things are essential (including good advice).
However I also think there are dangers about having too much cash available at the start because it can be so easily wasted.
You’ll find that it is much easier to spend money with persuasive suppliers than it is to persuade reluctant potential customers to give you their money.
I was interested to hear about the launch of GXG Markets UK this morning which I thought was a great example of finding and filling a gap in a market. What is GXG Markets UK? GXG Markets offer a three tier London based equity market for small and medium sized businesses. GXG Regulated Market GXG […]
If you think about going down the venture capital route for funds for your young business, I recommend you read this blog post from Fred Wilson of Union Square Investments. Why Early Stage Venture Investments Fail It’s always good to understand the situation from the other side since it makes their demands seem more reasonable. […]
When I was researching how businesses change or pivot their business plans, I found this presentation about Venture Capital and when you need it and when you don’t by Union Square Ventures in New York. Venture Capital Presentation Since I have no control over whether it disappears from scribd, I want to pull out a […]
I’m often approached by start-up entrepreneurs and asked to write their business plan. I won’t do it. I think it’s a rotten idea. So does Dragons Den entrepreneur Duncan Bannatyne.
One of the most powerful things you can do when negotiating is to see things from the other person’s perspective. To find out why banks don’t finance business startups I want you to put yourself in the bank manager’s shoes when he meets an eager entrepreneur looking for cash to finance the great (ad)venture.
Have you ever seen the TV programme Dragons’ Den where entrepreneurs and inventors pitch for real money from multi-millionaire investors? The Dragons only have a short time to decide if they are going to invest based on whether they think the business that is being pitched to them will succeed or fail. How do they […]