Finding Money For Your Business

Listened to an informative teleseminar this morning about finding capital for a new or existing business, given by Diane Kennedy and Greg George. A few items of note include that “angels” or “venture capitalists” invest in people more than in business plans, so make sure you have a powerful management team. Also, when presenting your business to potential investors, here are some great tips: 1) Create a 1-sentence mission statement about your business (who you are, what you do, who you do it for, and why you’re unique); 2) Generate a 2-page Executive Summary of the business plan; 3) Create a 10-slide Power-Point presentation, devoting 1 minute per slide, remembering that pictures create a stronger impact than words. Very interesting!

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