April 2015
Beginner
600 pages
16h 22m
English
Content preview from Starting a Business All-In-One For Dummies
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Chapter 2
Finding the Funding
In This Chapter
- Making a money plan
- Using your own money first
- Looking for an angel this side of heaven
- Using venture capital
- Selling stock through an IPO and finding other sources of capital
- Protecting your business plan
Two common attitudes about startup funds make the search for funds much more difficult. They are
- The more money I get, the better. I can use as much as I can get.
- My business plan numbers are just estimates — the investor will tell me what I need.
If you're thinking like this, stop right now. First of all, why seek more investment money than you absolutely need? Every bit of capital invested in your business costs you some equity (ownership) in your company. Besides, having too much money may lead you to make poor decisions because you don't think as carefully as you should about how you spend that money.
Secondly, although it's true that your business plan financials are estimates, they had better be good estimates based on your research. Your investor may discount your estimate of rapid sales growth, but he or she wants to know that you've carefully considered all of your numbers and that they make sense.
In this chapter, you see how to raise capital for your business the smart way — and you start with a plan.
Starting with a Plan
Before you talk to anyone — even your grandmother — about money, have a plan in place, a set of strategies for targeting the right amount of money from the right sources. Here are some guidelines for ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.