Finding Investors for New Business
Finding investors for a new business begins by drawing up a thorough business plans to show potential investors, which might include the local bank, the federal government or the local Small Business Association. Find investors for a new business with information from a portfolio manager in this free video on business strategies.
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Are you considering starting your own business and starting to wonder how you would finance it? Hi this is Roger Groh at Groh Asset Management. Well, there's no one magical way but step number one would be write a business plan and tell people what you intend to do including financials. Once you have that, go and hit your friends and family up, they'll probably say no, but go ahead and do it anyway. You may also want to approach your local bank and borrow the money in order to start a company. You may want to approach the federal government, the Small Business Association or the city in which you operate and ask if they have any funding programs for your type of company. You may want to approach the venture capitalists and ask them to do it. Last, there are plenty of websites that exist. Put your name on one of those websites and say I'm looking for money and you'd be surprised about the number of investors that will come back to you requesting copies of your business plan. None of those will work necessarily on their own. My suggestion would be to do them all because in today's environment it's very difficult to raise initial capital and you better not put all your eggs in one basket. Hope that helps, I'm Roger Groh at Groh Asset, thank you very much for spending time with me.