Showing posts with label business loans. money for business. Show all posts
Showing posts with label business loans. money for business. Show all posts

Thursday, 8 September 2011

Angel.. you scammer... shame on you

So here we go again on  the rollercoaster ride of trying to get funding... Would you believe if I tell you that after all the warnings and dire reports, there are still a lot of apparent entrepreneurs asking for upfront fees?
In the three weeks I have done intensive searching, I have had offers from such a lot of people all asking for upfront fees...
I look at my business plan, on which I have spend hours and hours and I wonder.. is there anything in there to make people think that I am not serious about it? What could I have written in this document to make them think I am stupid enough to pay anything from $7000,00 to $ 20 000,00 before I even have a form from them?
Do they think sending a letter with big money written somewhere in it, will be enough to entice me to fork out money?
Beware!! since I had started  my business years ago ( and first encountered one of them) ... they have also developed into a very well oiled business.
The papers and the letters are so much more "professional".  They obviously have also  developed their business and streamlined it. However no matter how well developed they are, all they are and will ever be are scammers. Stealing your money... if you are gullible enough to pay them... Sad to say that  one can almost get so desperate that on will fall for anything, just in the hope of getting your plans on the way.
Do not fall for them... persevere.. You have to believe as I do that there is still good and honest people out there...
I hope so...

Tuesday, 2 August 2011

Taking time...

One thing I have realised during this last week is that no matter how big your hurry take your time to make sure that all your ducks are in the right row... Study your business plan as if you are the person who wants to lend out the money and not the desperate person on the other side of the table...
Paper is patient ( Xcell files as well)... it is so easy to make things look like roses...  think about it though... if you go for the rosy scenario... your angel might expect so much more from you... and you might soon find out that the thorns are a lot more prominent than the roses...
Be realistic... after all no matter how much you want this business plan to make sense in the end you will have to survive and pay back this money... it really has to eventually work in reality and not just on paper.
If you do get this money you are hunting for... will it actually make your life better or will it be just another fight that you will have to win against all the odds? Business is a gamble and with the economic situation as it is at the moment the odds are stacked heavily against you...
If you can in all honesty answer YES IT CAN... go for it... this is your chance. Take it with both hands and do it....

Wednesday, 27 July 2011

The dance begins...

While writing my previous blog, I got the inspiration to go about looking for an investor in a different way...
I had immediately after posting this last blog started to look for an investor whom might possibly be interested in investing in an Agricultural business.

I did some work on my business plan and honestly though it is not quite to my liking yet... I have started to sent out some query e-mails and I have received the most beautiful and friendly answers back... Not one yet positive, but so encouraging. So I have taken a few days of from my blogging to refine my business plan and really think through all the options and plans. I would not like to be in a position of eventually getting an interested party and then through negligence on my side I am making a booboo.
This off course can easily happen as going into a new side of my business I can make mistakes and although I am a firm believe in the fact that as long as something can be done to correct a problem it is not yet a mistake.. It is only when arrogance and stupidity makes you ignore a problem that it becomes a mistake of note.

Friday, 22 July 2011

Could it be...?

Could it be that the business angels out there in the world are only interested in certain types of business'?
The type that really does not need the money? The type who already has such a credit history to show that they do indeed exist?
So here I am... business is steadily growing but could be three, if not thirty times bigger, than it is at the moment. This is what frustrates me so much! How can I convince an investor of any kind, of the viability of my business, if they are not even interested in asking about it...?
Off course, this is not a business in technology... or electronics or real estate. Although, if I am honest... I would like to buy a farm... to pack my own fruit, in my own brand and to also export that. Maybe my problem is that I am not dreaming big enough? Should I go look for a fruit farm and buy that? Will my chances of getting finance increase if I do that?  Is this the way that my business should grow... have I been blindly looking in one direction, when there might be a  solution in a completely different  direction.
Might it be that by accident I have stumbled on to another option in my quest find a business angel? I will definitely look into this ... no later than today.
My mind is now racing at a hundred miles per hour... but with this new idea, new doubts are already forming in my mind. The thought of going through everything just to be disappointed, when no one is interested makes my heart heavy.
Do people and more specifically investors out there, in their sphere realize that no inventions can be made if there is no food? So farming is not the flashiest of flashy business, but it is the cornerstone on which  the world is build. People can not eat electronic chips.. they need the potato variety to survive.
Could it be that there is someone out there with a little bit of a sense of adventure? I will let you know...