Chained & Broken. He has lived his life on a chain and in that box they call a kennel

Contrary to popular belief, business plans do not generate business financing. True, there are many kinds of financing options that require a business plan, but nobody invests in a business plan.

Investors need a business plan as a document that communicates ideas and information, but they invest in a company, in a product, and in people.

Small business financing myths:
Venture capital is a growing opportunity for funding businesses. Actually, venture capital financing is very rare. I'll explain more later, but assume that only a very few high-growth plans with high-power management teams are venture opportunities.

Bank loans are the most likely option for funding a new business. Actually, banks don't finance business start-ups. I'll have more on that later, too. Banks aren't supposed to invest depositors' money in new businesses.

Business plans sell investors. Actually, they don't well-written and convincing business plan (and pitch) can sell investors on your business idea, but you're also going to have convince those investors that you are worth investing in. When it comes to investment, it's as much about whether you're the right person to run your business as it is about the viability of your business idea.

I'm not saying you shouldn't have a business plan. You should. Your business plan is an essential piece of the funding puzzle, explaining exactly how much money you need, and where it's going to go, and how long it will take you to earn it back. Everyone you talk to is going to expect to see your business plan.

But, depending on what kind of business you have and what your market opportunities are, you should tailor your funding search and your approach. Don't waste your time looking for the wrong kind of financing.

Where to look for money
The process of looking for money must match the needs of the company. Where you look for money, and how you look for money, depends on your company and the kind of money you need. There is an enormous difference, for example, between a high-growth internet-related company looking for second-round venture funding and a local retail store looking to finance a second location.

In the following sections of this article, I'll talk more specifically about different types of investment and lending available, to help you get your business funded.

1. Venture capital

The business of venture capital is frequently misunderstood. Many start-up companies resent venture capital companies for failing to invest in new ventures or risky ventures. People talk about venture capitalists as sharks-because of their supposedly predatory business practices, or sheep-because they supposedly think like a flock, all wanting the same kinds of deals.

This is not the case. The venture capital business is just that-a business. The people we call venture capitalists are business people who are charged with investing other people's money. They have a professional responsibility to reduce risk as much as possible. They should not take more risk than is absolutely necessary to produce the risk/return ratios that the sources of their capital ask of them.

Venture capital shouldn't be thought of as a source of funding for any but a very few exceptional startup businesses. Venture capital can't afford to invest in startups unless there is a rare combination of product opportunity, market opportunity, and proven management. A venture capital investment has to have a reasonable chance of producing a tenfold increase in business value within three years. It needs to focus on newer products and markets that can reasonably project increasing sales by huge multiples over a short period of time. It needs to work with proven managers who have dealt with successful start-ups in the past.

If you are a potential venture capital investment, you probably know it already. You have management team members who have been through that already. You can convince yourself and a room full of intelligent people, that your company can grow ten times over in three years.

If you have to ask whether your new company is a possible venture capital opportunity, it probably isn't. People in new growth industries, multimedia communications, biotechnology, or the far reaches of high-technology products, generally know about venture capital and venture capital opportunities.

If you are looking for names and addresses of venture capitalists, start with the internet.

The names and addresses of venture capitalists are also available in a couple of annual directories:

The Western Association of Venture Capitalists publishes an annual directory. This organization includes most of the California venture capitalists based in Menlo Park, CA, which is the headquarters of an amazing percentage of the nation's venture capital companies.
Pratt's Guide to Venture Capital Sources is an annual directory available online or in print format.

2. Sort of venture capital: Angels and others

Venture capital is not the only source of investment for start-up businesses or small businesses. Many companies are financed by smaller investors in what is called "private placement." For example, in some areas there are groups of potential investors who meet occasionally to hear proposals. There are also wealthy individuals who occasionally invest in new companies. In the lore of business start-ups, groups of investors are often referred to as "doctors and dentists," and individual investors are often called "angels." Many entrepreneurs turn to friends and family for investment.

đź’”Chained & Brokenđź’”
I am finally at a loss for words I have sat here trying to write this post! I have looked at the picture over and over and I see this dog chained to a tree and in the background, I see the tire swing of a child. I wonder how many times did the children swing on the swing and stare at their dog, their so called family member that is wasting away in front of them. No help they said he is old, we do not know the whole story! I know this, the chain and collar weighed more then his emaciated body, he laid in his own feces, his home was a box in the rear of the house. He had a blanket but there was NO food or water in his area his owners claim there is more to his story. I call BULLSHIT! I am so tired of owner excuses and how they did everything or how sad it is, how old they are or I did not know what to do!

We named him Justice, he has a story and he will have a voice. He has lived his life on a chain and in that box they call a kennel. He was taken into custody Sunday. We have him in our rescue and he is in bad shape!

Justice is currently hospitalized and we are trying to stabilizing him and will continue to provide medical care.

If you would like to contribute to Justice’s care:
You can donate at
Donate www.dallasdogrrr.org
So, you have kicked off a new business, and you are looking for a way to get funds. First of all, you need to keep in mind that there is no best way to fund a new business. Each method has its own advantages and disadvantages. Moreover, a method that worked for one type of business may not work for your business type. Therefore, you should go over the options given below and choose a method based on the type of your business.

Self-finance

If you have set some money aside during the past few years, you can use it for your business. Self-financing is a good option as you won't have to borrow from anyone. On the other hand, if things don't go as planned, your hard earned money will be gone forever without giving you any return.

If you can't risk losing your savings, this option may not be suitable for you. But if you have a large amount that you saved, you can invest some of it and save the rest for rainy days.

Bank Credit Cards

Using credit cards to fund your business is another good option, but keep in mind that you will be paying huge sums of interest for several decades because the interest rates on credit card transactions are very high.

However, the upside is that using bank credit cards to fund a business is an easy option as long as you are fine with high interest rates.

Friends & Family

If you don't have enough savings, you can ask your family or friends for money. However, make sure you return the money on time or your relationship with that person may get affected. Plus, if your business fails, they will get upset because they have an emotional attachment with you.

Mortgage

You can't get a bank loan unless you don't have a good credit record and collateral. So, what you can do is mortgage your home or farm to get a loan. While this can get you a business loan, you will be paying back the loan whether your business becomes a success of failure. Your house or farm can get sold out if you fail to pay back the loan.

Angel Investors

Someone from your friends or family can become an angel investor for your business. They will provide funds for your small business in exchange of a share in the ownership of the venture.

Before you sign an agreement with your angel investor, make sure the terms and conditions of the contract are clear to both of you. This will help you prevent disputes in the end.

So, these are a few good options for you to get investment for your new venture. All of these options are good and work for small ventures. But make sure you have evaluated all the options before choosing one. The success of your business depends on the capital and if invested after a lot of thinking, your chances of success will go up.

ThinkingCaptial is the company that can help you get funds for your new business. Contact them as soon as you can.

1 Response to "Chained & Broken. He has lived his life on a chain and in that box they call a kennel"

  1. I'm praying for this precious boy.He has just got to get better and know kindness and love. My heart hurts so bad for this pitiful innocent soul. Please Justice fight sweet angel. I hope your owners drop dead for the cruel way they have treated you.

    ReplyDelete

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