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I have a great business idea, but no money, or credit? |
I have a great idea for a gaming store, in the St. Louis area, a great potential to be a chain so much like a Borders, complete with game rooms and internet cafe, but I want to find serious investors how can I go about doing this? first you have to come up with a business plan, which means you have to do a whole lot of research that's good enough to even get investors to even give you a shot. a business plan consists of what your business is, your predicted profits and breaking even point, your mission statement, info on suppliers, an analysis of strengths, weaknesses, opportunities and threats, market reasearch which looks at the potential demand of what you're selling or offering, a look at competitors, and the things that make your business unique from anyone elses, only when you have this plan will a bank give you a loan or investors take a shot on you starting a business isn't easy, and just telling potential investors about your idea won't get you the money, a business plan shows you care about your idea and that you've done the necessary research to support it. If you have a job, every time you get a pay check put at least 1/4 of it aside. By the time 6 months pass by you just might have enough money for your business. |
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