- A great idea. “No business can develop in the absence of a great idea. …
- Funding and budget. …
- What is your business plan? …
- Legal documentation. …
- Passion. …
- Find the right equipment. …
- Know when you need help.
What are the 4 factors to consider in putting up a business?
- Mind-set. Many people make the mistake of selecting a franchise based on what the business does, what the person likes or where their passions lie. …
- Finances. …
- Skills. …
- Time availability.
What documents do investors need?
- Term Sheet. …
- Stock Purchase Agreement (SPA) …
- Disclosure Schedule for a SPA. …
- Voting Agreement. …
- Investor Rights Agreement (IRA) …
- Right of First Refusal / Co-Sale Agreement. …
- Certificate of Incorporation.
What are the 3 C’s of a business plan?
These three C’s include: (1) having a concept of what your business is all about; (2) identifying who your customer or client will be; and (3) figuring out how the cash flow in your business will actually work.
How can I impress my investors?
- Work on extending your network. …
- Show evidence. …
- Personalize your pitch. …
- Choose co-founders wisely. …
- Refine your business first. …
- Build a strong brand online. …
- Think outside the box when it comes to investors.
What accounts do investors look at?
They can be cash assets (cash and cash equivalents), accounts receivable, merchandise inventory, investments or tangible (fixed) assets (e.g., buildings, machinery) or intangible assets (e.g., patents, trademarks).
Do lenders need a business plan?
A business plan is your best chance at conveying why the bank should lend you the money and support your business. It demonstrates to the bank that you have commercial acumen and essentially sells your ideas to us.
What are the 2 things someone needs to consider when investing?
Risk and return go hand-in-hand in investing; low risk generally means low expected returns, while higher returns are usually accompanied by higher risk.