How much Small Business Capital Do You Want?

It’s out there.  Millions of dollars in capital is funded each day right now.  Over 35 million daily and that is just the reported capital from venture capitalists.  That does not include angel investors, and unreported funding.  Add that to the 16 billion dollar pool that the SBA has this year and you may start to realize that there is plenty of money out there to fund your small business.

Click Here to Learn the Secrets of Raising Capital… Guaranteed!

What are you doing to go after that small business capital?  Perhaps you are not looking for funding out of fear, or you let one person (or bank’s) “No” stop you in your tracks.  If you are a serious entrepreneur with a passion for your idea, get to it.  You will need to face plenty of no’s before you get to the yes’s.

You need to market yourself and your business effectively.  Are you?  Put your business plan in order, write your executive summary, and get it out there.  I’m not saying everybody will be interested.  Plenty won’t.  That’s fine; you can cross them off your list at the beginning and move on to people who will be interested.

Where do you go to find money?  There are plenty of online sources who will sell you names and addresses for your to send your information to.  I personally wouldn’t recommend that approach.  There are also directories of venture capital firms, these are better, as they actually talk about the type of investment each firm is seeking, so you can see ahead of time if you are a match.  You are still cold-calling, and many people are not comfortable with that.

Another place to look for money is under your feet.  Network in your local area. Talk to networking groups about who you are and what you are doing.  In this way you can begin to identify your best prospects from reliable sources.  Don’t just network with one group.  There are plenty out there.  Put yourself out into the communities and offer to help others find what they are looking for if you can. From there, get introductions to prospects if possible.  A third-party sell can be very effective.  Typically a phone call is your first contact, as opposed to just sending out your executive summary and plan.

These are your best prospects. You will still have to talk to plenty of them before you find one that will fund your deal, but in this way you can polish your speech and become more practiced in talking with people.  Keep in mind, not everyone wants to get married on the first date, so don’t just identify yourself and ask for money.  Get to know your prospect first. Ask if they have time to talk, or when would they have a few minutes to sit down. Be engaging and interested in who they are, and they may help you or know someone who can give you the small business capital you need and want to be successful.

Click Here to Learn the Secrets of Raising Capital… Guaranteed!