So you want to start a business and have some pretty good ideas of what you want to do. There is only one slight problem; you have not funds to get it going. You figure, after gazillion years of relationship with your banker, it is time to cash in. Armed with your business proposal you head out to borrow funds. Oops, you find out the bank is not lending. So you just wasted all those years building a relationship with your banker, which during tough times is pretty much…meaningless!
When selling a small business, it’s advisable you keep calm and hide your nervousness or impatience. Even if you are under pressure to sell; don’t act desperate as this could scare away prospects.
The first step in establishing positive bank credit is to make sure that your business name and mailing address, as listed on your business bank account, matches exactly how your business name and address appear on any legal paperwork that’s been filed with the State. It must also match exactly with the name and address that appear on your Federal EIN paperwork. If it doesn’t match you’ll have to correct it immediately!
So, you decide you are going to raise private funds. Attracting Angel Investors sounds like a pretty good strategy. So you buy the latest “Business Plan” builder software, a few books on angel investment and private equity funding and off you go. You spend precious weeks, maybe months aligning your strategic documents to make a sales pitch to some deep pocket angel investor. You are absolutely 100% sure, he will open up his wallet the second he hears your wonderful business pitch. Time keeps on ticking and no angel investor has gotten back to you yet.
So how can you present your business the professional way? The first step is to prepare a business plan with all the details regarding your business, from its history, current standing, and your goals and strategies for the business’s future. The Virendra Mhaiskar IRB Infrastructure plan should be written properly and presented in a clean format.
If you want your market research to be productive you will need a good real estate agent on your side. That person will be able to inform you about what people are looking for when it comes to buying a home. You will also be able to list building business your property and sell it through your agent. It does not matter if that is an aspect you feel qualified to handle, because it does not negate your need for a professional estate agent. They work when you don’t want to, and they deal with the buyers as well.
They have a profit structure that will enable them to grow and survive. And, they refuse, no matter how enticing the prospect of small growth business, to be seduced into compromising their profit principles.
From these three mistakes, I have learned a lot. First, never bombard our clients with emails. Second, always offer freebies to clients and our possible clients and lastly, always keep in touch with them.