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After 6 years of successful speaking experience, contracts in the bank, and a bunch of mistakes 🙂 I am finally accepting my role as an entrepreneur to build a college speaking company. I know the market and the industry well, we already have met our first year's benchmarks and the company was never built to be about 'me the speaker' as many speaking companies are...but it's about a mission and a message and several speakers. I have no doubt we'll be doing 500,000 in 4 years.
We want to build and we want to build right. I've boot-strapped a lot in my time, I've been in and out of businesses and did some marketing consulting. I have a good handle on the business. There is one thing I know nothing about...taking on investors. I have the opportunity to bring on about 25,000 in private small investment money...not a huge chunk of change...but an amount that would certainly allow us to do many things with a sales team.
I know nothing. What goes into a small investor? Costs associated? Does the pay out come from the net profits after business debt or before? Any thoughts would be appreciated.
Topic starter
Posted : 16/08/2011 2:48 am
Re: Should I Accept Small Private Investors
25k is not small amount for starters. I think you should do it and expand it later. In addition to this, should you have a website and it will bring more businesses.
Posted : 16/08/2011 5:58 am
Re: Should I Accept Small Private Investors
Why do Greeks think of the outcome of the European Union summit in Brussels? They persuaded the private investors (banks) to accept a 50 percent
Posted : 09/11/2011 8:00 pm
Re: Should I Accept Small Private Investors
Taking on private investors is not a simple matter, and you should definitely think things through before formally agreeing to bring anyone in. Here are some brief points to consider (but you should really ask the advice of a professional CPA or a lawyer familiar with business law):
-Who are your investors? Friends, family, or someone you don't really know? The answer to this will change the way you approach the points below.
-How active in your business will the investors be? Do they want to have a say in operations? Will you be OK with that?
-How will your investors be compensated? Even if the amount being invested is small, your investors still want a return on it.
-Make sure, as I stated above, that you get professional counsel on the matter and that all the formal agreements are in place and well-written.
Posted : 17/11/2011 9:10 pm
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