5 basic needs of new business & how to find investors for new business?

Basic Needs 

1: Your expertise {Knowledge – Know How – Experience} in the domain

2: In Depth Research: on Viability, Market, Competitors, business features, cost structures, key resources and revenue streams

3: = Viable Business plan 

4: Team = Executive team - strategic partners - marketing – sales – business partners

5: Financial forecast and Metrics

 How to find funds : 

Convince Investors that you have the expertise, the right product , the right team and your business plan is viable and a winner. 

Consider funding by personal loans - collateral securities - friends - family - business angels - Government funding agencies - Banks 

I suppose the elements of a new business are demonstrated by Mr. Mohammad Tohamy…

However, we still need to bring investors to new business… The approach to investors would vary depending on the volume and value of the new business,

For small business it could be by seeking direct partnership or a personal loan… and for medium/large business, it would be by finding venture capitalist through banks… and for large scale business it could be by lunching IPOs through well known financial institutions.

- Objective presentation of sustainable competitive advantage(s)

- Relaistc, workable busienss plan

- Effective competitive analysis for the product(s)/service(s) in the target markets

- A team with the peofessional skills required to achieve the plan goals

- Relaistic performance measurements plan and an enterprise risk management plan

Investment/Resources

Skills

Research

Team to start with

Viable planing.

Couple principles I believe in as a result of my30+ years experience/presence in the market

1. Give the PLANNING & PREPARATION phase whatever it needs/takes before rushing into IMPLEMENTATION & EXECUTION
2. The above serves as SOLID and SOUND BASIS/PLATFORM for your success. Hence if you compromise the above, you really compromize your chance to be successful
3. A GOOD STORY sells itself by itself with minimal effort in convincing
4. The market does not suffer lack of money for funding & investment once the good story is there
5. Make sure to have your TRUE DIFFERENTIATORS spelled out loud and clear and make them as much as you for the investors, partners and customer to hear and grasp
6. Make your CUSTOMER VALUE PROPOSITION equally clear and loud and express it IN TANGIBLE, QUANTIFIABLE & MEASURABLE terms
7. Make sure you can DELIVER on what you PROMISE to maintain your personal and professional  credibiloity
8. Follow something like my MV-BMD outline to describle your business model in simple and straight forward language that is both understandable and appreciated
9. Plan for SUCCESS and for FAILURE, and ensure you have an EXIT STRATEGY in every critical point in your plan
10. Try your best to minimize the unknown, the unpredictible, the assumptions and the compromizes to be on the safe side as much as possible with your commitments and obligations

All the best !