[jon#1]

Ok, this is gonna sound crazy, but here goes.

I have found a potential business idea that would qualify as my 'ultimate dream business'...http://www.buytofly.co.uk/, but I have several problems that are preventing me at the moment:

1. I am only 19 years old, and am currently studying for an air-travel related degree at a UK university.

2. I have a very little to no money at all of my own

3. Most banks will not give me loan as I do not own any valuable assests that can be used as security.

And if that was not enough...

4. The business idea would set any investor back a cool £1.5m !!!

I believe this opportunity has got huge potential because there are so many possible methods to generate income. For example, you could offer a timeshare scheme in the house/airfield or open the house as a B&B/Hotel, and because it is only 20 minutes away from the second most busiest airport in the UK, you could convert one of the surrounding fields into a car-lot and offer an off-airport car parking service.


How might I be able to obtain financial backing?

Is this idea worth pursuing any further?

If you are interested in helping me achieve my 'ultimate dream business', please post below, PM me or feel free to get into contact with via my personal e-mail: jonathan_mark_davies@hotmail.com


Yours Sincerely,



Jonathan Davies.

[Day2]

Urm. I'd say you're pretty doomed.

VCs want to see traction and a management team that looks hot.

Angels do a little bit less FORMAL due dilligence-- if you make them fall in love with the idea (and with you), you can get funding with little or no experience... But virtually no angels want to throw that much money at a single high-risk investment.

I'd say your best bet would be to find a few business partners who would look good to VCs. Guys in the industry, guys with startup experience, etc.

The big question is, other than coming up with the idea, what value do YOU bring to the table? Why would someone want to partner with YOU to do this venture?

[akula]

so you wanna buy this airstrip and run a charter business?



at end of the day, if you can clearly explain what you want to do, anything's possible.

[jon#1]

Originally Posted by Day2

The big question is, other than coming up with the idea, what value do YOU bring to the table? Why would someone want to partner with YOU to do this venture?

Hi Day 2, thanks for your response.

That is a very good question you have raised, and yet another problem that I face because I don't really have anything that I can offer at this stage, which directly links back to my first problem about my age, because I am only 19 years old I have very little experience. Having said this, I do have basic communication, leadership and project management skills, which I developed through my education years and also from being an Air Cadet in the Air Training Corps. Other than that, like you said, it seems this venture is doomed before it has even started...

Originally Posted by akula

so you wanna buy this airstrip and run a charter business?



at end of the day, if you can clearly explain what you want to do, anything's possible.

Well that was the initial plan, and I was also thinking of offer pleasure flights (i.e fly and dine) and also air experience flights for those that just want to experience the thrill of flight and enjoy the local surroundings. I am sure there are plenty of other ideas that I could also put forward that would be able to generate some revenue, so it could turn out to be quite a business venture.

[nado]

Start small, think big.

... I wonder why so many people want to start their own airline?

Is it because all these famous entrepreneurs did or wanted to do the same thing?

I'd say it would be one of the most expensive and risky industries to get into.... and don't forget one of the most stressful and low-return.

[akula]

Originally Posted by jon#1

Well that was the initial plan, and I was also thinking of offer pleasure flights (i.e fly and dine) and also air experience flights for those that just want to experience the thrill of flight and enjoy the local surroundings. I am sure there are plenty of other ideas that I could also put forward that would be able to generate some revenue, so it could turn out to be quite a business venture.

erhhhh....what you are essentially asking for, is investment banking advice on a process called securitisation.

definition: http://www.titansec.com.au/sec.html

more definitions: http://www.google.com.au/search?hl=e...G=Search&meta=

Jonathan, this is complicated stuff. I'm just gonna have to spend some time to think about your situation, or leave alone to figure this out for your self.

At any rate, time's gonna tell if you're out of your league or not. If you are the kind of person who deserves to live out these kind of dreams, you'll be the first to figure out how to realise this transaction.

Hope you got your Nikes on tight.

[toptemp]

If you're good enough to pull off such a stunt, you should be able to come up with multiple ideas that take low startup capital that you can finance through a loan with your local bank. Take those ideas and become a millionaire within a year or two. With that, you'll have a track record of success as well as some financing money. This way, not only will be you able to get backing but you'll be able to keep a stock in the company.

Also, if your idea is sound enough, as Akula mentioned, if it sounds right in the end, you're good. However, only app. 3 out of 100 ideas get VC funding and many good ideas that eventually succeed are turned down multiple times. You can use VC funding and make a contract that would allow you to secure some of the funds particularly for collateral for a personal loan for which you can use to buy stock in your own company. I'm assuming you want something out of all this. Of course, they'll expect a star management team. In order to the star management, you need a star idea. So, in the end, it all starts with the opportunity.

PR me if you have any particular questions.

[demiGod031]

We're seeing a lot of business financings on Prosper www.prosper.com.
For example, this guy just got $15,000 at 8.6%.

Here's a link
https://www.prosper.com/public/lend/...listingID=2147

Prosper is people-to-people lending, so a lot of times it's fairer than
typical corporate financing.

Hope this will solve your dilemma..

Good Luck!!!!

[toptemp]

...hmm, I don't think I'd ever lend to anybody via this site. Seems like the "unprofessional" way of doing things.

[jon#1]

Originally Posted by toptemp

...hmm, I don't think I'd ever lend to anybody via this site. Seems like the "unprofessional" way of doing things.

I agree with you on that one, but you do have to remember that most people would probably agree any lending deals through private means and not on a public forum?