New Bussines question

**guillelupica** · 10-21-2008 09:07 AM

I have an idea for a new bussines but i need a full financial, how can i get it or find someone that can be interesting on it?

**jeremylorino** · 10-21-2008 09:13 AM

First you must learn to articulate your thoughts correctly or you will never be given the time of day.

**rogercbryan** · 10-21-2008 09:23 AM

It's called forecasting and it is not easy. You need to estimate your income and your expenses and you need to have a detailed breakdown of how you came up with your numbers. The best thing you can do is to figure out what you 'think' will happen and then increase your expenses by 25% and decrease your income by 25%. This will give a healthy margin of error.

Again this is not easy and it is far from a science.

**akula** · 10-21-2008 07:39 PM

Originally Posted by jeremylorino

First you must learn to articulate your thoughts correctly or you will never be given the time of day.

ditto, life's too short to help those who can't help themselves

**DennisChang** · 10-21-2008 09:53 PM

You need to draw up a business plan, stating your business model, budget estimation, estimated breakeven time, estimated ROI, target markets, market research, risk assessment and whatever prototypes you have.

Afterall, its about SELLING your idea to the investors. Think in the shoes of the investor, what are the factors that would prompt him to invest in your business and not thousands of others?

**startupstudent.com** · 10-22-2008 01:20 AM

jeremylorino is right.

My friend you must learn to communicate in a manor which displays you are a person worth giving X amount of dollars to.

Check out score.org

**discountedclothing** · 10-22-2008 04:32 AM

Brainstorming.
This is the first thing you must do so that you'll able to organize your thoughts before starting to plan something.

**guillelupica** · 10-23-2008 08:59 AM

Thanks all for yours recommendations but after run the bussines plan where can i contact investors.

**jasaunders** · 10-23-2008 09:33 AM

You have bigger problems than contacting investors. Spelling, grammar, and clearly articulated thoughts would be a start. Otherwise you are just wasting everyone's time, including any investors you seek.