I had a Saturday meeting with a would-be entrepreneur who was looking for investment money to pay off debts and get a business underway.
He had no plan, no idea what he was doing...
When you want to go out and talk to investors about getting money for your business you need to answer the 4 big questions:
1. What will my money be used for
2. How will you make money with my money
3. Can you execute this plan?
4. What will happen to my investment if things go wrong?
Watch my commentary about the meeting:
The Invest Local Book blog is all about small business, local investing, home economics, small business systems and borrowing money for your business. It's full of great content and I look forward to seeing your feedback.