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Re: How much investment do i need to get started ?
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Re: How much investment do i need to get started ?
by
Nick Griffin
on Sep 19, 2007 at 1:34:55 pm
[walter biscardi]
"I've had a very VERY bad experience with a partner and will never do that again."
Ditto. (Although a junior partner may be in my future. The closer you get to equal the bigger the headaches.)
[walter biscardi]
"I've never used an investor and never will. I answer to myself and nobody else."
Double ditto. I would much rather build something up than being put in the position of immediately having to start paying off a fully equipped facility.
The simple answer to
how much
is probably
more than you think.
Add a healthy amount of contingency funds to your plan.
I also authored an article on going into business for yourself which ran in the last issue of the COW Magazine. Not as detailed as Walter's four part tome, but might be helpful with some additional insights.
One big question you have to ask first of yourself and then of the investor is
What's in it for him??
Post production is about as far from a rock solid investment as one can get. Some make it, many fail, many just get by. Almost all of us do it for love of the art and craft. OK, the gadgets, too.
And the biggest of the big questions are:
How solid is your source of business? Do you enjoy selling? If not you better have someone who does -- a LOT. Could your investor direct a lot of business your way?
The very last thing you want is a partner, an investor and you sitting around arguing about who is responsible for bringing in the business which will keep you in operation.
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Current Message Thread:
How much investment do i need to get started ?
by cane on Sep 18, 2007 at 3:39:30 pm
Re: How much investment do i need to get started ?
by walter biscardi on Sep 19, 2007 at 12:47:18 am
Re: How much investment do i need to get started ?
by Nick Griffin on Sep 19, 2007 at 1:34:55 pm
Re: How much investment do i need to get started ?
by Tim Kolb on Sep 19, 2007 at 9:40:50 pm
Re: How much investment do i need to get started ?
by Mark Suszko on Sep 20, 2007 at 3:30:53 am
Re: How much investment do i need to get started ?
by Rennie on Sep 26, 2007 at 9:35:02 pm
Re: How much investment do i need to get started ?
by cane on Oct 5, 2007 at 12:45:30 pm
Re: How much investment do i need to get started ?
by David Roth Weiss on Oct 5, 2007 at 3:30:55 pm
Re: How much investment do i need to get started ?
by Mark Suszko on Oct 5, 2007 at 4:25:06 pm
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