08-05-2006, 09:46 AM
Article discusses the need for a sound business plan, and sources of startup capital including the bank, angel investors, venture capital, commercial capital companies, and IPOs.
full article: http://ecommercetimes.com/story/ORyeveUc...Cash.xhtml
Quote:There's no doubt about it, starting a business is no easy task. One of the first hurdles that you have to overcome is obtaining the necessary capital to get your company to the cash-flowing stage.
Why are many lenders and investors so difficult to convince when it comes to obtaining loans or capital from them? There are two answers to this question.
The first answer is that the failure rate of startups is quite high...
The second answer is that so many businesspeople do not prepare an adequate, professional business plan that convinces investors that the principals of the new business know what they're doing and are not just incurable optimists...
full article: http://ecommercetimes.com/story/ORyeveUc...Cash.xhtml