If You have a Business idea which requires massive amounts of money ..what do u do??

Question

If You have a business idea which has a high probability of success but requires hundereds of millions of dollars but You dont have the money to get it off the ground ..What do u do?

Answer 1

A business idea on its own isn't enough to draw those with the funding, in. Even an outstanding idea will have people balking at becoming a part of it financially if the individual with the idea has nothing more to contribute ($$$'s)...

An excellent, professional business plan is the first necessary tool. With this it may be easier then to entice a few investors to contribute seed money (known as Angel investors). By doing a plan and doing it well, it may be determined that there are areas of the idea that can be trimmed down or eliminated altogether, thus also trimming down the startup costs.

Check with a local Business Development branch of the government such as: http://www.sba.gov/.. Other areas to check are:
http://www.raisingmoney.com/ (you can upload your business plan and download business plan tools etc)

(Canada) http://www.angelinvestmentnetwork.ca

http://www.canadait.com/cfm/index.cfm?It=901&Id=1&Se=524,525&Lo=2

http://www.businesspartners.com/index.cfm?action=general&profID=0&group=7 (database that brings Angel/venture capital investors together with people with business ideas)

http://www.findarticles.com/p/articles/mi_m3065/is_n3_v24/ai_16403147 (informative articles regarding obtaining seed money, attracting angel investors)

http://www.businessweek.com/smallbiz/content/jul2000/sa000711.htm (Article regarding the early start to seed capital, suggests ways to obtain the money that is needed very early in the business and used to attract further investors.)

http://bsa.cbsc.org/gol/bsa/site.nsf/en/index.html Business start up assistance (Canada)

http://money.cnn.com/magazines/business2/business2_archive/2006/06/01/8378491/index.htm (more reading...from Business 2.0, has some interesting and viable suggestions)

All the best with your idea...hope it flies and becomes incredibly successful...hard work but totally worth it when it all comes together.

Answer 2

You are talking about venture capital . . . but since the Internet days , most of that has dropped way off.
I think now you are looking at a few $100K if you have some excellent collateral & a superior track record in other business startups.
But google venture capital for more info . . .

Answer 3

You need to get a business partner or investor.