looking for some philanthropist out there to let me have the cash to start a business enterprise!!!
2007-11-11 05:52:15 · 8 answers · asked by Anonymous in Business & Finance ➔ Small Business
a mug.
2007-11-11 05:55:30 · answer #1 · answered by louise d 6 · 0⤊ 1⤋
Prepare a business plan explaining your proposed activities in both descriptive and in financial terms for three to ten years hence.
Unless you are very lucky (and find a fairy godmother!) the lender will expect a return on his/her cash to reflect both the risk they take and the loss of interest should they have retained the loan.
Typically this would be at the rate of between 25-40% aannually - a cost which should be included in your plan.
£250 is, for a new business an exceptionally small sum to start up (More typically £20,000 upwards - there will probably be many costs which you have neglected to include. The plan must appear realistic. Although I cannot judge your request without a lot more detail you will almost certainly need to prove the need for a far higher sum in order to obtain finance. Strangely a request for £25,000 plus with a detailed plan is far more likely to attract interest and to succeed than that for a lesser sum.
If you are serious think it through, get help with your proposals - and good luck.
2007-11-11 14:08:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
£250 isn't that hard to obtain by working - if you're beaten before you start, forget this business enterprise - you'll be useless.
2007-11-12 09:05:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Go on Dragons Den.
2007-11-11 14:00:14 · answer #4 · answered by Anonymous · 1⤊ 0⤋
friends or a family member
2007-11-11 13:58:43 · answer #5 · answered by xXH@nn@Xx 2 · 1⤊ 0⤋
not me
2007-11-11 13:56:20 · answer #6 · answered by Anonymous · 1⤊ 0⤋
you could always try you've been framed?
2007-11-11 13:55:52 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Not me....
2007-11-11 13:56:07 · answer #8 · answered by Anonymous · 1⤊ 0⤋