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The Plan
First of all, you need a plan. That means that you will need
quite a bit of information. Most investors want to know how
much money you are going to need and what you are going to
do with it. But don't think that it's going to be a simple
two question interview. It's going to get quite extensive.
Have all the answers ready when you write your plan.
It requires a good bit of thought. But, a nice business plan
model exists at the Small Business Administration where you
can literally use any number of resources that they have in
their library and you can even use their computers to work
up a nice business plan. I have seen people who knew that
they wanted to own a business one day, but they had no idea
what or where to begin. By the time they used all the
resources the Small Business Administration had to offer,
they not only had their business plan but they had the
exact business in mind and funding on the way.
Rivky's Art Workshop comes with a business plan model that you
can use to get started. You are already one step ahead in the
game plan. You can use our model and begin to seek out your
funding sources, which is what I plan on covering next.
Finding Funding
Most entrepreneurs have ideas. No money. That's what investors
expect. They know that you have great ideas for how to make
money with their money. So, get started and get your plan out
there in front of them.
Funding Universe is a great place to post a business plan and
see if anyone bites. It's highly possible that an investor is
going to come along at least once or twice a day to see what
your plan contains. They'll look it over and they might put
it down. But, something might start to nag them or another
investor will come along the next day and pick right up on
it. You never know what is going to happen. But, you can
rest assured something is going to happen.
With the Rivky's Art Workshop already in place with its proven
track record, business investors are more likely to want to
contact you. Of course, when you mention that art benefits kids
and fills the gaps where education fails, investors will swamp
to put their money into you. Even though art workshops also
benefit the adults who attend, mentioning kids is like raising
a golden flag.
These are only a few steps to mention. It should get you started
and headed in the right direction. I will follow up on other
steps and other business solutions in future articles. But if
you get these two steps into motion, you're already a few steps
ahead of most of the entrepreneurs out there.
Article written by Rivky Shimon.
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