so i have a business idea..

[dfi]

Hate to be the wet blanket, but here goes. I know you have a wonderful top secret business plan that you think will make you rich. However, have you talked to anyone about it yet? Many of the people I've known have had "awesome business plans" that was going to make them superbly rich. Until they talked it over with someone else that is. Then they realized all the flaws.

dfi

 

[fastz28]

These are generalizations, not absolute:

1. VC don't buy ideas or business plans. They invest in companies.
2. Ideas and b-plans are dime a dozen, they need an experienced team to execute the plan. They will invest in a team with past track records and no idea, but not a "newbie" with a "kick ass business plan".
3. You'll probably never get to talk to a VC without a warm introduction

There's a sub-group formed last week here in ATOT to start a business. Were you involved with that? If not, and you are serious, PM me.

 

[sciencetoy]

If you want to start a business, start a business. So you don't have enough capital to do what you want right away? Duh, that's called a long-term plan.

Phase one is to start up SOMETHING right away. Sell something. Anything. Be sure you make a profit. A neighbor of mine sells leaves. Seriously. Leaves off the trees, nicely pressed. If they can sell that, surely you can come up with SOMETHING to sell.

Phase two is to take that initial success and move in gradually in the direction of your great wonderful business idea. If your idea is (for example) a new kind of ice cream, sell something that has something to do with ice cream. That covers a lot of territory. Surely you can think of something.

Continue phase two until you have made a decent amount of money, a lot of contacts in your chosen business field, and you have successfully dealt with all the paperwork, taxes, employees, shipping, etc etc or in other words you have become a good manager.

Phase three is to do something bigger. Hopefully you have made enough progress to start at your beloved original idea. If not, however, do something that is even closer than what you did back in phase two. Continue your success.

Sounds like work? It is. Congrats.

 

[edro]

Originally posted by: minendo

Originally posted by: guapo337
and about saving money, i dont have any money. the point of a business is to MAKE money.

It takes money to make money.

And in the instance of starting a business.... it takes a LOT of money to make money.

I think he is just wanting to sell his idea. The problem is, that he can go into an office, tell them his idea..... then they say they aren't interested, change his idea 1% and make their own version. It is the same way with a patent.

Seriously... unless you have a rich uncle willing to take a large gamble, just give up. I hate to sound rude, but it's just the way business works.

 

[richardycc]

Is it a butt warmer that plug into the USB port?

 

[gigapet]

Originally posted by: edro13
What's the idea?

jk

Realisticly.... just give up on it. 95% of all new businesses fail within the first 3 years. Save your money and buy a new car or something useful.

Also.... venture capitalists will not give you money if you are 16-21 and have no business experience.

most millionaires didnt get rich on there first try. Its obvious from this post u wont be successful.

 

[Descartes]

So you're really just wanting to sell a "kick ass business plan" for "a lot of money"? No offense, but your "kick ass business plan" probably isn't so to a group of VCs; they see them all the time. With that in mind, I think you would need some sort of an "in": family, a friend, just someone willing to listen to you.

Of course, if this is not merely an idea but rather something you can actually try and implement yourself, do that first. You're more likely to get something if you have something palpable.