Capital fuels business growth. Without a substantial amount of capital your business is doomed to fail. Where can you get the capital necessary to start your business? You have bank loans, family loans, charity funds and investors. I prefer going to an investor because coupled with their investment in your business, you get the added advantage of tapping into their extensive business expertise. But opting to use investors means that you have to share your overall business equity, which raises the argument; Are you willing to own 100% of nothing or 50% of something.
"Dragons" of the UK's hit series Dragons Den |
I was introduced to a television show called "Dragon's Den" back in 2008 and I have learnt a lot from watching it since then. It is a show in which budding entrepreneurs present their business ideas to prospective investors, who own multi-million businesses of their own. It is a great show for anyone interested in starting their own business and today I would like to share some of the insights, that I have taken away from the television show, with anyone who wishes to start their own business and hopes to get substantial capital investments from investors.