My business idea is a cereal concept. This idea is a one-stop shop for a variety of cereal selections. This new business venture will include not only different types of cereals but also a variety of toppings for the cereals selection of choice. I will raise funds by applying for small business loans. Main start up goals will persuade vendors to give store credit, have market knowledge of the general area, and not tied up my funds in inventory. With a well financing plan in place business expectations will be accomplish based on historical results, trends, and overall product that are being put out.…
Andre bootstrapped Magno-Grip with $5000 dollars of personal savings and $40,000 of funding from his family. He learned though bootstrapping how to become more resourceful such as developing marketing initiatives. Magno-Grip didn’t want to be a one product wonder and Andre has created a line of products that he hope will work well in the market. While Andre has taken the time to develop the collection, he has not been able to focus on the other full time task of fundraising. He feels that this is the crux for other start up and existing companies because the act of fundraising is quite tedious. It requires extra meetings that can take away much needed attention for the day to day business.…
Funding is one of the biggest obstacles in starting any company. Venture capital investors (VC’s) are the traditional funding resource and it helps to understand what attracts them in new companies. Traditionally, VCs loved “pure tech" companies, which were not complex enterprises -- think three guys in a garage developing an extensible software product -- where not much could go wrong.…
An invention is expected to create a breakthrough in radical science and change the thinking.…
Indigegogo is a cash flow for businesses or personal funding through a period of time. We started a campaign through Indiegogo for a 7,000-dollar campaign.…
Regarding the idea of the company’s product, everything seems to be in favor of the startup launch. They are probably one of the first on the music market to offer this software. With a good business model and good evolution proposals, it shouldn’t be difficult to find interested investors.…
This is a company in the development stage. The founder, Phil Young, has a concept that he wants to try to develop and market. He is looking for financial assistance to develop his prototype. At this point of his business venture, he may need to ask family and/or friends for loans and/or possible liquidate some of his own assets to help pay for his project.…
This activity is designed to encourage students to appreciate the process of generating business idea with limited funds. Anybody can come up with a good business idea regardless of their age, race, experience and others.…
An entrepreneur is guaranteed success if she or he can come up with a good idea for a business.…
There are many ways in which a business opportunity and idea is spotted and created. Sometimes the creations of these are ideas are sometimes down to luck, at other times due to creativity and knowledge.…
It's important when you think about business ideas that you consider a few facts like whether people will pay for it, and whether it solves a problem. You'll also need to figure out the kind of supplies you need to get started as well as the capital you'll need.…
I sat there in darkness as the lights in my house went out, I could not see. Scared and alone I was beginning to worry but my fear slowly faded when my lights flickered back on. I soon realised just how dependant I was on electricity and light bulbs for my everyday life. Light bulbs have helped people bond more with their families at home, extend work hours because workers could now see with the illumination from the lights and helped boost the economy due to the faster production of materials and objects in factories.…
This article describes the establishment of crowdfunding and how artists, creatives, and innovators could use it to raise fund from the internet on funding their ideas. The author gather information thought MIT press and identify how people use concept of crowdsourcing on social media to raise funds. The article is useful to my research topic, as the ideas are derive from crowdfunding. The limitation of this article is that the author did not go extensively into the my research topic. However it will be useful as supplementary information on crowdfunding which will form the basis of my research;…
Rocky Lui and John Wong, two friends who wanted to build a new Internet venture together, found an interesting concept in Amsterdam that they wanted to import in North America: it was a platform based on crowdsourcing where fans could help their favorite musicians by raising money for them. The two entrepreneurs imported the core business model of the company Sellaband.com and added a few features to differentiate themself from the existing competitors.…
“Not all Kickstarter projects will succeed. It’s inevitable that some will fail. This is one reason why Kickstarter is very particular about using the term ‘backer’ and avoiding the term ‘investor.’ Dent explains, ‘It is not actually an investment in the legal sense of the word. The contributor is actually buying something to be part of the game.’ Backers get tangible rewards in exchange for their dollars: shirts, videos, forum access, and (typically) a copy of the game if and when it is completed. It’s a purchase, not an investment.”…