People come on to the Capital Match Point, and they're looking to start a business, and they'll call me up, and they'll ask me about doing just that. I say starting a new business takes courage. But as they say, courage doesn't pay the bills. Generally, I find people that want to start their own business being entrepreneurs fall into two categories.
The first group consists of people who know exactly what they want and are simply looking for the opportunity or resources to do it.
The second consists of people who want to start their own business but don't really have any definite ideas of what they like to do, and their business skills may be lacking. What I've done is I've asked a number of these people the same questions over and over. What are the responsibilities of ownership? I ask them what's involved in owning a business and what are the roles that you'll have to play? Set goals. What do you guys want from your business? If they want to succeed, how will they know if they get there? Knowing what they want out of their business permeates every other decision that they're going to make when they start a new business. It effects which business they choose, how they evaluate their business, and what their chances are for success.
I also have to ask these people, what is the impact on their every day life going to be? How can they evaluate their skills and make good judgments about whether they're ready to own their own business? Try knowledge about basic business concepts. Are you good in accounting, marketing, and finance? Do you have any experience and are you willing to farm this out? It's a good place to start if they already know that they want to start their own business.
One of the other things that I think the Capital Match Point could be of great service to them is our online resource library. They can literally plan and build a business, and groom it for potential funding by using that very valuable tool and very valuable resource on the Capital Match Point. We can help the capital seeker round out their business model and prepare for the potential funding.
So, call us and we'll be more than happy to help.