Small Business Tax Center
Small Business Ideas, Grants &
Plans to Start & Run a Business:

Small Business Grants
CyberSchmooz
Network in Cyberschmooz Community Ask Questions Questions and Answers Share Tips Small Business Ideas List Your Business Business Advice from Idea Cafe Experts Coffee Talk with Experts Starting A Business Business Plan Biz Planning | Sample Plans Small Business Ideas Idea Name Your Biz Name Plan Your Biz Plan Financing $ Starting a Business Do It! Running your Business Marketing Tips Promotional Merchandise Marketing Tips Marketing | Sales | Customers Human Resources HR | Employees | Contractors Legal Forms & Tax Information Legal | Biz Forms Managing a Business Managing | Operations
Financing Resources Financing Your Business E Commerce & Webhosting eCommerce Take Out Info Trade Publications FREE Trade Publications Business Books Biz Books Your Own Business Small Business News Small Biz News Gen X Biz Gen X Biz Work at Home Work @ Home Business Information The Fridge - Biz Info on Ice Destress Send Awards Send Awards & Greetings Yoga At Your Desk Yoga @ Your Desk Fun Guide Guide to Find FUN Online About Idea Cafe Press Idea Cafe has received Idea Cafe in the News Idea Cafe's Kudos Kudos for Idea Cafe Advertise on Idea Cafe Advertise on Idea Cafe Privacy Policy Privacy Policy Contact Idea Cafe Contact Idea Cafe Link to Idea Cafe Link to/from Idea Cafe Join Idea Cafe
Search Idea Cafe Site Directory Site Map Online directory to business resources Biz Web Guide



Idea Cafe: The Small Business Channel -  ideas for Funding New Employees

Answer from our Guest Expert Lillyvette Montalvo - page 2

Experience Is Priceless

You've hit the nail on the head in one area: lack of experience. This will actually hinder your ability to obtain the funds you want and need, especially since most angel/venture capital investors seek to assist persons that have experience in an industry and, even more so, have proven themselves in a specific industry.

Apparently, you don't have this experience or proven ability just yet. Ask yourself:

  • Will you obtain this experience if you stay in the job you're in?
  • Is the owner of the company aware of the fact that you want to grow in this industry?
  • Will the owner of this industry be willing to let you take the lead on various projects and give YOU the credit you deserve to others that are in the same industry?
  • Can you obtain this experience in another job with another company that just might offer you a better salary and an opportunity to grow within that company?
  • Do you know of others in this industry that are willing to take you under their wing and serve as your mentor?

Be thinking about these questions while you're still trying to develop a knock-out biz plan. The experience you gain in your current position will allow you to develop the business plan in a totally realistic manner!

Another alternative you may want to think aboutúdo you know of anyone who's experienced in the field and is ready to branch out on their own as well? The reasoning behind this is that venture capitalists are always seeking those projects that have a "seasoned CEO and a seasoned management team" as well. If you wait to obtain additional and improved experience in this industry and, while proving your ability and capability, you have an opportunity to work closely with others who are seeking similar goals as you are, you may be able to form a solid, marketable team! Make sure you seek others with greater experience than you -- this will pay off immensely! Only approach these persons after your business plan is solid! Demonstrate to these potential partners or members of your team that you're serious about your plans, you have everything mapped out in a realistic manner and all that's left to do is get the appropriate capital in place. Once all of this is in order, you can continue to move forward on getting that funding.

Page 1 - 2 - 3

Google      

Small Business Tax CenterIdea Cafe HomeSign UpBiz Grant CenterCyberSchmoozCoffee Talk with ExpertsPeople in Biz ProfilesStarting Your BizBiz PlanningRunning Your BizFREE Trade PublicationsMarketingFinancing Your BizHuman ResourcesLegal & Biz FormsManaging Your BizeCommerceYou and Your BizGen XWork@HomeThe FridgeDe-StressSend an AwardSend an eGreetingYoga @ Your DeskWeb GuideIdea Cafe in the NewsAbout Idea CafeAdvertise on Idea CafeContact UsPrivacy PolicySite MapSmall Biz News

Copyright 1995-2021, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc.

DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages.

TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business™, CyberSchmooz™, and BizCafe™.