| Almost every entrepreneur has a start-up | | | | entire business concept.5. No assumptions for |
| financing horror story, how the banker | | | | financial projections.6. Insufficient |
| giggled while reviewing the business plan. | | | | evidence of the market.7. Failing to know how |
| Because of experiences like these, | | | | much money you need.8. Failing to set |
| entrepreneurs often assume that lenders and | | | | yourself and your business apart from the |
| investors lack either money or good business | | | | rest.What can you do to prove you are ready |
| sense to know a good deal when they see one. | | | | for the financing you need?1. Your business |
| But the real reason that most entrepreneurs | | | | plan must explain the business, not just the |
| cannot get financing for their new business | | | | product or service and its competitive |
| is they are just not ready for the money. In | | | | advantage.2. Your business plan must show |
| other words, if they received the money | | | | that you understand the power of the |
| today, most entrepreneurs would spend it | | | | bottom-line, providing a way to pay back |
| without any long term positive results. Being | | | | loans or produce an attractive return on |
| ready for start-up financing means having a | | | | investment.3. You must have a clear strategy |
| plan for spending the money wisely and being | | | | for marketing your product or service and |
| able to prove to others that they will follow | | | | know what it will cost to make or provide.4. |
| it. failing to convince potential lenders and | | | | You must show exactly how you will use the |
| investors that they can add value to their | | | | money to meet your company's goals.5. You |
| business using these peoples money is a | | | | must prove that the business concept will |
| surefire way to be rejected. Here are some of | | | | work, that customers will buy your goods or |
| the reasons why entrepreneurs fail to get | | | | services, before looking for money. where you |
| start-up money:1. Poor communication: Refers | | | | will find Global solutions and ideas. |
| to inadequate description of the business.2. | | | | |
| Insufficient sales and marketing strategies: | | | | Turtle Herb Estate Holdings consists of 3 |
| Remember the old adage: " Nothing in business | | | | forward thinking entrepreneurs with expertise |
| happens until someone sells something." | | | | in marketing & DTP advertising, farming |
| Investors like to see about 30% of a business | | | | culinary and medicinal herbs, web design and |
| plan devoted to marketing and selling.3. | | | | online marketing, horse breeding (sport |
| Ignoring the negatives: Every business | | | | horses),animal health products, import and |
| venture faces threats and problems. Investors | | | | export, engineering and industrial design |
| get nervous if an entrepreneur cannot explain | | | | (water solutions), arts and crafts. With a |
| them.4. Over-emphasis on the product or | | | | combined wealth of 80 years experience in |
| service. A common tendency of entrepreneurs | | | | various lines of business, we embrace a |
| is to fall in love with their product or | | | | holistic approach to entrepreneurship. |
| service concept. Spend time in selling the | | | | |