How do you raise the capital you need?

If you have a good business plan and target market banks will invest and can be offered to be paid back in the form of equity? You could also try and sell shares once you get a patent or you could simply go to a venture capitalist (beware of scammers)

 

Write out your prospectus without revealing
The key secret points to your idea. Present
it to various investors speculators. Ask lots
Of questions. Good Pluck.
Karl

 

SeLfkiLL and KarlMiller have excellent advice.

I've got one huge offline business idea which off the top of my head which i estimate i will need about $100,000.(startup capital and working capital for 1 year). I am in the process of researching everything in this niche and writing up a "feasibility assessment". Already from research the figures i have found,I can safely assume it would be a success. Now my figure of 100,000 might be too much or too little. I need to contact potential suppliers and work out financials in more detail. From this research(and previous knowledge) I know roughly what the money would be allocated to.

As far as raising the money I'm personally attempting to be an online entrepreneur and webdesigner. There is a friend to has an interest in this niche also is thinking of starting a business. So I know that is an avenue of funds already. I don't particularly want to start the business in debt by loaning from banks,so that will end up being my last resort. (maybe i'm just a control freak haha).

Back to the feasibility assessment(I'll call it FA for short)-
It's slightly different to a biz plan. At the end of compiling you will have your marketing plan and a financial plan pretty much worked out.
A FA is a guide to you as a means to determine whether a business idea truly would last the distance.
A business plan is a more detailed document that is either written for potential investors or banks. It is also important for you/your business as it gives direction/purpose and helps keep the business on track.

Looking at some of the comments in this thread,people want to know what the 25k will be used for. If your going to approach investors/banks/business angels even family you need a breakdown of costs. This doesn't mean you need to give away the entire idea.
summarize the idea in perhaps a generic way. For example my business idea is ..a retail + service business in xyz niche.
startup costs include-
rent,utilities,fixtures and fittings, legal fees, registrations etc,starting inventory.
monthly expenses-
rent,utilities,wages,stationery etc etc
I know thats a retail example,as i don't know what type of business your looking at. Online business ideas still need FA's,especially if large investments are to be made,requiring only small changes to expenses.

Knowing things like future growth of the niche ..and a SWOT assessment help too.

Here is an outline of a feasibility assessment(ok the site is australian..but still applies anywhere)
business plan outlines i know can be found on the US Small Business Administration site.(google SBA).

Hope that helps you.

 

better to find a business partner who are in need of niche and if u have nice content for sale you can start business with him.