One of the quickest ways to grow your business is with new investment. Bringing on an investor is incredibly attractive to a fast-growing business. But too often entrepreneurs rush into bed with the wrong people. Today on BLL we discuss five types of investors.
You may not think of them as investors but they really are. Be it a credit card, an overdraft or a loan the bank is going to take an interest in the company to make sure that you will pay them back.
These kinds of investors are most common during the start-up phase of a business. They put money in usually for an equity position in the company. They usually don’t have that much say in how you operate the business.
Peer to Peer Lenders
Peer-to-peer is a new way to access money. Typically offered online, p2p allows you to access capital much like a bank. The lender will charge an interest rate and will want to know a lot about how you operate your business.
Real estate agents will always arrange a visit at the most opportune time of day. Take a look at the place in the morning, the evening and the afternoon to get a better sense of what the neighbourhood is like throughout the day.
Family and friends
This is a kind of investment you have to be very cautious about. Expectations need to be very clearly laid out before your proceed. Otherwise you risk not only their money but your relationship with them.
More about this Show
We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms. Most importantly we want to help you to develop a plan to take your business successfully into the future. There’s a startling statistic the underscores the importance of developing a solid plan. The majority of business owners are just seven months away from losing everything. A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly. Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients. We want to close that gap once and for all. We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.
Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV. We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with. Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.