I just completed a test market for a new retail concept and had sales of $504,000 in 6 months out of a 800 sq ft store. Problem is I can not mange day to day business tasks. I am a visionary have spend years on this and now everyone wants a copy of my business plan, but I am too paranoid to show it.
what do you do to secure angel investors without giving away the farm?
How Does One Find An Angel Investor Without Giving Away The Entire Business Plan?
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2 Responses to “How Does One Find An Angel Investor Without Giving Away The Entire Business Plan?”
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Look at this from their way of thinking. How much do you want? and is it a good investment? Now go back and hide all you want if you can answer that they may come to you.
I had a friend who came to me wanting money for a start up company and but he didn’t show me how secure my money would be or how much I could get back. So guess what I didn’t him a dime and no one else did either.
Impossible. If someone’s going to invest in your company, they are absolutely going to want the facts and know the ins and outs of how you plan to run the company. Yes, these people have money, but they don’t have so much money that they just want to throw it away. They want to see the business plan in order to make sure that it’s a solid idea before they give you money for it. There is, however, a way to get them to sign off that they won’t tell anyone about the plan and that they won’t replicate it. If you’re looking to cover your butt, that’s the way to go - talk to your lawyer about it.