article thumbnail

5 Things to Consider When Choosing a Business Partner

Women Entrepreneurs Can

Business success requires a range of skills and talents and it often makes sense to have a business partner rather than going solo. Should business partners also share a close personal relationship? Ideally, business partners should be just that — business partners.

Partner 52
article thumbnail

The Ultimate Guide for Starting and Running a Business at Home

Up and Running

Think about an exit strategy. But establishing an exit strategy is another important piece that forces you to look toward the future of your business. Like the rest of your business plan, your exit strategy does not need to be set in stone. Find good business partners and people who will refer you.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Don’t Underrate The Value Of A Startup Plan Document

Startup Professionals Musings

The plan must simply answer every relevant business question that you could imagine from your team, partners, and investors. My advice here is to check your ego at the door, and find a mentor or a partner who has business experience and domain knowledge to help you plan a viable business.

article thumbnail

8 Expectations Of Investors Who Risk Their Own Money

Startup Professionals Musings

Make sure these cover your business model and exit strategy, so the angels see how both of you will make a reasonable return. Look to grants and strategic partners for seed funding. Opportunity sizing and financial projections must be credible. Every investor likes to see opportunities that are large, with double-digit growth.

article thumbnail

14 Entrepreneurs Share Their Views on Writing a Business Plan or Not

Hearpreneur

9- Yes, to mitigate risk and have an exit strategy Photo Credit: Cyble Rizwan Business plans are also useful for sharing your vision with partners, employees, or potential collaborators, ensuring everyone is on the same page. Take aspects that resonate with you and weave them in with your own ideas.

article thumbnail

Here Is When Your New Business Needs A Written Plan

Startup Professionals Musings

The plan must simply answer every relevant business question that you could imagine from your team, partners, and investors. My advice here is to check your ego at the door, and find a mentor or a partner who has business experience and domain knowledge to help you plan a viable business.

article thumbnail

8 Parameters To Bracket New Venture Funding Requests

Startup Professionals Musings

The best way to show return on investment is to declare an exit strategy, such as being acquired or going public in the next five years, which allows the investor to cash out. Equity investors typically look for 10 times return projections, since they expect many of their investments to fail totally.