Renting a property whether a flat, townhouse, cluster or free-standing home is a necessity for many people but it doesn’t bring you any closer to ownership. It might seem a no-brainer to buy rather than rent but not everybody is in a position to buy property. You may not have enough to put down a deposit for a home. It’s all very well for guru property investment advisers to encourage you to buy a property but if you don’t have the money, what can you do?
Only a handful of entrepreneurs and start-up founders make it to entrepreneurial TV shows like Shark Tank or Dragon’s Den. That’s mainly a function of limited time and availability of strong start up ideas. If you can’t get onto the shows, what questions could you ask yourself about your small business idea?
You may be the main investor in your own start-up business and to increase your chances of success, it may be a good thing to ask yourself some of the hard-nosed questions that are asked on these shows. But you may also seek funding from crowdfunding organisations that are starting to grow all over the world. Just recently I saw that a coffee shop chain in China that is trying to raise US100 million. The experts say that equity crowdfunding, a growing fundraising model for entrepreneurial projects, is set to grow in China and could dwarf those of the United States or United Kingdom. Continue reading “If you can’t make it onto Shark Tank or Dragon’s Den, what questions would you ask about your start-up?”