show comparables if you’re trying to raise money off an idea that other
raise money off an idea that other
raise money off an idea that other people have done before you’re trying to
people have done before you’re trying to
people have done before you’re trying to buy into a current system show
buy into a current system show
buy into a current system show comparables so it makes the decision
comparables so it makes the decision
comparables so it makes the decision easier for an investor to say yes one of
easier for an investor to say yes one of
easier for an investor to say yes one of the hardest things for the investors to
the hardest things for the investors to
the hardest things for the investors to say yes to is risk right if you are the
say yes to is risk right if you are the
say yes to is risk right if you are the first person to try to do something
first person to try to do something
first person to try to do something there’s a lot of risk attached to it and
there’s a lot of risk attached to it and
there’s a lot of risk attached to it and so there might be a lot of opportunity
so there might be a lot of opportunity
so there might be a lot of opportunity but then there’s a lot of risk and so
but then there’s a lot of risk and so
but then there’s a lot of risk and so it’s hard for them to say yes but if you
it’s hard for them to say yes but if you
it’s hard for them to say yes but if you can show them that this has been done
can show them that this has been done
can show them that this has been done before and the kind of numbers that it
before and the kind of numbers that it
before and the kind of numbers that it generates then it’s easier for them to
generates then it’s easier for them to
generates then it’s easier for them to say yes because they have a clear
say yes because they have a clear
say yes because they have a clear understanding of the opportunity and
understanding of the opportunity and
understanding of the opportunity and they know what the risk level is so
they know what the risk level is so
they know what the risk level is so reduce their risk by showing comparables
reduce their risk by showing comparables
reduce their risk by showing comparables I got a question from one of my youtube
I got a question from one of my youtube
I got a question from one of my youtube viewers love you guys Joe Cocker and Joe
viewers love you guys Joe Cocker and Joe
viewers love you guys Joe Cocker and Joe Cocker is trying to raise money he wants
Cocker is trying to raise money he wants
Cocker is trying to raise money he wants to start a kiosk in a mall around the
to start a kiosk in a mall around the
to start a kiosk in a mall around the Tommie copper product I’ve never heard
Tommie copper product I’ve never heard
Tommie copper product I’ve never heard of Tommy copper but that’s cool so to
of Tommy copper but that’s cool so to
of Tommy copper but that’s cool so to get this thing going you want to raise
get this thing going you want to raise
get this thing going you want to raise this money you want to quit this
this money you want to quit this
this money you want to quit this business plan show me some comparables
business plan show me some comparables
business plan show me some comparables show me who else has done a Tommie
show me who else has done a Tommie
show me who else has done a Tommie copper kiosk how much money they’re
copper kiosk how much money they’re
copper kiosk how much money they’re making how much their costs are and how
making how much their costs are and how
making how much their costs are and how their location is relevant to mine
their location is relevant to mine
their location is relevant to mine that’s what an investor is gonna look at
that’s what an investor is gonna look at
that’s what an investor is gonna look at it’s gonna be a pretty simple
it’s gonna be a pretty simple
it’s gonna be a pretty simple calculation okay that other kiosk how
calculation okay that other kiosk how
calculation okay that other kiosk how much is it making how much are they
much is it making how much are they
much is it making how much are they spending and how does the mall that
spending and how does the mall that
spending and how does the mall that they’re when compared to the mall that
they’re when compared to the mall that
they’re when compared to the mall that you want to go to if those numbers work
you want to go to if those numbers work
you want to go to if those numbers work out it’s easy to say yes if they don’t
out it’s easy to say yes if they don’t
out it’s easy to say yes if they don’t work out then it’s gonna be a lot harder
work out then it’s gonna be a lot harder
work out then it’s gonna be a lot harder to raise the money this might even be
to raise the money this might even be
to raise the money this might even be something that the banks would look at
something that the banks would look at
something that the banks would look at depending on how your relationship is
depending on how your relationship is
depending on how your relationship is with your bank manager if I was
with your bank manager if I was
with your bank manager if I was financing this it depends on the
financing this it depends on the
financing this it depends on the investor going after this is not a
investor going after this is not a
investor going after this is not a venture capital type of investment this
venture capital type of investment this
venture capital type of investment this is more an angel investor but not even a
is more an angel investor but not even a
is more an angel investor but not even a strategic angel investor it’s just
strategic angel investor it’s just
strategic angel investor it’s just somebody to give you money and this
somebody to give you money and this
somebody to give you money and this could be in the form of a loan if you
could be in the form of a loan if you
could be in the form of a loan if you want something to being like the ten to
want something to being like the ten to
want something to being like the ten to fifteen percent interest rate they give
fifteen percent interest rate they give
fifteen percent interest rate they give you the money and you create your
you the money and you create your
you the money and you create your location and go from there if you can
location and go from there if you can
location and go from there if you can get a strategic angel investor
get a strategic angel investor
get a strategic angel investor and put some experience to help you grow
and put some experience to help you grow
and put some experience to help you grow this thing to multiple locations that’s
this thing to multiple locations that’s
this thing to multiple locations that’s a bonus but I I think you’re looking at
a bonus but I I think you’re looking at
a bonus but I I think you’re looking at just a guy with money you’re looking at
just a guy with money you’re looking at
just a guy with money you’re looking at like a dentist a doctor a lawyer who
like a dentist a doctor a lawyer who
like a dentist a doctor a lawyer who wants a hands-off investment where they
wants a hands-off investment where they
wants a hands-off investment where they can get a premium return on on a loan
can get a premium return on on a loan
can get a premium return on on a loan that they’re giving you it’s probably
that they’re giving you it’s probably
that they’re giving you it’s probably your best bet and for them to say yes
your best bet and for them to say yes
your best bet and for them to say yes show them comparables of people who’ve
show them comparables of people who’ve
show them comparables of people who’ve done it before believe for those you’re
done it before believe for those you’re
done it before believe for those you’re watching like the video give it a thumbs
watching like the video give it a thumbs
watching like the video give it a thumbs up below let me know you think leave a
up below let me know you think leave a
up below let me know you think leave a comment you have a question put it in
comment you have a question put it in
comment you have a question put it in the comment section below and if you
the comment section below and if you
the comment section below and if you like this video if you want to see more
like this video if you want to see more
like this video if you want to see more you can subscribe to the channel and see
you can subscribe to the channel and see
you can subscribe to the channel and see what else I’m up to thank you so much
what else I’m up to thank you so much
what else I’m up to thank you so much and I’ll see you soon
”
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