hey it’s seven if you’re thinking about taking on invested for your business
taking on invested for your business
taking on invested for your business make sure that you’re not too early
make sure that you’re not too early
make sure that you’re not too early stage 4 is that there’s a number of
stage 4 is that there’s a number of
stage 4 is that there’s a number of different reasons for and this came out
different reasons for and this came out
different reasons for and this came out of a discussion with a buddy of mine is
of a discussion with a buddy of mine is
of a discussion with a buddy of mine is looking at potentially raising capital
looking at potentially raising capital
looking at potentially raising capital and bringing on an angel investor
and bringing on an angel investor
and bringing on an angel investor there’s a couple problems okay first off
there’s a couple problems okay first off
there’s a couple problems okay first off if you go in too soon if you go into
if you go in too soon if you go into
if you go in too soon if you go into early they’re going to kill you on your
early they’re going to kill you on your
early they’re going to kill you on your valuation yeah you’re gonna you’re not
valuation yeah you’re gonna you’re not
valuation yeah you’re gonna you’re not going to be able to get the value that
going to be able to get the value that
going to be able to get the value that you want from your business second thing
you want from your business second thing
you want from your business second thing is it is almost a full time job raising
is it is almost a full time job raising
is it is almost a full time job raising money so you have to factor that in
money so you have to factor that in
money so you have to factor that in you’re not going to be spending time
you’re not going to be spending time
you’re not going to be spending time running your business you’re not gonna
running your business you’re not gonna
running your business you’re not gonna be spending that time raising money
be spending that time raising money
be spending that time raising money you’re now bringing on a partner who
you’re now bringing on a partner who
you’re now bringing on a partner who hopefully you can work with but you
hopefully you can work with but you
hopefully you can work with but you don’t know the best way to raise money
don’t know the best way to raise money
don’t know the best way to raise money is expansion capital you find a way to
is expansion capital you find a way to
is expansion capital you find a way to make things work on a small scale and
make things work on a small scale and
make things work on a small scale and then expand it out because you know it’s
then expand it out because you know it’s
then expand it out because you know it’s going to work you’re going to get the
going to work you’re going to get the
going to work you’re going to get the best valuation and your chance of
best valuation and your chance of
best valuation and your chance of success skyrocket if you bring on money
success skyrocket if you bring on money
success skyrocket if you bring on money too early then you have to go out and
too early then you have to go out and
too early then you have to go out and you have to first run on a new partner
you have to first run on a new partner
you have to first run on a new partner with your investor then you have to go
with your investor then you have to go
with your investor then you have to go out and hire a team so maybe you hire a
out and hire a team so maybe you hire a
out and hire a team so maybe you hire a sales person maybe you hire an admin
sales person maybe you hire an admin
sales person maybe you hire an admin person maybe hire a marketing person you
person maybe hire a marketing person you
person maybe hire a marketing person you hire some production assistants whatever
hire some production assistants whatever
hire some production assistants whatever it is you gotta hire a team have you
it is you gotta hire a team have you
it is you gotta hire a team have you ever had success in hiring a team before
ever had success in hiring a team before
ever had success in hiring a team before have you ever hired a sales person
have you ever hired a sales person
have you ever hired a sales person before how do you know what to do to
before how do you know what to do to
before how do you know what to do to make it right if you’ve never done it
make it right if you’ve never done it
make it right if you’ve never done it before if you’ve never had success
before if you’ve never had success
before if you’ve never had success hiring a sales person for example how do
hiring a sales person for example how do
hiring a sales person for example how do you think you’re going to have success
you think you’re going to have success
you think you’re going to have success hiring five people at the same time and
hiring five people at the same time and
hiring five people at the same time and bringing on an angel investor partner
bringing on an angel investor partner
bringing on an angel investor partner there’s a chance it could work and if it
there’s a chance it could work and if it
there’s a chance it could work and if it works and everybody does their job then
works and everybody does their job then
works and everybody does their job then you could hit the moon and that’s great
you could hit the moon and that’s great
you could hit the moon and that’s great but there’s a huge chance that it’s
but there’s a huge chance that it’s
but there’s a huge chance that it’s going to crash and burn and I don’t want
going to crash and burn and I don’t want
going to crash and burn and I don’t want that for my friend and I don’t want that
that for my friend and I don’t want that
that for my friend and I don’t want that for you if you’re in the same situation
for you if you’re in the same situation
for you if you’re in the same situation get some experience build things up it’s
get some experience build things up it’s
get some experience build things up it’s okay to bootstrap it’s okay to be small
okay to bootstrap it’s okay to be small
okay to bootstrap it’s okay to be small to start you have a big dream show that
to start you have a big dream show that
to start you have a big dream show that it works on a small scale and then take
it works on a small scale and then take
it works on a small scale and then take money on to expand
money on to expand
money on to expand those are the companies that have the
those are the companies that have the
those are the companies that have the greatest success runners in the PC world
greatest success runners in the PC world
greatest success runners in the PC world I rejected ninety-nine point nine
I rejected ninety-nine point nine
I rejected ninety-nine point nine percent of the business plans that came
percent of the business plans that came
percent of the business plans that came in because they were too early stage the
in because they were too early stage the
in because they were too early stage the worst case scenario here is it doesn’t
worst case scenario here is it doesn’t
worst case scenario here is it doesn’t work out right so he takes on the money
work out right so he takes on the money
work out right so he takes on the money loses a portion of his company see he
loses a portion of his company see he
loses a portion of his company see he gives up thirty percent of the business
gives up thirty percent of the business
gives up thirty percent of the business he has to fire his team he’s back to
he has to fire his team he’s back to
he has to fire his team he’s back to what he was doing before the challenge
what he was doing before the challenge
what he was doing before the challenge here is now you have a minority
here is now you have a minority
here is now you have a minority shareholder who is not so friendly
shareholder who is not so friendly
shareholder who is not so friendly probably towards it because you’ve just
probably towards it because you’ve just
probably towards it because you’ve just blown all his money who could buy you
blown all his money who could buy you
blown all his money who could buy you out through a shotgun agreement and
out through a shotgun agreement and
out through a shotgun agreement and you’ve lost your company or if you ever
you’ve lost your company or if you ever
you’ve lost your company or if you ever try to go and raise more money nobody’s
try to go and raise more money nobody’s
try to go and raise more money nobody’s going to want to support you because you
going to want to support you because you
going to want to support you because you have a 30-percent shareholder who’s
have a 30-percent shareholder who’s
have a 30-percent shareholder who’s doing nothing for your company and now
doing nothing for your company and now
doing nothing for your company and now you’re deluded to seventy percent and
you’re deluded to seventy percent and
you’re deluded to seventy percent and for any other investor to come in
for any other investor to come in
for any other investor to come in they’re going to be worried that you’re
they’re going to be worried that you’re
they’re going to be worried that you’re going to get diluted so much that it’s
going to get diluted so much that it’s
going to get diluted so much that it’s not going to worth your time anymore if
not going to worth your time anymore if
not going to worth your time anymore if you only only five percent of your
you only only five percent of your
you only only five percent of your business are you still going to bust
business are you still going to bust
business are you still going to bust everything out to make it work probably
everything out to make it work probably
everything out to make it work probably not that’s a big fear I know investor
not that’s a big fear I know investor
not that’s a big fear I know investor wants to come out to buy another
wants to come out to buy another
wants to come out to buy another investor so if you make the wrong
investor so if you make the wrong
investor so if you make the wrong decision with your first investor who’s
decision with your first investor who’s
decision with your first investor who’s taking a sizeable chunk of your business
taking a sizeable chunk of your business
taking a sizeable chunk of your business that could be the end of your business
that could be the end of your business
that could be the end of your business if it doesn’t work out so make sure you
if it doesn’t work out so make sure you
if it doesn’t work out so make sure you make the right decision don’t just jump
make the right decision don’t just jump
make the right decision don’t just jump into it my advice is still prove it on a
into it my advice is still prove it on a
into it my advice is still prove it on a small scale show that it works have
small scale show that it works have
small scale show that it works have success in your and faith in yourself
success in your and faith in yourself
success in your and faith in yourself that you know how to bring on a sales
that you know how to bring on a sales
that you know how to bring on a sales person you know how to bring on an admit
person you know how to bring on an admit
person you know how to bring on an admit person you know what to look for now
person you know what to look for now
person you know what to look for now you’re ready to grow you’ve built it in
you’re ready to grow you’ve built it in
you’re ready to grow you’ve built it in your city in your you know state or
your city in your you know state or
your city in your you know state or province it works you may not make a lot
province it works you may not make a lot
province it works you may not make a lot of money yet but it works now you have
of money yet but it works now you have
of money yet but it works now you have your model to explode and take over the
your model to explode and take over the
your model to explode and take over the world don’t take on money too soon
world don’t take on money too soon
world don’t take on money too soon because it can tear your company apart
because it can tear your company apart
because it can tear your company apart believe
for those of you watching like the video
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please give it a thumbs up below and I
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want to hear you have to think you have
want to hear you have to think you have a comment please leave a comment section
a comment please leave a comment section
a comment please leave a comment section underneath you have a question for your
underneath you have a question for your
underneath you have a question for your business leave it below on Mike a video
business leave it below on Mike a video
business leave it below on Mike a video reply thank you guys I see you soon
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