Doug D’Anna’s latest ‘e-Wealth Daily’ article is titled “The Passion for Business Success”. [‘e-Wealth Daily’ Article]

Doug D’Anna’s latest ‘e-Wealth Daily’ article:

The Passion for Business Success

If you’re looking to obtain financing for your business venture, then you have to give your potential investors what they want. You need to bring to the table the specific things that they are looking for. In other words, you need to exhibit the things that signify a potentially successful business. This goes for such independent investors as angel investors, as well as traditional lenders, such as banks.

There are things that will make getting the money you need a lot easier. The first is your business plan. A well-thought-out and well-presented plan is essential. You won’t get anyone to even consider backing your venture without one.

You need to have a number of sections in your business plan that cover all the bases in terms of what you are planning to do and the money you will need to do it. Plus, you will need to assess all the risks and show that you have thought out your business idea — and that you know how to make it successful.

You can also generate some influence with how you present your business’ structure. Corporations are generally looked upon more favorably than a sole proprietorship is, so consider going this route.

However, even though these aspects are important, there is something else that you might not think you need, but that can actually make a huge difference when it comes to landing a potential investor — passion.

Your passion and enthusiasm for your business venture can get you far in the eyes of an investor. It might seem as though all a lender wants to see is the numbers, but he/she also wants to see that you can really make it work. This means showing them that you are dedicated and passionate about your success and your business idea in general.

Getting someone to give you money requires influencing him/her in a positive way. You are selling them not only on your idea, but also on your becoming a business owner.

These people want to know that they are making the right decision by giving you money to start your business. They want to know that they are putting their money in the hands of someone who is capable of running a business successfully. So, you need to prove to them that you are capable of getting them their money back on their investment.

Someone who is passionate attracts opportunities. People more easily believe someone who is passionate about an idea than they do those individuals who aren’t. If the lender can see that you are excited about the opportunity and that it’s something that you are dedicated to, then they will be a lot more likely to give you the money you need. This is especially important if you don’t have many skills or experience on paper.

Your passion can make all the difference in the world when it comes to getting financing, so make sure that your business idea is something that you are truly interested in. Not only will it be more enjoyable for you in terms of running the business, but also lenders and investors will see that you are truly dedicated to making the business work.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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