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Funding a business
How to fund your million dollar business
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[QUOTE="Mika, post: 263689, member: 29399"] Why would anyone trust with $1 million? Let's say you have a lot of money and if someone asks you to invest $1 million would you? First of all, you would check the business model, business assets, business revenue, etc. before deciding to invest. If you decide on investing $1 million, you will also take note of how much equity you are going to acquire by investing $1 million. The same thing goes when you want to build a $1 million investment in your business. Before you find a venture capitalist to invest in your business, you need a business that is already making profits, you need products that have the potential to go viral and you have a business that has a high chance of going very big. In order to reach the position where you can ask for $1 in funding, you need to spend hundreds of thousands to build a successful business. [/QUOTE]
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