WHAT... funding do you need? PDF Print E-mail
You’ve got a really great unique idea or project or widget that will explode your business out of the level it’s in and into hyperspace. It's the best thing since sliced bread and your target market is crying out for it. You can see that if you don’t do this, you are leaving way too much money on the table. You’ve got a plan; you’re ready to ramp up. All it takes is money. A lot of it.

You’re an entrepreneur who understands that leveraging yourself is critical to becoming super-successful. There are only 2080 hours in a year, working 8 hours a day. Okay, so as an entrepreneur you probably push that a bit or a lot (don’t we all?) but you still can only work so hard, so fast, so consistently, so productively. And, let’s face it, it’s going to take a lot more output than you can do in the time you need to do it to drive this new project to success before it loses its competitive edge or place in the market. You gotta have speed! And you know money buys speed.

Potential investors need to understand how much money you need and what you plan to do with it. Because you've structured your project for profitability, you probably have a pretty clear idea of how much funding and time you need to make it successful. Consider all the variables for your project including marketing and distribution, exit strategy, manufacturing, fulfillment, cost of money, whatever applies. The Slam Dunk Team often coaches with our clients to ensure a complete and favorable project plan to present to potential investors.

Don’t watch someone else beat you to the punch. Wait… and your competitor will bring your idea to market. Wait… and you’ll lose that billion dollar deal because you didn’t go after the few hundred million you need to make the deal happen. Wait… and you’ll miss out on the lifestyle you’ve been dreaming of.
 

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