Michael C. Hill author of "Cannibal Capitalism" published by Wiley books is launching a free competition to start 1 million new jobs.
Is your idea worth a million dollars?
It might be, but simply having the idea is not enough to get it funded and to reap the reward of your good idea. Many think it’s a matter of who you know. It certainly doesn’t hurt to have friends in high places, but that is not the case for most of the millions who start new businesses each year. Some believe in the storybook tale that a great idea will find its own way, that if you have a revolutionary idea you can just go to Wall Street, stalk a few investors, force them to listen to your incredible pitch, and before you know it they’re writing checks. Is that how it works? Sorry, but no. That’s Hollywood, not the real world.
To get funded, you need to submit a high quality business plan to an angel investor, a venture capital fund or a bank. Now that sounds pretty simple, right? Yet, still most people are unable to get their businesses funded. Why? Unfortunately, it’s not as simple as merely sending in a business plan. You need to know exactly what investors are looking for and you need to speak their language. This is more than a matter of going to some free website getting a business plan outline and filling in the blanks. You need to know exactly what they are looking for and what they use to determine if a prospective business will make them loads of money. Most companies that are funded are also typically shopped to investors by trusted groups who have already vetted the plans.
Do you need help crystallizing your idea into a business? Do you want to be matched up with others to start a new business or buy a franchise? Do you need help writing a business plan? Do you need to get professional feedback to improve your plan and increase the likelihood that you will be funded? Do you need money to build your dream of financial independence?
The “You’re in Business!” program is more than just a contest. It is intended to educate participants and help them refine their ideas. A person can start the program with a simple idea and finish it with a professional business plan ready for banks and investors. We are applying a dragnet approach by taking on prospects that would not normally make it past the first hurdle. The competition allows us to take on the added work of looking at a broader pool of prospects.
Normally, it can cost thousands to have your business plan reviewed by a financial analyst. It can cost in the tens of thousands to have a VC broker shop your business for funding. Lawyers and accountants charge by the hour, and between commissions and due diligence costs, starting a business can be overwhelmingly expensive. Or, you could get all that for $50.00. Because of the power of the Internet and the operating model of this competition, for only $50.00 participants get a book full of wisdom on starting a business, a CD packed with legal forms and financial spreadsheets, and most importantly access to and professional feedback from our network, partners, and staff. Do you have business questions, legal questions, tax questions, or even management and operation questions? Post your question on the NLSBizNetwork Forum and a professional will respond. A tremendous value is provided before we even talk about the prizes.
We are also hosting a free “Million Dollar Idea” competition and we are willing to pay a million dollars for it! This contest may just be your big chance. In addition to a million dollars in equity funding, we will give away cash awards of $5,000, $25,000, and $50,000 to many other contestants. www.youreinbusiness.com
Stop procrastinating sign up today? Check out our recent interview: http://www.youtube.com/
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NLS provides early-stage companies with critical support services, which include consulting, access to capital, technical and business resources, and networking opportunities. We specialize in getting businesses the money they need to launch and expand.