Larry McCann answers:

Not really. Venture capitalists want way more than an idea. At the very least, you should have a professional management team (not necessarily committed to the company full-time at present, but ready for such commitment should venture capital funding materialize), a prototype of your product/service and/or the results of a concept test, a patentability opinion from an experienced patent attorney (if applicable), and a business plan that can convincingly show how you and your team can create a multi-million dollar business in three to seven years.

Note also that most venture capitalists prefer to invest in large transactions (some start at $5 million, some even at $20 million). The implications are twofold. First, you should have a management team that has experience managing multi-million dollar projects. Second, you should be aiming to create a company that would be valued in tens or hundreds millions of dollars within a few years.

Larry McCann answers:

The World Is Flat, this book will tell you some new idea about running a business in this globalization new world.

Larry McCann answers:

I have found the best type of business to start up is a home based business. You have the same income opportunity as a traditional business has, and you also have less over head to pay for each month. Most everything in your house, is part of your business, which becomes tax write offs. Your telephone, computer, heating, electricity, car etc. Less over head, less bills to pay out then a traditional business which means MORE profit. Home based businesses are also cheaper to start up then a traditional store front. Most only cost $500 to start. They’re also easier to maintain.

With the business experiences that I have had, the best type of home based business to have, I feel is collaborating with another business. In doing this, it lessens the stress factor that a traditional business has, yet you have the same income opportunity, no overhead, no buying and re-selling, no bills to pay. So everything you make, is basically a profit! That’s what we did quite a few years ago. We collaborated with the largest direct selling Telecommunications service provider in the world. They market in Local and Long Distance telephone services, Internet, video phones, digital phones, VOIP, Satellite TV as well as all the major cellular phone providers such as Verizon, AT&T, T-Mobile, Sprint, Alltell, Nextell etc. We save people money on services that they already have and can introduce them to services that they don’t have. Everytime these people pay their bills, we make a percentage over and over again each month.
This business gave us the opportunity to be able to start up our non profit organization and have the monthly funding come in that was needed for our programs.
If this is what your looking for, and have any questions, feel free to email me at tvague@seafaringopportunities.org

Larry McCann answers:

You will be a heck of a lot better off contacting your local Small Business Administration office (US Goverment) and asking for an appointment with the appropriate SCORE exec (retired successful business person) and also attending one of their afternoon seminars and letting other chew on your idea real-time.

Otherwise, your great idea will be passed only to their pals by the strangers who run the blog.

Larry McCann answers:

As you can see from the other responses it can be anything. What they are looking for is that you have been thorough.
No matter what business you need to look at the following:
Business Strategy, Location, competitive environment, marketing plan, budget, forecasted revenue, hiring plan, capital funding, legal issues, etc.

How about a business that does beauty salon treatments in your own home. Great for people who can’t get out (like seniors). You would hire stylists, and they would make a portion of the fee. You have very little overhead, except administration and advertising. You would cut deals with rehab centers, etc. To get lists of patients who are home bound and then set up appointments for people to go there and do their hair, nails etc. You refer the names to the mobile stylists, and they do the work. You collect the money and the stylist gets a percentage. No building, very flexible for the stylist, and you Can run this business right out of your home.
You would need to find out how much stylists pay to have a chair in a salon, and then how many clients they do a week, divide by the hours and make a comparison so they would see some benefit from doing this with you. Then keep going from there….

….Hey, maybe I should do this……

Larry McCann answers:

Not really. Venture capitalists want way more than an idea. At the very least, you should have a professional management team (not necessarily committed to the company full-time at present, but ready for such commitment should venture capital funding materialize), a prototype of your product/service and/or the results of a concept test, a patentability opinion from an experienced patent attorney (if applicable), and a business plan that can convincingly show how you and your team can create a multi-million dollar business in three to seven years.

Note also that most venture capitalists prefer to invest in large transactions (some start at $5 million, some even at $20 million). The implications are twofold. First, you should have a management team that has experience managing multi-million dollar projects. Second, you should be aiming to create a company that would be valued in tens or hundreds millions of dollars within a few years.

Larry McCann answers:

The World Is Flat, this book will tell you some new idea about running a business in this globalization new world.

Larry McCann answers:

I have found the best type of business to start up is a home based business. You have the same income opportunity as a traditional business has, and you also have less over head to pay for each month. Most everything in your house, is part of your business, which becomes tax write offs. Your telephone, computer, heating, electricity, car etc. Less over head, less bills to pay out then a traditional business which means MORE profit. Home based businesses are also cheaper to start up then a traditional store front. Most only cost $500 to start. They’re also easier to maintain.

With the business experiences that I have had, the best type of home based business to have, I feel is collaborating with another business. In doing this, it lessens the stress factor that a traditional business has, yet you have the same income opportunity, no overhead, no buying and re-selling, no bills to pay. So everything you make, is basically a profit! That’s what we did quite a few years ago. We collaborated with the largest direct selling Telecommunications service provider in the world. They market in Local and Long Distance telephone services, Internet, video phones, digital phones, VOIP, Satellite TV as well as all the major cellular phone providers such as Verizon, AT&T, T-Mobile, Sprint, Alltell, Nextell etc. We save people money on services that they already have and can introduce them to services that they don’t have. Everytime these people pay their bills, we make a percentage over and over again each month.
This business gave us the opportunity to be able to start up our non profit organization and have the monthly funding come in that was needed for our programs.
If this is what your looking for, and have any questions, feel free to email me at tvague@seafaringopportunities.org

Larry McCann answers:

You will be a heck of a lot better off contacting your local Small Business Administration office (US Goverment) and asking for an appointment with the appropriate SCORE exec (retired successful business person) and also attending one of their afternoon seminars and letting other chew on your idea real-time.

Otherwise, your great idea will be passed only to their pals by the strangers who run the blog.

Larry McCann answers:

As you can see from the other responses it can be anything. What they are looking for is that you have been thorough.
No matter what business you need to look at the following:
Business Strategy, Location, competitive environment, marketing plan, budget, forecasted revenue, hiring plan, capital funding, legal issues, etc.

How about a business that does beauty salon treatments in your own home. Great for people who can’t get out (like seniors). You would hire stylists, and they would make a portion of the fee. You have very little overhead, except administration and advertising. You would cut deals with rehab centers, etc. To get lists of patients who are home bound and then set up appointments for people to go there and do their hair, nails etc. You refer the names to the mobile stylists, and they do the work. You collect the money and the stylist gets a percentage. No building, very flexible for the stylist, and you Can run this business right out of your home.
You would need to find out how much stylists pay to have a chair in a salon, and then how many clients they do a week, divide by the hours and make a comparison so they would see some benefit from doing this with you. Then keep going from there….

….Hey, maybe I should do this……

Larry McCann answers:

Not really. Venture capitalists want way more than an idea. At the very least, you should have a professional management team (not necessarily committed to the company full-time at present, but ready for such commitment should venture capital funding materialize), a prototype of your product/service and/or the results of a concept test, a patentability opinion from an experienced patent attorney (if applicable), and a business plan that can convincingly show how you and your team can create a multi-million dollar business in three to seven years.

Note also that most venture capitalists prefer to invest in large transactions (some start at $5 million, some even at $20 million). The implications are twofold. First, you should have a management team that has experience managing multi-million dollar projects. Second, you should be aiming to create a company that would be valued in tens or hundreds millions of dollars within a few years.

Larry McCann answers:

The World Is Flat, this book will tell you some new idea about running a business in this globalization new world.

Larry McCann answers:

I have found the best type of business to start up is a home based business. You have the same income opportunity as a traditional business has, and you also have less over head to pay for each month. Most everything in your house, is part of your business, which becomes tax write offs. Your telephone, computer, heating, electricity, car etc. Less over head, less bills to pay out then a traditional business which means MORE profit. Home based businesses are also cheaper to start up then a traditional store front. Most only cost $500 to start. They’re also easier to maintain.

With the business experiences that I have had, the best type of home based business to have, I feel is collaborating with another business. In doing this, it lessens the stress factor that a traditional business has, yet you have the same income opportunity, no overhead, no buying and re-selling, no bills to pay. So everything you make, is basically a profit! That’s what we did quite a few years ago. We collaborated with the largest direct selling Telecommunications service provider in the world. They market in Local and Long Distance telephone services, Internet, video phones, digital phones, VOIP, Satellite TV as well as all the major cellular phone providers such as Verizon, AT&T, T-Mobile, Sprint, Alltell, Nextell etc. We save people money on services that they already have and can introduce them to services that they don’t have. Everytime these people pay their bills, we make a percentage over and over again each month.
This business gave us the opportunity to be able to start up our non profit organization and have the monthly funding come in that was needed for our programs.
If this is what your looking for, and have any questions, feel free to email me at tvague@seafaringopportunities.org

Larry McCann answers:

You will be a heck of a lot better off contacting your local Small Business Administration office (US Goverment) and asking for an appointment with the appropriate SCORE exec (retired successful business person) and also attending one of their afternoon seminars and letting other chew on your idea real-time.

Otherwise, your great idea will be passed only to their pals by the strangers who run the blog.

Larry McCann answers:

As you can see from the other responses it can be anything. What they are looking for is that you have been thorough.
No matter what business you need to look at the following:
Business Strategy, Location, competitive environment, marketing plan, budget, forecasted revenue, hiring plan, capital funding, legal issues, etc.

How about a business that does beauty salon treatments in your own home. Great for people who can’t get out (like seniors). You would hire stylists, and they would make a portion of the fee. You have very little overhead, except administration and advertising. You would cut deals with rehab centers, etc. To get lists of patients who are home bound and then set up appointments for people to go there and do their hair, nails etc. You refer the names to the mobile stylists, and they do the work. You collect the money and the stylist gets a percentage. No building, very flexible for the stylist, and you Can run this business right out of your home.
You would need to find out how much stylists pay to have a chair in a salon, and then how many clients they do a week, divide by the hours and make a comparison so they would see some benefit from doing this with you. Then keep going from there….

….Hey, maybe I should do this……