Love Money

Mar 23rd, 2009 – Comment

Hi Lou, I’m so glad that you have this website and forum. Very educational. I listen to you on 640 am in the mornings also. I have a question, that perhaps other entrepreneurs out there looking for an answer to. If you are trying to launch a business, where do you go for start-up capital? […]


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Lou Schizas is an equities analyst, investor, entrepreneur, professor and television and radio personality – and a true believer in the happiness-inspiring powers of capitalism.


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Hi Lou,

I’m so glad that you have this website and forum. Very educational. I listen to you on 640 am in the mornings also.

I have a question, that perhaps other entrepreneurs out there looking for an answer to. If you are trying to launch a business, where do you go for start-up capital? Where do you go for start-up capital if you have no collateral to back it up, but have a product line that you want to manufacture locally, that has pending orders upon production?

Thank you.
Shoreen :)

Hi Shoreen,

Congratulations on taking a leap of faith on your ability to create a business and operate a business. Now that you have decided to work for yourself you will learn what kind of a hard nut the boss can be!

The best place to go if you are looking to raise less than $250,000 is to your circle of influence or your love money connection- family, friends, and associates. These are the people who know you best and would be willing to consider the business you have been developing and now need capital to bring to the next level.

I would also look to the accountant and lawyer you have working for you now. If you are not working with an accountant and lawyer now your very next task is to start a search for a professional who specializes in serving entrepreneurs. They will have dealt with early stage companies and can offer advice and direction. Some times they might even be able to introduce you to investors.

Your lawyer needs to  be able to help you structure an offering document that will allow you to solicit funds under exemptions of the securities act. This will allow you to solicit funds and stay on the right side of  the law.  You also want advice from your accountant on which form of business organization to use, partnership, partnership, or another structure that might best serve your needs.

I have enclosed the link to a local resource that be able to help you identify resources in your region.

Halton Region Business Development Centre

http://www.halton.ca/business/

Congratulations on your business and happy capitalism!

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