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Saturday, November 7, 2009

How to invite people to join venture?

I have just joined an e-com business. Wonder how to change people mindset to start do a small business?
How to invite people to join venture?
You need a good business report. Investors look for profits. In your report, you need to inform about:


1. market knowledge,


2. the intended target market,


3. capital,


4. inventory cost,


5. overheads,


6. breakeven duration,


7. business strategy for immediate 6mths, 1 year, next 2 years, etc.


Without all these, nobody will throw money. They rather keep it in the bank and earn low interest.
Reply:It is difficult. You must have good program to attract people to join in. The most important thing is how your program yeilds profit and so on. People don't invest money without learning about the performance and earning profit.
Reply:you don't change people mindset but just give them the knowledge. explain to them clearly how good your biz could bring to them. if you feel it is hard to get them to join you would it what they would feel when they are trying to get other people join their biz. do you want that to happen to them. i don't. i want them to succeed before having the satisfaction in doing my biz.
Reply:My opinion is that you will find more success if you look for people already looking to start a small business. Changing peoples mind takes a lot of energy. Focus that energy into telling a story why your business is what they are looking for.
Reply:I'm interested. Email me your website. Thanks.
name latin

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