So I have found a niche, and have drawn up a business plan. The market is ripe, and by ripe, I mean it is a cash pinata, waiting to be cracked open. The problem, there is nothing to compare it to. Well that is not fully true, there are somethings to compare it to but the closest is an unnamed business type has done far more harm that good. This has caused things to be very difficult for me. I can't even get anyone with the money that I need to look at my business plan because I am forced to use words that make potential investors think of a business that is so far from what I want to do, it should not even be an after thought.
Think about it this way, I talk to an investor, the only way that I can describe the business on its most basic level, makes him or her think that I want to sell old, beat up, cars, when in reality I want to sell sports cars. That is in no way what I really want to do but I believe that the comparison works.
Another problem is that there is very little data on the business plan, it simply dose not exist at this point. It is so new that there is little data to be had. There are other markets that it can be compared to, one is that unnamed business, mentioned previously, one is a bit of a stretch, but the connection is there and it is a multi billion dollar industry, and the last while similar and almost a sister industry, is also almost a bit of a stretch as well.
The one advantage that I do have is, that the last enterprise I mentioned in the previous paragraph, is very much the same, has taken off in force, and in fact started out much the same as this one did. One that was laughed out of almost every investment institution that was approached with that particular idea. A lot of people are banging their heads against their desks at this point.
I know I am being a bit cryptic, I guess you could call me paranoid, but I want to protect the time I have invested as much as possible. The only other thing that I think you need to know, is that this business falls under the recreation and entertainment industries.
Any help would be great, I have already gone to banks, looking for a lone, and looked over the Angle investors sight. The banks want nothing to do with this, and the Angels, just don't seem like the right type of group, they are looking for something else it seems.
Think about it this way, I talk to an investor, the only way that I can describe the business on its most basic level, makes him or her think that I want to sell old, beat up, cars, when in reality I want to sell sports cars. That is in no way what I really want to do but I believe that the comparison works.
Another problem is that there is very little data on the business plan, it simply dose not exist at this point. It is so new that there is little data to be had. There are other markets that it can be compared to, one is that unnamed business, mentioned previously, one is a bit of a stretch, but the connection is there and it is a multi billion dollar industry, and the last while similar and almost a sister industry, is also almost a bit of a stretch as well.
The one advantage that I do have is, that the last enterprise I mentioned in the previous paragraph, is very much the same, has taken off in force, and in fact started out much the same as this one did. One that was laughed out of almost every investment institution that was approached with that particular idea. A lot of people are banging their heads against their desks at this point.
I know I am being a bit cryptic, I guess you could call me paranoid, but I want to protect the time I have invested as much as possible. The only other thing that I think you need to know, is that this business falls under the recreation and entertainment industries.
Any help would be great, I have already gone to banks, looking for a lone, and looked over the Angle investors sight. The banks want nothing to do with this, and the Angels, just don't seem like the right type of group, they are looking for something else it seems.