Dimmer

I enjoyed John Dimmers presentation quite a bit.His presentation got me thinking about my own business plan for class a little bit deeper. I now have a better understanding of what is involved in the process of getting money for business. John provided a simple outline of where these funds should come from when starting up a business.

You!
This is the first source of money. I remember one of the guest speakers mentioned saving 20% of your paycheck and putting it in a savings account as this is your first source for funding your business.

Friends and Family
The second source is friends and family which is estimated to provide 25 to 150 thousand dollars. Although I can't picture myself asking my family for money. It haven't ask for anything not even a loan ever since I was 16 and got my first job. Also if things don't go as planned and I lose all that money it would probably hurt the relationship of my family.

Angel Investor
Next is the Angel Investor. I never heard of this name however I am familiar with what they do. They are private individuals who invest money in start-up businesses

Venture capital
The last source is Venture capital that could provide 4 million dollars

With this information and the reading given to me in class, I now have a better understanding of how to get funding for my ideas. As of right now I will probably use my own funds to support my business (buying from various sources and selling on ebay)