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Bank loans provide medium to long-term finance for your business. You could also find the nearest Small Business Development Center SBDC and register to access their small business loans. To seriously consider angel investors, you must first have an exitstrategy for your business and solid projections for the future.
And if you get hold of that idea, start hiring a dedicated team of developers to give your idea a shape. Consider an exitstrategy: A business that is built with passion and obsession does not come with an exitstrategy. Your finances: Nothing works without investment. About the Author.
This awareness helped cement my corporate world exitstrategy. Toward the end of 2005, I started preparing my exitstrategy. It was time to let go of the illusion of control that the “big bucks&# created. Don’t get me wrong, big bucks rock! No longer a company creature; my job was surely destroying my soul.
Most government programs also offer some form of mentoring service or access to research and development opportunities. Plan ahead, and have an exitstrategy if you don’t receive grant money in the future. It’s generally free to apply for and, unlike a loan, doesn’t need to be paid back. Conclusion. About the Author.
As a college student in Nigeria, I had wanted to master developing microcontroller-based systems, but had never had the opportunity in practice, because no company there offered it. So, at the end of the academic session, I developed a business plan and sent copies to potential investors in the U.S. As the first year of my Ph.D.
But if you are already fantasizing about exitstrategies after only a few weeks, don’t ignore those signs. Look for development elsewhere. If you do decide to stick it out, whether for financial or personal reasons, remember that there are other avenues for professional development and stimulation outside the office.
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