Hi Everyone,
So our topic is “How to Launch a Start-Up in Manhattan”. We are working with the idea that our business is going to rent a physical office in Manhattan somewhere, and we don’t have a ton of money so our options need to be affordable.
Lamar: Please research where and how to rent an affordable office space in Manhattan.
Paulina: Please research what type of capital would be needed? What kind of investors would be needed and how would you secure them?
Jen: Please research how to build your workforce at the startup, how many people can you afford to hire? Also, how to furnish it?
**We may decide that we need to settle on a kind of start up. Maybe a startup tech company. Just to help narrow down our research. Thoughts?
**If you all come up with other things that need to be researched for the startup, please do so and list them on the results page.
If we can have our research done and listed on the Research page by end of the weekend, that would give us a good headstart. Thanks 🙂
“Other sites, like Bplans, owned and operated by Palo Alto Software, publisher of Business Plan Pro, have taken a more focused approach. Bplans offers more than 100 free sample business plans (more can be purchased) and they offer advice and other planning tools. When it comes to sorting through financial information, CCH Business Owner’s Toolkit has templates to help examine financial issues as well as other model business documents, checklists and government forms.”
This could be used int he presentation in terms of affordable plans on how to start up a business or financing as well?
https://www.sba.gov/business-guide/plan/calculate-startup-costs-small-business
This website could help with planning and getting an advice from a business counselor for free in case someone is really on the budget.
“Investors can give you funding to start your business in the form of venture capital investments. Venture capital is normally offered in exchange for an ownership share and active role in the company.
Venture capital differs from traditional financing in a number of important ways. Venture capital typically:
Focuses high-growth companies
Invests capital in return for equity, rather than debt (it’s not a loan)
Takes higher risks in exchange for potential higher returns
Has a longer investment horizon than traditional financing
Almost all venture capitalists will, at a minimum, want a seat on the board of directors. So be prepared to give up some portion of both control and ownership of your company in exchange for funding.”
On investors and capital.