Dreaming of Venture Capital for Your Home Business?

Filed in archive financing on October 25, 2006

It's a known fact that although hundreds of home businesses were being put up everyday, hundreds fail, too. But the number of home businesses which are starting to gather some heat are starting to increase that more and more at-home entrepreneurs are quickly deserving of getting more financial support, e.g., venture capital.

How do you know if your home business can qualify for a venture capital? Here are 9 ways to make sure that you win venture capitalists' nods:

1. Have a product or service that truly stands out.
2. Know your upselling plan from the beginning.
3. Once you've decided that a product will be given away for free, don't change your mind.
4. Access to your product should be just one click away.
5. Make sure the major bugs have been exterminated.
6. Harness the collective intelligence of your users.
7. Keep improving the product to give users more reasons to stick with it.
8. Identify a range of revenue sources.
9. Timing is everything.

Via CNN