If your business is already profitable, then that’s even better.  Show the investors the financial statements and let them see for themselves that it is a viable business.  All you need to make your company explode is more funding which can be accomplished with their help.

For those who lack this business savvy, they definitely cannot go to the table asking for money without being well read up on the subject.  However, this is the age of the Internet and all types of resources can be found.  One should definitely read up on small businesses and the different methods to acquire small business funding – whether it be from banks, government programs, or venture capitalists.  Do you really require investors where you will be giving up a part of your stake in the company or would a small business loan be more appropriate?

One should read about personal finances as well because if your business is not already profitable, it might be some very lean years ahead.  To prepare for the journey into entrepreneurship, read some investment blog carnival where the topics are vary from everything to getting out of debt to how to finance your house.

Owning and operating a small business is not just about having the title of boss.  There are operational and administrative tasks to be done as well as providing a service or product to the customer.  This is a big undertaking and therefore should be reviewed with care especially if other people’s money is involved.