I own what I regard as is a great restaurant conception. How do I find investors?
I have an perception for a restaurant that is completely unique(I believe), and I couldn't picture it not person a success(I realize everyone thinks that around their ideas).I don't know anything about the restaurant business, but I know this would work. I am predisposed to "bet my life" on it.
All that I could actually do is "pitch" my opinion to a group that develops restaurants, since I have no experience contained by this field.
Thank You!
Answers: If you are inclined to bet your life on it after find some mob connects to loan you some money! You need to start by copy writing your Idea in the past you do anything! Look into government grant for starting a business!
This may not be what you are looking for but it may work. Develope a prototype restuarant and then you can do 1 of 2 things: (a) franchise the theory or (b) grow the number of restuarants and then seize venture wherewithal or more permanent wherewithal. You have to know people are more of a mind to invest when they can see the operations, discern its business pro and then proscribe a appeal to the business.
Good luck.
WHERE i CAN FIND ACTUAL ANGEL INVESTRS, FOR iT PROJECT &TOURISM PROJECT ROI 30 % UP(talentiag(a)yahoo.com)?
It project is global Consulting for intercontinental corporations.Tourism project is Inland mexico Both projects roi 30 % up
Answers: Try Beer and Partners or search for angel investors or project capital firms via G00GLE or Yahoo! investigate.
Check out Latin Idea Ventures, which is based contained by Mexico http://www.latinidea.com/index.html . One of its partners, Humberto Zesati, is a all right known angel investor contained by Mexico
In the US, you can find angel investors through the following associations and groups (check if they will invest in Mexico)
Angel Capital Association http://www.angelcapitalassociation.org
Angel's Forum http://www.angelsforum.com
Band of Angels http://www.bandangels.com
Common Angels http://www.commonangels.com
Keiretsu Forum http://www.k4forum.com
Launchpad Venture Group http://www.launchpadventuregroup.com
New World Angels http://www.newworldangels.com
New York Angels http://www.newyorkangels.com
Robin Hood Ventures http://www.robinhoodventures.com (charges $250)
Retirement? How much is satisfactory? Friend's quiz...?
45yrs old, $300K invested (~7%/yr rtn), $175K invested stocks, mid-high risk, (~12%/yr rtn), $100K within cash (~3%/yr rtn) + $50k assets... No housing or other loans...Retire at 50 or grind to 55?
Thanks...
Answers: When I be a Financial advisor the principle strategy to build around was making sure that once the creature retired, the money would last until they died. Now next to your friend's money, he could retire right now.and next exhaust his money...so, clearly the mindset needs to be on wealth preservation once retirement occurs. For that, a simple number is needed: >5%. Now this is strongly dependant on what he is invested within when he is retired. If he is invested in 6% Municipal Bonds, than he would be unloading his interest income TAX-FREE (which is why i focused on them!!) and with the 5% embezzle home, he still would be preserving his capital and experiencing a minor gain..which could be used as an emergency reserve.
Now, I would never ever walk over 5%, in reality, I would strongly suggest 4%. With that, there are several things he wants to consider when retiring.
1) health meticulousness costs! Medical costs will triple, if not quadruple, for him and his spouse. That is the number one issue general public never factor into their equations, so they need to keep hold of that in mind when it comes time to retire.
a) do they enjoy a heath insurance plan they can retire next to.
b) do they have life/disability insurance
2) inflation! As they are pulling money out, they will be intake away at their principal, and inflation will be working with them. So you want to cause sure that as you retire, you will have ample to pull money out, preserving the initial income, and then have enough to stave sour the effects of inflation.
500K is not a lot of money, especially when retiring. I would enjoy people speech to me with 500K and no home mortgage and want to retire. At 55, that we not ample, and it meant they would hold to hold back from retiring and shifting their investment strategy.
To be safe, I would suggest a retirement nest egg of 2 Million to 4 million.and NO! Their house DOES NOT COUNT!
Never, ever take into a reverse mortgage for retirement! You rob your family your assets which could oblige them retire better off, and you rob yourself as the reverse mortgage valuation is between 45-55% of the home's actual convenience!!
Please, never ever do that!
The amount I mentioned may seem a huge sum, but devise of it this way. Long permanent status inflation is between 3-4% (this is actual inflation, not the CPI. This inflation figure take into consideration food and enegy costs. In reality, it is anticipated to be between 8-10%) Just next to 3-4%, a $50K retirement salary today would equate to $230-$250K per year 20-25 years from immediately. See how small that 500K looks.
See how 2 million is easier to work with, but even still is knotty to work with.
The 100K contained by cash is a leftovers, they are losing money, as inflation is eating away at it. Save singular 3 months worth of salary for emergency reserves within a money market statement and invest the rest. I don't know where adjectives of these different accounts are, or if they each enjoy their own fees...which would make sense to consolidate them into one depiction, with adjectives investments (like a Roth IRA) in establish to cut back on costs. Moreover, I enjoy no idea where on earth these investments are at. These returns could drop like a rock if the bazaar changes.
Hope this help. I am not longer a FA, so I just do this adjectives for free, but I still have my license. Without specifics, you arent going to get specific answers. For what it worth, you can ask me directly through my 360 page.
Here's an article from the Wall Street Journal that may oblige:
http://finance.yahoo.com/focus-retiremen...
your friend needs to build a lifetime financial plan and receive some hard decision about his adjectives spending levels.
for example, it is reasonably common for hearty retirees to want to spend more money than they did while working -- among other reasons, they in a minute have profoundly more time in which to spend money.
Yep, Spock have the right answer. You give a neutral amount of detail about assets and expected return, but none at adjectives concerning spending levels within retirement. Without that information, it's impossible to tell if hasty retirement is even a possibility. Your friend might easily extension up working well into his sixties.
Furthermore, the projected rates of return you confer are, at best, just literary guesses. What is the plan if, for example, the $175k invested in stocks (a)12%/yr turns out to return closer to 8% over the subsequent couple of decades? Those kinds of shortfalls within expected return can clobber any retirement plan that is base on optimistic assumptions that stocks will produce double-digit returns year after year.
I suggest your friend hire a fee-based financial planner to bestow an objective evaluation more or less whether he really is on track to retire early.
How much for retirement? The rule of thumb i hold been given is an income at least possible three times your expenses.
Hope that helps.