New Business Plan

I have only been here for a month, but I am really enjoying my time here. I have teamed up with a seasoned SLer, and we have put together a business plan to open a new entertainment SIM, but we are looking for investors. The return on the investment is very lucrative, but I don't have the experience in finding a place to go to locate individual, of a group of investors. My partner speaks limited English, but she is very well connected here. I have a strong business background in RL, so we feel strongly our partnership will be successful. Any suggestions? I will have the business plan available, if anyone is interested, we are looking to raise 100,000 $(L)... Thanks

You will have a hard time to find investors, use your own cash instead of asking money you don't have , if you believe your venture will succeed it should be no problem.

Don't tell me you can't invest 370$ in your own project?
If you have a strong business background as you say i do not see why you couldn't fund it yourself.

Plus, contracting debts is never a good idea.

Define "seasoned" and "well connected". When i think "well connected", i imagine someone that can either have "anything" scripted or animated and made for free, or tap a friend for 60k to 100k at a moments notice.

If you have a strong business background then surely you have created a business proposal before? Something that can better explain what your intent is besides "we feel strongly our partnership will be successful".

Here is a vital suggestion. Before you put any time and money into a large project with a partner, get a real contract. Only one person's name can be on the line for owning a sim. That person will have absolute control, and the other partner will be at their whim. Without a contract, one of you could lose it all over even the silliest of misunderstandings. There have been similar stories posted in here all the time, and you will not be immune to that possibility.

Thanks for your suggestions, I do have a Business Plan available, and will forward to parties that are interested in participating.

If your business plan has a real chance of making money in Second Life- and you have a method of assuring that my money will not go into a black hole- send it to me and I'll consider it.

In fact, I would even consider investing in an interesting scheme that is high risk- if there is a way of guaranteeing my money won't go into a black hole.

The fact that you've only been here a month is a signficant red flag to overcome, though.

A business proposal is available? Throw one my direction.

We are in the final stages of completing the plan, all that's left are cash flow expectations for the first year, which outlines investment options. I will have to explore the potential contractual obligations here on SL that investors may require prior to an agreement, and we would like to meet each inveator to discuss the opportunity.

Your entertainment sim isn't a theme park that looks suspiciously like Disneyland, is it?

ROFL

You could try camping at 1L/20 mins. It's better than begging.

The thing is, if you can't afford a sim between you, you simply can't do it. Nobody is going to put their money into the loss-making venture of a pair of strangers. Alternatively, you couuld tap into your partner's well-connectedness and she can cadge the money.

I am curious as to why you can't raise around $400 USD for your project......now if you needed $4000 i could well understand why you'd need further investors. I don't get a good feeling for ROI here......or anything worthwhile.

so which is it? you have a business plan available (implying it is ready, done and available)

or you do not have one done yet, still working on it and will send it when it is done?

Must be a Congressman

LOL lookout here I come camera in hand to take pics of Mickey..er...MIKEY Mouse!

I've done a few business plans in the past for start ups, IRL you gotta do 3 years cash flow projection. Damned hard work right there.

Well, I don't have money to invest but I'm racking my brain trying to think of what type of entertainment could POSSIBLY bring in the kind of L's you seem to be talking about. Even live musicians on SL don't earn much more than tips.

Well, I can think of one kind of entertainment I guess I think the Jumpman's got one up on you tho.

Some live musicians only work for tips, but many charge a fee, anywhere from 1k to as much as 15k for the best of the best. The average is probably 4-5k.

I stand corrected but we still are not talking about a huge amount of money, are we?

I agree with the general sentiment that if you and your seasoned partner can't scare up 400 USD and need other investors, something is not quite right. I don't know what kind of entertainment could be so lucrative that doesn't require at least a full sim (and not a homestead) to get maximum performance and maximum avatars in one place. You do realize that homesteads are limited to 20 avatars and cannot contain clubs or extremely busy stores, right?

The best piece of advice given up to this point has been for you to get a rl contract between you and your partner, in the event that things go sour. However, it sounds as if you're doing business with someone in another country, which may make that a fruitless endeavor. I sincerely doubt that you would try to sue someone in another country for 400 USD.

There are red flags all over this.

Per hour? Generally, no, it's not a lot of money, not according to RL scales. But in SL, 5k or more for an hour (and that is typical for those who charge) is GREAT business, and few people make that kind of money if they need to own land and upload textures.

Oh I know, and I agree, but I was thinking along the lines of wow, a business plan and a search for investors, must be some big money making scheme

I think its pron or escorts or both lol

Well for a start escorts are a dime a dozen in SL and very few make much ( waits for the attack of escorts saying they make a fortune ) but on the original topic, If i had a sure thing I think I would approach friends and or family to help even it it meant asking them to come to SL. I would not be begging strangers for money.

But the most important thing i really want to know thought is does it come wit free stake knives ?

LMAO

Yeah but you can see his mickey on a webcam!

Are they the convenient way of impaling vamps now?

Dan the notevendeadyet Man

I wonder if this wonderful idea has anything to do with setting up another stock market? Bank? Casino? No one has ever thought of that, right?