Monday, April 14, 2008

Do You Need Venture Capital For Your Business?

If you do not have the initial funding to get your business off the ground then chances are you need some type of additional funding and more than likely it will be venture capital.

I have come across a website that provides venture capital for your business. The website is Most start up businesses need some type of capital to get up and running but they just don't know where or how to go about attaining those particular sources of fund. If you are a start up then Nea will help you by helping to build your great organization from the ground up and continuing on with every single stage of your organization.

What's significant is that NEA will help your business not only through the beginning stages but the later stages as well. Therefore if your company has more than it's share of risks in terms of market, technology, and managment teams, you have huge growth potential then they will also assist you in these endeavors.

To qualify for help from NEA your expertise or focus must be in two areas and they are information technology and Healthcare. These are the industries upon which they have superior knowledge and experience.

If you are looking to receive assistance from NEA you have to meet certain qualifications such as a very unique product or service. Your products cannot be the standard run of the mill . Perhaps you have a process that is truly remarkable and unusual. Also note that your product should help customers or clients satisfy some basic needs . Does it bring about some process improvements in regards to how people work. In other words does it make them more efficient and effective in terms of doing a particular job, task, or duty.

Your product should have the ability to help people in regards to the way they live and play. Does it help them live a more effective life? Does it help people with the way they have fun? Is it contributing to their well being as they pursue recreational activities.

Another thing to note is NEA is more likely to be attracted to your organization if it is well run in terms of the management. It's in your best interest to seek out the best talent you can possibly find as a member of your organization. You want the best talent, in other words those that are sound in their thinking and those that have solid management experience, along with the ability to develop some great ideas and also have the ability to develop a vision for your company.

There is a certain amount of counseling and advising that NEA will provide. Your organization has to have the ability to accept sound counsel and judgment in order to achieve the desired results. Are you open to new ideas and new thinking and new ways of doing things?

Before you even get started you want to make sure you have a product that truly satisfies a need. There have been so many companies that develop a product only to find that there is no market for that particular item. In other words they did not do their market research.

When you start talking about products and services and competition one of the key ingredients you want to examine is market share. Do you have the ability to capture a huge portion of the market from your competitors later on down the line? Can you capture and control a market? Have you found a hungry crowd for your product or service? If so NEA will help you feed them.

Also you don't want to just concentrate on market share you want to concentrate on demand. You need some repeat customers to keep your business up and running. Is this likely to happen for you?

If you business meets these requirements then it's a safe bet that you may be able to receive assistance, guidance and support from NEA.

To Your Great Success

Mel Richardson

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