25/10/2010
This lecture was given by Cameron Thompson, and was primarily about how to go about finding the capitol to start a business, and the various different ways to acquire funding, those being;
• Family
• Banks
• The public sector
• Venture capitalists
He explained that each of these, explaining the benefits of each, and while I currently have no intentions of going into business myself, the information on how to obtain funding should I change my plans is useful to have.
The business plan is another aspect he focused on, stating that depending on which kind of funding that we would be applying for, the plan would be more or less important. If applying from a bank, it would be much more important than if trying to attract the interest of a venture capitalist, and that either way the document shouldn’t read like an academic paper, as its purpose is to explain the goal for the company, without confusing the reader, so less technical language should be used.
He also re-confirmed that appearance in an interview is very important, that being clean shaven and well presented in an interview always looks better than the alternative, since I’ve always been advised that going to an interview overdressed is a preferable option to under dressing, this is information I have had reinforced.
As I said previously, starting a business is not currently part of my plans for when I finish my degree, but the information is still useful to have should I ever need it.
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