Business Development · Business planning

How to find the right Investor/Partner?

taryn logan Looking for someone to help expand the possibility of Luxury Barista Entertainment.

Last updated on September 13th, 2019

I am currently looking for some one interested in expanding the idea of professionalism within the barista and entertainment industry combination.

Ryan Farber I'm an individual looking to build some cool stuff

Last updated on September 16th, 2019

I am confused on if you want an answer to your question or are you posting to find an investor?

Could you shed some light on this for us? I feel we might be able to better answer your question if we had some clarity.

Hey Tony those were some great questions to help bring some clarity to the idea. Doing a little workshop is always fun!

Barry Resnik Strong business acumen built on innovation and finding divergent paths for growth.

June 21st, 2021

As things start opening up you should go to entrepreneurial meet-ups. Expand your network and meet more people in your industry. There is a lot to be said for who you know.

David M

Last updated on June 19th, 2021

What does your business plan say? Have you worked through an opportunity evaluation? Here is the thing about entrepreneurship, as is evident by all of the responses... if you don't know where you are going...everyone else will tell you where THEY think you should go. And that is fine if you truly want to wander aimlessly or let other people steer your path. But at that point, are you really wanting to be an entrepreneur and build something or are you just a good idea person that seeks someone else to do the building. But if you go the second route, fair warning the reigns will quickly be taken from you. Nothing wrong with being an innovator but not being an entrepreneur (something many often confuse). As someone alluded to....what do you mean by "expand the idea." The better post might be "I am looking for a "co-founder" to help me expand the idea of....I do not presently have a business plan. This is at the idea stage, so I am hoping to align with someone with a similar interest in building a company around this idea. " Or, "I have a well thought out business plan. I am looking for potential cofounders who can support my vision for this startup."

Tony B All knowledge is self knowledge. Keep learning. Stay hungry.

September 14th, 2019

Now this would be a fun one to try and workshop a little here. Let's see if we can get some interesting contributions from the community and kick this off with some discovery questions.

// Assuming you are currently or soon to be a Barista; What do you think is underappreciated or often overlooked in your craft? (Luxury immediately rules out necessity, so we need to begin looking for ways to define either overt or perceived value. There is not right or wrong answer so just do your best to elaborate)

// Was there an initial eureka moment or driving factor that led you to explore "Luxury" as an adjective for Barista? (It could be either something you experienced or want to experience, discovered or something someone else witnessed and told you about? Trying to understand what motivates an idea or concept of an idea can open up some creative or simple avenues to explore.)

Let's start here and see what else comes up. I may post a few more, but let's see what other responses come in.

Brendan LaCorte Sales and Marketing founder working on a startup now looking for an experienced web developer.

September 16th, 2019

Hey I like where your headed with this. Can you expand on your idea and thinking? Luxury, Barista, and entertainment make me think of an upscale Starbucks at a concert. What does it mean to you?

If you are looking to find investors you should make sure you have your entire idea and business plan laid out before you talk with anyone. Anyone willing to invest is going to want to know how they are going to make their money back plus interest. I created a pitch deck and adjust it as necessary.

Willie Hill 2 X finance, 1X streaming platforms

June 18th, 2021

Hi Taryn,

To find the right investor/Partner, for your idea, you would need customers already giving you money, to buy what your selling.

Build a business model canvas and look at all the attributes, where you are currently sitting, no one is going to give you money, because it is just an idea and has no legs/customers giving you money.

Your options

Look for possible joint venture partner? Look for option beside Barista?

You have the right mind set, asking the wrong question and the right question is will people pay me money for this product/service?

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June 13th, 2021

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