Currently Empty: $0.00
- Description
- Curriculum
- FAQ
- Reviews
Welcome to private money prep school where you will learn the secrets of successfully raising private money for you business or real estate deal.
My name is Professor Richard Odessey, and I’ll be leading you through the course. I am an entrepreneur that started my own business and successfully raised capital and I am also an investor in businesses and real estate. So, I’ve been where you are and I’ve been where your investors are.
When it came to funding my deals, I had a very expensive education in the school of hard knocks, before I figured out the secrets of raising capital from private investors.
Over the course of the last few years I’ve worked on over 100 private money deals. And now, I help business owners in a wide variety of industries from renewable energy to real estate to raise the capital they need. And I know I can help you too.
I’ve designed this course specifically for business owners, real estate entrepreneurs, and those wishing to start a business, and need capital to reach their goals.
At the end of this course you will understand the little known secrets of how private money works, and you will be able to structure your funding by offering private investors what they want, provide the information that will get their attention, and avoid the pitfalls that will turn them away.
I will walk you through this process step by step. And through the tools and checklists you will be provided in the course, you will be able to create a blueprint for raising private money that is specific to your particular business or project.
I look forward to seeing you in class and working with you to get the financing you need.
Who are Your Investors
What Investors Want
-
5Stay Away From Banks
Why you shouldn't waste your time with Banks
-
6The Advantages of Private Money
Why Private Money is the preferred choice for start up and growth capital
-
7Income Rich vs Asset Rich
Who are the real wealthy that invest in business? Things aren't always what they appear to be
-
8Where to Find the Right Investors
Defining who the investors are that you need to look for to fund your business
Defining Sources of Investment Risk
-
9How Investors think about Risk
The art of putting yourself in your investor's shoes
-
10A Clear Path to Exit
Understanding the difference between an exit for the investor vs. the entrepreneur
-
11Terms of Investment (ROI)
How to be Flexible and Creative in setting the terms of investment that will satisfy your investor
-
12Investor criteria
With so many possibilities for creating an ROI, it should be possible to find mutually agreeable terms.
-
13Investment Fees
Underwriting fees - whether & how much you should pay. Be Prepared: What investors need for due diligence.
Setting Your Business Valuation
-
14Business valuation
Valuing your business for Equity Investments
-
15Asset Acquisition
How investors view the acquisition of major assets by the company
-
16Closing Costs
Finder's and brokers fees. When they should be paid, legal considerations, and investor perceptions.
-
17Customer Acquisition and Retention
Beating the competition and acquiring customers at a profit
-
18Personnel
Investor perceived risks of employees
-
19Operations
Operational costs and "burn rate" concerns of investors
-
20External Factors
External factors can have a major impact on your business so it is important you address them with investors
Analyzing Your Business Risk -Asset Acquisition
-
21Asset Based Value
how should you set the price of a share or value of a percentage of ownership? - Asset based Valuation
-
22Pre-Revenue Valuations
How to set the value of an equity investment in a start-up or pre-revenue company
-
23Using the Valuation-Investor ROI Calculator
Demonstration video on using the Investor ROI Calculator to determine the value of an investment
Analyzing Your Business Risk -Closing Costs
-
24Evaluating Real Property
How to accurately calculate the value of Real Estate. Bonus: the best way to do "comps"
-
25Evaluating Hard Assets
-
26Evaluating Equipment
-
27Evaluating Inventory
If you are a tangible product based business, you probably have to deal with the issue of inventory.
Inventory is a double edged sword. On the one hand, having lots of inventory ties up capital, and could choke the life blood out of a business. On the other hand, a business needs some inventory to fulfill customer orders in a timely manner
-
28Are you paying too much?
The most important thing for a business is Cash. Buy LOW if you want to survive.
Analyzing Your Business Risk -Acquiring and Retaining Customers
Dealing with Personnel Risks
-
30Always focus on the Customer
Customers (people or entities which create revenue for a business) are the business' sustenance. A company without customers (or enough customers), will expire quickly. Investors don't like that kind of investment :).
-
31Crowd Funding
What is Crowd Funding. Who can use crowd funding both to raise capital and prove marketability
-
32E-Commerce
Every business, even brick and mortar businesses need to have an online presence. And I mean not just a token website, but a functioning and effective site for selling the business' goods and services. Without this, any investor that reviews your offering is going to think you are an outmoded dinosaur. And he or she will be highly dis-incentivized to invest. Even in real estate, successful businesses have a website to attract and manage buyers, sellers, brokers, etc
-
33Who is your competition
Defining your competition too narrowly to make your product or service stand out is a good way to lose the confidence and respect of an investor. Because it delivers the message "I don't really know my market." We discuss how to define and research your competition
-
34Increasing Customer Value
How to create and improve a marketing plan that will satisfy investors.
-
35Reducing Marketing Costs
Don't. marketing is a revenue producing activity, and the amount spent should be based on ROI.
-
36Can you Make a Big Profit?
Big Profits are what attracts investors. They don't want a little extra income, they want a windfall.
Analyzing Your Business Risk -Capital Costs and Expenses
-
37Building a Team
"I'd rather invest in a great team with a mediocre idea, than a mediocre team with a great idea." - so here's how to build a great team.
-
38Expertise - what you need vs what you have
The successful operation of every business requires expertise. How to acquire what you don't have.
-
39Board of Advisors
A big benefit for companies and investors
-
40Experience - What you need vs What you have
-
41Character
The integrity and character of you and your team can make or break a deal
-
42"Skin in the Game"
Why most investors require this
Analyzing Your Business Risk -Effect of External Factors
-
43Know your numbers
Knowing and understanding in great detail, the financial aspects of your business is a key factor in establishing credibility with an investor. One strike and you're out.
-
44Hiring vs Outsourcing
Employees are EXPENSIVE. Investors know this, and are very skeptical of plans that include the hiring of paid employees before there is revenue to pay them. Here's how to deal with this.
-
45Managing Expenses
Considering that most young companies have a burn rate that is draining them of their financial life blood, a.k.a. their investor's money, managing expenses is a mission critical activity. Here's how to deal this this.
-
46Tracking Finances
Track every expense and dollar of revenue from day 1. Here's how to do this without being overwhelmed.
Clear Path to Exit -Your Timeline
-
47Importance of Market Research - local factors
If you are a brick and mortar business, or a real estate based business, or you picking an area to test out a marketing campaign, knowledge of the local market is crucial to your successful. Here's what you should do.
-
48Market research - Industry factors
-
49Market Research - Economic and other factors
The world we live in is very interconnected. It is not unusual for events half a globe away to impact your business. Investors are aware of this and you must be too
-
50Managing the Future
Nobody has a crystal ball. However, all investors want to see your projections (best guess) of how your business or project will fare for at least until the investor can exit the investment with his/her return of capital and profit. How to be clear and accurate about your assumptions.
And how to create your pro forma. Downloadable spreadsheets to help you.
Where to Go From Here
-
51Timeline
Well one of the most important of those concerns is "WHEN" is your investor going to get his money back. A key part of your exit strategy should be getting the investor paid off as soon as possible. Here's how to plan it.
-
52Use the Acronym "STREAM"
A catchy little mnemonic device when setting up milestones.
-
53The importance of Wiggle Room
-
54Know Your End Game
Make sure you are prepared for the exit event. Here's what it takes to go through an IPO or acquisition
-
55Effect of Timing on ROI
ROI is return on investment over a specific time period. For equity investments this can be a big advantage for the investor. We show you how.
-
56Plan B
There are times and circumstances when the original plan cannot be carried out. Well, it's time to implement Plan B. Here's how.
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
Stars 5
40
Stars 4
24
Stars 3
11
Stars 2
1
Stars 1
0