you really grabbed my attention, that s the key for any elevator pitch. walking in with that, i see what you re offering. and it is amazing. but that said, i think you want to be more specific about your target market. it could appeal to a lot of people, but i want to hear a little more about who you are really going after. it helps to say the market and how you are getting there and using the proceeds to get there. did she say enough to get you interested or needed that much more i m definitely interested. well, fantastic. good job, thank you so much for coming on the program. good luck with your product. thank you, guys, for all your advice today. if you have a product or service and want feedback from the elevator pitch panel on your chances of getting interested investors, just send us an e-mail. the address is yourbusiness@msnbc.com. please include a short summary of what your company does, how much money you want to raise and what you intend to do with the money. so
Coworkers and have a trust level with their coworkers, then they do good work, and, in fact, earn money. this is one of rpd s crews, a small group that works together on projects. today they are on a team-building retreat to develop communication skills and trust. that s something that is priceless, because when you get a team functioning and communicating, the sky is the limit. they can do anything above their potential. rpd works with linda zarella of lighthouse institute. you will see increased trust, people will enjoy their job more. when we enjoy or job more we do tend to give more in the process. i think you guys are relying a little too much on the rope and not enough on each other. the company has been able to cultivate leaders from within. outside of the team building they actually had us, the management, go to a leadership
Were in the que. they got a billion worth of funding in the last week. so we are really acting on this and getting it out into small businesses hands. i ve talked to a lot of bankers, and we have had this conversation, too. certainly there are banks out there who want higher guarantees that need more money to lend. there are other bankers saying, we are getting applicants and we have money, but we can t get these through because of regulatory issues or because we are just not seeing good enough applican applicants. how does this help them or does it? this does help them. we have small businesses all around the country that are growing, that do have the ability, maybe with a little help from our guarantees to get those bank loans, and to pay them back over time. they need the capital right now because they want to take the next order. we had a small business call us from southern california, and they said, finally, i can go to this stack of resumés on my desk. and i can go through
Trademark at a website at gyminashoe.com. we are asking for a mall million in investment and 20% of the company. thank you, maureen. what are you going to do with the money? advertising and promotion. marketing. how did she do in the pitch? it was a great pitch. as a professional i see a need in demand for this. i also see an opportunity that maybe you haven t looked at yet beyond taking the money for advertising and marketing, you can also go to the different types of organizations, like you just said, diabetes is a huge foundation that you can go to and get them to buy into these products and partner with them. so maybe you ll needless capital if you just do some of those bigger bulk types of introductions into the industry. you can go to the infomercial route which is really important. before you start giving advice, did you think she gave you enough in the pitch to take another meeting? i do, absolutely, yes. what about you, maureen?
Your business questions. jen and maureen are back with us again. the first one is about when to approach a venture capital firm. we are a very small company. we have significant revenues, but what is the right time for us to approach adventure capital firm, for example, if we wanted to take our company from an $80 million company to an $800 million company? when you first see growth slowing down and you have the cash flow. i think the thing is to get a couple venture capitalists on your board of directors that can guide you because they are going to be able to stand back and watch. you don t want to do it too soon or too late. i think to get the expertise advice in that is smart, but if you have them on your board, they will help in your negotiation once you go to that place. i think a question to ask yourself, too, is do you want venture capital money because then you are getting somebody on your board who is going to be in your business?