Business Plan Disclosure
Would you give your business plan to 18 investors you don’t know?
local community group has program with 18 members volunteering their time, that will review my business plan and if interested invite me to present it. If they accept, I get a 1 year loan that I do not have to pay back for at least 1 year.
Problem is the nature of my idea is very niche oriented and is relies heavily on strategic marketing / branding / pr initiatives – with no patents just a trademark.
I’ve asked for non-disclosures or a list of names / descriptions – program organizer is unwilling to do it as she says
” these ppl volunteer their time , they do not want their names published.. these are successful / respectful ppl ”
My only concern is – how do i know they’re not my direct competition, or if there is 1 bad apple..
what do you guys think?
Don’t do it!
The program organizer is off her head if she thinks that them being successful/respectful people offers you one ounce of protection in the business world. This sounds like a truly amateur arrangement. Any real business person should be completely OK with signing a non-disclosure, as they are everyday documents in business. Why would these people be so concerned about their identities being revealed? None of this makes any sense.
I suggest you avoid this organization and seek alternative funding sources.
[Waiting for the Thunderbird Flu] ~ Trumping Foreclosure With Disclosure Walk-Through
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