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But if you're looking for investors for your business, such as angelinvestors or venture capital investors, lower interest rates could start to drive more money out of lower-yielding cash accounts, and motivate more investors to take chances on companies like yours.
I certainly would have wanted to be an angelinvestor in Thrillist at the time. You don''t want to tell investors you''re trying to get this person and then have to tell them you failed. Hiring a consultant who always intends to be a consultant isn''t a failure. Nice, tight story that makes sense.
More appetite for risk from investors As part of the overall "easy money" effect of Fed interest rate cuts, some small businesses might have an easier time raising money from investors. Lower interest rates can motivate big companies to start spending on new equipment, facilities, and long-delayed consulting projects.
But most small businesses don't require millions from angelinvestors. If pricing really feels like a stumbling block, consider offering a short-term price reduction, like a discounted first service or a free consultation. Think about how you can start small and build over time.
Who should you consult? Consulting with a legal expert can help you navigate these complexities and sell your 50% share in the business confidently and legally. While co-owners might offer a smoother transition, external investors could inject new capital or ideas into the business, potentially driving growth.
Deidre talks to angelinvestor and author Bill Raduchel about how tech has changed over the past six decades. I caught up with Angelinvestor and author Bill Raduchel about the past six decades in tech, messing with the laws of physics, and the difference between Apple and Xerox. Steel over time.
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