Entrepreneurs looking for investor funding often fail to realize that all money comes with strings. For example, if you have watched the Shark Tank TV series, you probably noticed that the Sharks always ask the entrepreneurs for their intended “use of funds.” Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed.



Comments


Written by lyceum
756 days ago

Marty: Thanks for answer the question on how to use and investors money.

It looks like small business start-up companies have a big challenge to get the money from investors, if you can't answer the question on how you will spend it.

Do you have good answers from entrepreneurs at Shark Tank?



Log in to comment or register here.

This Could Be One of the Most Underestimated Employee Benefits

What's more important than salaries at your small business? Small business owners and entrepreneurs sometimes believe they …
Subscribe

Woo-hoo! Contributor of the Week: Peter Masters

If you want to know how becoming a contributing member of BizSugar.com and a member of our BizSugar community on … More
Editor's Picks


Did you know you can now post video on BizSugar?
Have you tried BizSugar's new video posting feature?
Post your small business video to BizSugar today!
It's time to up your game with video on BizSugar!