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bauss
03-21-2014, 10:47 AM
I've had a few people contact me about investing in my online business, and I've turned them down, because I got my mind set on owning everything. My site is all I got, and I plan on owning it for the rest of my life.

Have you ever turned down anyone that wanted to invest in your business? Why?

Rainman
03-26-2014, 03:27 AM
I've never had someone express interest in being an investor in my business. Should I get such an offer then I'd drive a hard bargain.

An online business would require more than just money to make it successful so unless the investor is willing to work by my side or pay people to work by my side, I'd not take the offer.

Taru
03-26-2014, 03:34 AM
I've never had such an offer, but I have a friend who has experienced the same for his site and he also did turn the offers down for pretty much the same reasons, I think. He says it's mostly because he considers his site a hobby site and does not intend to profit off of it even if it does get a significant amount of traffic. It's important to define your limitations and borders early on, regarding whether or not a venture is a hobby or a business, as it makes decision making down the line a lot easier.

TheBrit
03-26-2014, 08:07 AM
As a general rule there are two reasons why anyone would want to take on a partner(s) for any business. The business is failing and suffering a continual cash flow problem, or it is very successful and the owner wishes to expand. Using a partner bypasses the need for additional cost by way of loans and generally provides an extra pair(s) of hands to take some of the hoped for increased load.

SteakTartare
03-26-2014, 08:44 AM
I can think of an example of that happening in recent years. One person we knew well and was genuinely interested in investing capital in the company. However, we never could get the details worked out and we walked away. There was no hard feelings, it just wasn't going to work.

We also had a guy ask to buy us outright. The offer, though, was an insult and we was sent packing. But that's another story.

pahagwl
03-26-2014, 02:56 PM
I started an online business couple of years back. This business was my brainchild and something which I loved dearly. Within a few years of its incorporation, the business started showing signs of success. And as we all know, people always like to get in on other people's success. And I started getting quite a few calls from potential investors, but this was something which I loved dearly, and I knew that if I involved a partner, I would lose my creative freedom. So, I turned a few calls at that time.

crimsonghost747
03-26-2014, 05:59 PM
If you have no need for capital, then I see no point in getting investors involved. It's that simple really, they have nothing you want so why would you give them something they want?

Kimble
03-27-2014, 09:32 AM
No they have not, however I don't have my own business yet that's why :)
Owning EVERYTHING is good but if you want to grow you'll need capital or some extra hands.
You can get this through others investing in your business or having enough cash and time.
If you do need the extra hands, why not give someone a small share and let them work for you and for themselves at the same time?

DomDom
03-27-2014, 06:29 PM
I think it all comes down to the offer. There are offers that are simply too good to pass up. Remember the old saying, pigs get fat and hogs get slaughtered! Dont be too greedy.

ursell
03-30-2014, 11:46 PM
I agree with was said above. I think it all comes down to the offer. The offer might be to buy you out and it might
be at the right price.

canoe
03-31-2014, 12:37 AM
I once turned down an investor for a small bakery of mine because at the time, I had no plans for my bakery to become a larger chain and wanted to keep the bakery local. I was already satisfied with current profits and had ideas of my own on how to increase profits without having to expand much more. I'm happy with my decision and think that I should have outside investors if I'm actively seeking one.

fredkawig
03-31-2014, 01:40 AM
I've never had the chance to turn down investors because we don't have anyone asking. People who would like to buy as out that I've heard and we've turned them down, since we went through a lot of hardships, court trials for our business.

asif bams
01-08-2019, 01:05 AM
For many small business owners and entrepreneurs, getting offers from investors is a dream come true. Your business gets an influx of cash that you pay for in equity instead of going into debt, giving you the opportunity to expand more quickly with less risk. Even though there are some huge potential benefits from accepting an investment offer, itís not the right choice for every business. Here are a few situations when itís wise to hold off on accepting investments in your business.

speeduser
12-23-2020, 03:13 AM
You must have a pretty good reason why you turned down investors. Otherwise, you must be out of your mind.- Paul Savramis (http://zrylw.com/paul-savramis/)

speeduser
03-23-2021, 12:57 AM
If you have a solid plan, then, it is only right. I am sure that you have the confidence to pull this one through. - Phillip Elden (http://www.phillipeldenblog.com/)

homeocare
04-01-2021, 06:40 AM
Thanks for sharing with us

somnathji
04-01-2021, 07:13 AM
thanks for sharing with us

somnathji
04-01-2021, 07:17 AM
Thanks for sharing with us

raviseo121
04-28-2021, 01:19 AM
thanks for sharing with us

RaniaRanii3
05-03-2021, 12:39 PM
Following quite a while of horrible uncertainty, I turned down a fantasy offer. to nothing, I raised a $1M convertible note from a little gathering of neighborhood private supporters.