Choosing The Perfect Business To Finance
Red Stories
Sep 19th 2022

Choosing The Perfect Business To Finance


When someone walks up to you with a business idea, it is good to give them an audience when you can afford to and carefully consider what they are proposing to determine if it is something worth putting your money into. And while there is always a desire to support the person, perhaps because of your relationship with them, as a businessperson, your key question is "can this make me money?"

But that’s not the final check. Honestly, there are a good number of business ideas that can make you money; should you jump on every single one of them? No, of course. Financing a business is a major investment, and as with all investments, some prerequisites must be met/addressed before putting your money in. Here are 10 of them.

  1. A business plan backed with data
  2. Competence of the management  
  3. The business model
  4. The business continuity plan
  5. Uniqueness of product
  6. Market viability
  7. Competition
  8. Risk factors
  9. Operation costs
  10. Profitability


The caution is that there are a million good ideas out there; whatever you decide should be something that resonates with you. If you don't know anything about the business, get educated on it. Ignorance is a priced tool in the face of greed. Don't get cheated out of your investment. 

Also, always research and verify the authenticity of the data and facts presented. Don't invest in a sandcastle.

Share this article:

Go live in 30 minutes or less!

Integrate seamlessly with our test environment. No real money required. Keep it for when it really matters.
  1. 1

    Create account

    First things first: tell us about you and your business and how we can reach you.

    Create one now Icon
  2. 2

    Undergo KYC

    Upload your business documents and other neccessary information to enable us know more about you and your business.

  3. 3

    Go live

    Power your business from start to finish with our wide range of API resources.

    Contact [email protected] if you need help in integrating Redbiller into your web or mobile app.