his is a true story of how just about to graduate.
a business angel could have
helped my friend, she was I was watching the local news and
tipped at being a self made my old friend Sarah was the main
millionaire but instead after 3 story. She was being tipped to
years she claimed bankruptcy and become a self made millionaire
gave it all up. I have changed all because of her final year
her name and omitted details of dissertation. She had invested a
the invention to protect her product that was tipped to sell
identity. world wide and make her a
fortune. She had won numerous
I met Sarah on an access course awards and had been asked to
and found her nice but a bit appear on a number of television
bossy and competitive. One day shows including This Morning and
we were talking about going to Living Genius. There was a big
university and she asked me what hipe around her and this new
I planned to do and what she product and she was getting
thought would make her the most investors left right and centre.
money. I had plans to study The university bent over
computer science and suggested backwards to help their star
CAD (computer aided design) would pupil and advised her on what to
probably bring in the most money. do next.
In the end I became pregnant
and my partner and I decided to Around that time unfortunately
start up our own business from for me my relationship had
home. We got a loan from the crumbled and my partner had left
Princes Trust to start us off. me for some cleaner and took the
My friend went on to University business with him, leaving me a
and I didn’t here from her again single parent on benefits. I
until 3 years later when she was tried to get a job but was told
by my local job centre that even to huge I thought for a starting
though I was more qualified than out business. She was renting
the job centre lady interviewing part of the space out as it was
me I would be not be better off so huge and the costs were so
going to work infact worse off. high. I remember thinking then
This made decide to go to that this will fail, she had daft
University. ideas and was not very business
minded. Her husband didn’t seem
After my first year at uni I had to have a clue about anything and
seen my friend on a program and was little help.
thought I must get I back in
touch with her as she seemed to She was going on about a global
be doing so well and I was company that want to buy her
pleased for her. She was a hard product and sell it via their
worker and obviously deserved all outlets around the world, but
this attention and the rewards they want to change the material
from it. I got back in touch and use their name and packaging.
with her through a mutual friend Sarah however wanted to sell her
and I popped round to her new product with her own box and
business premises to see her. packaging and sell to little
She was sat behind a desk with outlets around the county and
all her awards and certificates give the smaller businesses a
behind her on the wall and she chance. Big mistake! That
looked like the cat how had got company would have made her the
the cream, and who could blame millionaire that everyone claimed
her. I was a little envious I she was going to be. Had I been
guess but I thought she had got a her investor or business partner
little two big for her boots and or adviser I would of jumped at
all she talked about was her her that offer. I had already
her. The premises were huge, far thought that I liked the idea of
the product but I too thought it invention and hard work to make a
would sell better if it was a business become successful. I
different material. I daren’t of believe if she had been given the
told her that as this was her right firm advice and ignored all
baby and she would argue the the hype and press surrounding
toss. her she would be that
millionaire. Her invention was
She plodding on for another 18 good, but needed tweaking so as
months or so and things never to make it a global success. She
really took off. She was running should have listened to the
at a loss and there was no sign advice of professionals and
of the millions she thought she looked at her invention as a
would make. After another year business venture not as her
she gave up completely. The precious baby. By turning down a
entire buzz around her and the big contract with a huge global
invention vanished and she was company she lost out. But I
left stressed and feeling a believe if she had the right
failure. backing she could have been a
huge success.
So the moral of this story is it
takes more than just a good
About the Author:
Eman8te is an internet resource small business, start up companies, entrepreneurs, bankers, loan companies, venture capitalists and Business Startup Angel.
Read more articles by:
Carolyn Clayton
Article Source: www.iSnare.com 
