Homeowners who want to raise money for home improvements, buying a car or other purposes often find that a remortgage to raise money is cheaper than taking out a personal loan or using credit cards. This is because interest rates on mortgages are amongst lowest of all different types of loans. Homeowners may wish to raise money to consolidate other debts. By taking advantage of remortgaging your property you could transfer several debts into one more easily manageable remortgage. This means you can replace credit card bills, personal loans and other loans with one lower interest rate remortgage and spread lower payments over a longer period. It is important to note that there are costs attached to remortgaging such as redemption penalties. These need to be taken into account when you are considering a remortgage. It is however worth bearing in mind that often benefits of remortgaging can outweigh costs involved.

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Most startup companies fail. In concise terms, business plan should tell you why Management Team believes that they will beat these odds? If answer to this question requires detailed knowledge of a specific industry, someone not involved with company, but with years of experience in industry, should be asked to evaluate Management Team's rationale.

A past employer of mine taught that if you find one lie, there are ten. If your review of business plan uncovers one serious misstatement of a material fact, you shouldn't invest. There are other lies in business plan and even if one found is corrected, others will destroy company's chance at business success.

Limiting Risk

Assuming that business plan withstands your Due Diligence review, you should ask yourself how will you limit your risk in this venture? The lack of a safety net is one of major reasons that angels are becoming extinct. There is no reason to lose all of your money in a venture that proves unworkable.

Anyone who regularly evaluates business plans for angels and other investors can offer you their safety net strategy. I have mine. Other investment consultants use other strategies. If you intend to use a consultant to evaluate business plans, you should ask them about their safety net formula at an initial consultation with them. If their formula will work for you, hire consultant and let them worry about truth of business plan. By way, a good business consultant should have an arsenal of strategies that will enhance your success and limit your losses.

Insurance

Consultants charge for their work. This fact can be your first line of defense against hordes of swindlers and flakes seeking business investment. I advise my clients to make this simple deal with entrepreneur seeking funding. "If my advisor gives your business plan a clean bill of health, I'll pay for review. If there is a material misstatement of fact in your business plan, you'll pay for review. So, please remit your business plan with a check to me that covers my business plan review costs." If entrepreneur declines to risk paying for a review, ninety nine times out of one hundred, they know their business plan is fiction.

To contact author, email Beowulfinvestments@Earthlink.net