Finding Investors for a Start Up Business Owner
Securing investment from business angels or other sources of investment that offer not just financial support, but business support from individual’s who have been there and done it in terms of starting a business, is important to many start up businesses in order to thrive.
Find Someone With Experience of Your Industry – Having advice and guidance from someone who has already been successful in your industry can make a big difference to your success. Not only will they have the knowledge and skills, they will also have other contacts for potential suppliers and investors.
Devise a Detailed Strategy and Pitch – Put together a strict dossier of potential costs and a thorough business plan. Once you have this information, make sure you know it off by heart and put together a pitch that is specific to the person you are talking to about investment.
Prepare for the Chase – A potential investor is unlikely to chase you once you’ve left what felt like a successful pitch. Be prepared to chase and to negotiate long and hard before securing funding, you’ll be expected to pay towards due diligence and any negotiation over intellectual property rights and business angel fees.
If you are a small business owner looking for some funding for an idea to start a company, it can be a very daunting proposition. To find out more about how First4Commercial can help you secure funding that will make a huge difference to your chances of success, please give us a call today and our experts will be happy to help.