So
there you are!
Are
you thinking of starting a business but worried about funding? The good news is
with a little planning you can pitch the investor for your awesome idea of
business. Here are amazing ways to help you win over potential investors:
Have A Real Business: The best way to start is by having a
well structured business plan that lays out every detail of your idea.
Watch Your
Concept: Know your business thoroughly and be prepared
to explain the problems your business solves and its benefits to customers.
Know Your Investors: Investors look for these things: idea
of your business, people behind that idea and answer to the question, how will
I get my money back? And know that these three are mutually exhaustive events!
So you need to get a three for three for these points.
Identify Your Market: Assess the market and potential of
your idea. Take in-depth knowledge of your competitors to perform a competitive
assessment.
Never Cold
Call an Investor: The best way to reach an investor is getting
introduced by someone they do know or through a mutual connection. And if that
doesn’t work connect to them through emails; giving a summary of who you are
and what your business idea is all about.
Follow the 10/20/30 Rule Of PowerPoint: the rule states that your presentation
should only be 10 slides, last no more than 20 minutes and use a font that is at
least 30 points.
Be Captivating: If you are vehement, sincere and
honest, they will notice it. They can spot the typical traits of an
entrepreneur! So beware and show them those traits.
Seek Some Words Of Advice: Investors can already be a founder of
many startups so ask them for advice and prick your ears up for their words.
Be Consequential: Last but not the least; be serious and
show that you are operating so that you can prove that ‘dogs are already eating
the food’. Trust me it works!
So
what are you waiting for? You are starting a business dude! Go ahead and get
your funding!!
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