July 26, 2010
Are you looking for business investors? You are not the only one, but you may be the successful one. Searching for a person or organization to invest in your work is not the easiest thing in the world. You cannot just ask money from anywhere. Firstly they won’t give it to you unless you have a solid plan of action and you can demonstrate your product or services has customer traction and secondly you have to realize that the relationship between the entrepreneur and the investor is a long-term one so each one must choose wisely.
There are more than 4500 investment firms you can choose from right now and they may all be a good match, but if you want a really good match and increase your chances of success you would have to select the one who is close to you area and identify the business partner from that firm who has invested and worked in the business field you are in. This type of venture capitalist will understand better, what your company is about and if he feels he can add value he will be more willing to invest. You just have to inspire him so he can convince his partners to invest in your company. If contacting him by phone or email doesn’t work try to find a common acquaintance who can introduce you to him. This will give you the time to see if your elevator pitch is really that good.
After you get funded work closely with your new partner, as he will do it’s best to help you gain more customers and improve your services. Only about a quarter of the companies the venture capitalists invest in are highly successful and this is usually because of the manager or market conditions.
Only smart entrepreneurs who get all the steps right get the funding they need. Be the smart one, build a strong investor database and get funded quickly.