If you dream of being an entrepreneur, you probably have ideas for a start-up or you have already started your very own company. Once you have an idea for a product or business, and you’ve gotten things off the ground, eventually you’re going to need some investors.
You may get to the point where demand requires that you hire a staff, but you don’t really have the cash flow yet. Maybe you need more materials to produce your product, but you haven’t sold enough to support the cost. You may even be at the point where it’s time to mass produce your product – bottom line, it can’t be done without investors. But how do you get it done? How do you land investors? Take a look at this guide to key elements to attract investors.
Getting Your Start-Up Started: Simple Tips for Finding Investors
- Be specific about your business model. Certain investors fund certain types of business. Having a focus is key.
- Target a particular demographic and stick to it.
- Be real about your competition. Face it head on and have a plan to overcome it.
- Focus on a short list of goals. Keep it simple – 3 to 5 manageable goals, tops.
- Do one thing really well. You’ll find success in business when you become known for providing a single solution or providing one product that is totally stellar.
Have you ever been part of a start-up? Got any tips for landing investors?
