You've been busy during the last few months thinking and talking about your business, and one fact is clear: You'll need more money than you and your friends and family can invest to make this business successful. So, it's time to reach out to prospective investors, right? Wrong.
Unfortunately, most entrepreneurs move too quickly into fund raising without properly preparing themselves. As a result, their funding "pitches" are unsuccessful and frustrating. Further complicating their situation is the fact that most investors will give entrepreneurs only one chance to present their case. Entrepreneurs who fail to make a strong first impression will find these investors unwilling to meet with them again.
Consequently, you are strongly encouraged to engage in a disciplined and rigorous business planning process before approaching prospective investors.
After properly planning the business, you will be ready to approach seed and early stage investors. Specifically, "angel" investors and seed or early stage funds provide emerging businesses with the capital that allows them to develop. Seed and early stage capital is often used to build the venture’s first full-time management team, develop the busines’ first saleable product, obtain the venture's first customer, and demonstrate that the business is very likely to be profitable. The sections that follow will help you to assess whether your business is right and ready for angels and seed funds.
For more information about Seed and early stage Capital please click on the
link title below:
If you need more information about start-up capital you will
find a very informative website at Gathering of Angels.
Seed and early stage Capital | start-up capital | first round financing | small business financing | business startup | angel investors | business management |