Require an increase of cash to develop your company? Whether you are intending to expand your products line, purchase equipment, hire additional staff, or explore worldwide markets, investors will help you turn how well you see into reality. Here’s how to locate and attract them:
1. Possess a solid strategic business plan in position – Before approaching banks or investors for the money, make a detailed five-year strategic business plan. It ought to clearly condition your growth plans and financial projections, together with how much cash you’ll need and why. Other key components of the strategic business plan include: the management team as well as their experience associated with the company, researching the market, and also the size/proportions of the chance.
2. Decide who to approach – Make a list of individuals, banks, investment capital firms, private investors, major corporations, and government departments and programs. Have no idea how to start? Conduct online investigation. Even better, network with people you’re friends with-including lawyers, accountants, work associates, associations yet others-who might be able to hook you up to potential investors.
3. Polish your pitch – Make a professional presentation that explains your company, your planned road to success, your financial projections, as well as your marketing strategy.
4. Book face-to-face time – Talk with potential investors to provide your pitch. Have confidence. Know what you would like from their store and just what you are offering in exchange.