Starting a New Business requires investment. Sometimes this Investment is not a problem, because most of the Entrepreneurs think of only those Business Ideas which are affordable by their pocket. However in some cases, you may find yourself thinking about an Amazing Business Idea, but deep down you know that it is out of your domain, either because of money or skills. Any way, Entrepreneurs seek investment by their family members if the Amount is not a very big deal. But if the Idea requires huge investment, then Entrepreneurs have no other option except to deal with Investors. So you should have basic knowledge about How to Deal with Investors and convince them. Getting Funded by Investors is obviously not easy, but these tips can be helpful.
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GO WITH A COMPLETE BUSINESS PLAN
Most of the Student Entrepreneurs are not mature enough to Understand the Business World. They simply have a meeting with investors and totally rely on their Dream Story. However Practical Investors will never throw their money at some Kid who himself has no Business Plan yet, and is just talking about doing Miracles. So before visiting your Investor, prepare a Business Plan. It should have all Reports and Research analysis. You should have Feasibility Report with you. Showing them the whole Work-Flow will convince them about your seriousness.
BE WELL DRESSED
Do not look childish, and not even talk like that. Work on your Business Communication Skills. You will have to look, talk and behave like a Business Person in that meeting. Also you should have basic knowledge about Business Terminologies. For example your Investor asks you about your Mission Statement, and you have no idea about what is a Mission Statement. This will be a really Bad Impression.
SHOW YOUR ENERGY
You will have to Express your Spark. You will have to demonstrate your personality and strengths. This way your Investor will know that this guy is really serious about making his idea successful. On the other hand, if you will yourself be confused about whether to start the business or not, then your Investor will never give you a coin. If you believe in the success of your idea, and has passion for it, only then your Investor will feel satisfied.
To Summarize, whoever is your Investor, you will have to make your idea and yourself presentable. You cannot just talk and convince someone to give you money. You should have a Solid Business Plan. Your eyes should show you Passion you have about your Business proposal. And all this is only possible, if you truly believe in yourself.
If you have any other ideas about Getting Funded by Investors, do Share them with us. You can post comments to add more informative value to this subject. Your Input is Much Appreciated.
Related Article : Survival Strategies for Struggling Entrepreneurs
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