TOP TIPS TO GETTING INVESTMENT
So, you have a business that needs financing, but you’re not too sure where to start. Here are a few tips on how to find and secure investment for your business, no matter what it may be.
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KNOW YOUR BUSINESS INSIDE OUT
It may sound obvious, but knowing all the ins and outs of your business is essential if you want to secure investment. Make sure that you’re completely clear about your product or service, the market as a whole, the niche that your business occupies, and most importantly, the finances. Investors won’t look twice at your company if you aren’t up to speed with the figures – they can’t invest in something they don’t trust.
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MAKE YOUR BUSINESS PLAN EXCEPTIONAL
It’s all very well to know your business, but if you can’t portray that to potential investors then you won’t get funding. Your business plan needs to stand out from the crowd – investors see so many of these that yours really needs to be exceptional to get a look-in. Make sure that your business offers something that others don’t, be it a competitive edge or exciting new product, and show your passion when making the pitch. Investors want to work with people who love what they’re doing and are motivated to make it a success.
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MAKE SURE YOUR BUSINESS HAS POTENTIAL
For a business to be a viable investment opportunity, it has to have potential for growth. High-growth businesses are the only ones that private investors will consider as they offer the most potential for growth, profit and as a result, return on their money.
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LOOK FOR INVESTMENT IN THE RIGHT PLACES
You’re never going to raise capital if you don’t know where to look. Do your research – consult the internet, experts, even family and friends for recommendations. A good place to start is www.EntrepreneurInvestorNetwork.com.au – they specialise in connecting Australian businesses with potential investors to create successful and profitable investments.
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PITCH YOUR BUSINESS TO THOSE WITH SIMILAR INTERESTS
You’re far more likely to secure finance if you seek out investors who specialise in your field. They already know the market so will be more interested in your company, and in turn can offer more support because they know the area inside out.
Securing investment can be tricky, but if you follow the tips above you’re far more likely to succeed.
About the Author:One of the best websites in this regard is entrepreneurinvestornetwork.com.au, which aims at uniting angel investors looking for business investments in Australia with budding entrepreneurs in the country.Log on to the website today. You will not be disappointed.
Article Source: ArticlesBase.com - TOP TIPS TO GETTING INVESTMENT