You have probably heard about an elevator pitch. Believe me. It’s important to be able to explain your business quickly. When you first meet an angel, you need to get them initially excited about your business, so that they really want to know more about it. I know it sounds impossible, but you really can do it this quickly.
Too many entrepreneurs underestimate the potential importance of their investor’s role. In order to be successful, an entrepreneur needs a good business proposition and the money to finance it. Both are equally important in every respect.
I know. I must be crazy. How could I be saying find the “right” angels? After all, if they have money to invest and they are interested, why would I not take their money? I suggest that you need to be a lot more thoughtful than that. The relationship with your first angel investors is a very important one. You need help launching your business and they will need to provide it. So, they really need to be the ones that can do that. So, selecting your angel investors is an important step towards your own success. Here are some things you should consider.
Much is written about how to successfully approach angel investors, but do you know what the major mistakes are? I mean the ones that will spell instant rejection if you make them. You can blow up an attractive business opportunity if you make one of these killer mistakes.
If you are planning a high growth business that will make a lot of money, but you need to raise funds to get it started, your business might be attractive to angel investors. But, where and how do you find them? When you find them, how do you approach them? When you approach them, what do you say? Successfully approaching angel investors takes a lot of dedicated time and focused work, because it won’t happen otherwise. Read more about the ten tried and true secrets to successfully getting yourself in front of angel investors that might be interested in your business.
Paladin and Associates provides business guidance and business advice in writing a business plan, including market research, strategic planning, business modeling, business planning, competitive analysis, marketing strategy and planning, sales strategy and planning, financial forecasting, investment strategy, financing strategy, funding sources, funding plans and expansion capital by providing business mentoring, executive coaching and general business guidance. We are often called upon for writing a business plan and the strategic planning process to business start ups, emerging growth companies, as well as existing businesses. We help clients prepare for business turnarounds, loan workouts, private placements, mergers and acquisitions, commercial bank loans, private equity lending, venture financing, asset based lending, investor and financing presentations by providing business plan presentation preparation coaching, including investor strategy development, investment transaction analysis, identification of angel investors, private investors and sources for business loans, introductions to investors and bank loans, and investor and loan negotiations. We also do strategic business planning, business process consulting, business mentoring, sales consulting, and executive mentoring. Business management consulting and sales process consulting are also common services. We each have over 30 years experience in the role of executive coach, business mentor and business coach.