3 Must Know Tips For Startups When Looking For Funding

February 24, 2015

3 Must Know Tips For Startups When Looking For Funding

Connect with Service Provider

Get connected within 24 hours to pre-screened, trustworthy and small business friendly service providers for Services in top Indian cities

Entrepreneurs are full of ideas and eager to implement them, but anything like in life starting a new business requires a hefty stack of hard cash. At one time, gathering this cash required days of chasing one investor after another, hoping one would be interested enough to invest. This approach often took years and yielded disappointing results. With the change of time, the support for the small businesses and start-ups has been stronger.

Everyone today admits that small businesses are the backbone of today’s economy. By investing in small businesses, we help strengthen the economy by creating jobs, also supporting other companies through purchasing their products and forming partnerships.

For any entrepreneur starting out, think that you are ready to pitch investors? When looking for funding here is what you should keep in mind:  

Understand your start-up first It may sound obvious, but the majority of the start-ups entrepreneurs who pitch venture capitalists have never thought about the concerning issues surrounding their companies. Know every minute details about your products/services, customers and competition. Have a clear understanding about your business model and financials. Remember, all these information should be at the tip of your fingers so that you can immediately answer whenever you are confronted with any questions.

 Understand what investors want There is a vast difference between “an invest-able company” and a “cool product” and if you are not able to make out this difference your business is doomed before it starts. Spend some time thinking what will make your business appealing for the investors. Why will make them interested in your business plan, if this clicks – you are sure to get the right investors.  

The first capital should be coming from you The bare fact is that investors simply don’t fund ideas. In this phase of increasing technology and decreasing costs, the investors will expect you to bring some traction to operate the company. Investors want to know that you believe in your own start-up and the best way to demonstrate that you have personally put your own money where your mouth is.

Image courtesy: emptyengine.com

Connect with Service Provider

Get connected within 24 hours to pre-screened, trustworthy and small business friendly service providers for Services in top Indian cities

Latest Posts

Mobile Apps Development Company In Mumbai Explains 5 Mistakes That Can Destroy Your Mobile App

April 29, 2017

A renowned mobile apps development company in Mumbai puts it “app development is not a kid’s play”. If you

Read More  
Steps To Use Digital Marketing Services To Give Your SME A Digital Overhaul

April 29, 2017

Digital marketing is the easiest way for you to make an impact on your customers using various channels like Google

Read More  
Cloud Payroll: The Need Of The Hour For SMEs

April 28, 2017

Cloud payroll has plenty of benefits, and taking a closer look at a few of them will help you decide

Read More  
Mistakes Which Can Be Avoided By Choosing To Outsource Business Plan Writing Services In Pune & Mumbai

April 27, 2017

Business plan writing services in Pune and Mumbai are on a growing demand. However, many entrepreneurs feel that seeking professional

Read More  
10 Signs To Look Out For In The Right Cloud Payroll Software

April 26, 2017

Cloud payroll software is the primary reason behind the decline of traditional, painstakingly manual payrolls, obviously for good reason — they

Read More  
Cloud Payroll Myths Busted

April 25, 2017

The transition from in-house software to cloud is imminent everywhere. According to the HR Software BuyerView report from the

Read More  

Latest Events

Event
Indian Women Convention 2016

Date: 08 October, 2016

Event
World Brand Congress

Date: 23 November, 2016 - 25 November, 2016

Event
Event
Business Opportunities Show

Date: 27 November, 2016

Event
CeBIT India

Date: 08 December, 2016

Event
Nasscom Product Conclave 2016

Date: 26 October, 2016

Event
Pune Connect 2016

Date: 19 November, 2016

Event
Event
CEO Hangout Sales Summit

Date: 08 December, 2016

Event
Visit Startup India

Date: 17 October, 2016