What You Don'T Know About Financing

First of all, you have to make sure that you really want to get the funds that others give you, and whether you really want others to take part in your entrepreneurial path.

Accepting investor investment means that you will lose part of your control and potential profits.

Establishing good relationships with investors will bring great benefits to entrepreneurs, but this relationship also requires you to spend a lot of time on maintenance.

Some investors are relatively relaxed, usually do not participate in the operation of enterprises, only when you need them to appear.

But there are also some investors who want to be involved in business operations. You need to constantly respond to their mail and phone calls. This is all you have to do.

- Kelly Trumphour, founder of See Jane Invest

You need to know your worth.

As the owner of a new business, your value will not exceed $75 thousand in the first year of the enterprise.

If I find your salary exceeds this figure when I read your earnings report, I will feel that you have not managed your funds well.

Yes, you work very hard. You have to work long hours every week. It doesn't seem like a big deal to give yourself a little more salary.

But before your corporate finance really stabilizes, you shouldn't have so much money.

Nicole L. Royer, entrepreneurial guidance

You have to be a happy person and hire happy people when you hire employees.

Any investor wants to know two points: 1. you are a passionate and energetic person.

2. the person you work with is the same person.

No matter what stage the enterprise is developing, you should hire positive employees.

A positive team means that the team is always full of motivation for work, and they have their own ideals and pursuits, which are important drivers of success.

Brian Scudamore, 1-800-GOT-JUNK, founder and CEO

You should know all kinds of financing channels before pferring the shares.

Although it appears that the pfer of equity is cheaper, there is no interest.

But these shares will always be investors.

Although lending looks more risky, if you believe that your business can succeed, you should first consider borrowing when trying to raise capital, and then consider the pfer of equity when it is too late.

- Ian Jackson, Enshored partners

If you already have the product, you should show the investors the recognition and welcome of the product.

In the world of investment, market welcoming is a magic word.

The popularity of the market can be reflected in many aspects, such as registered users, paid consumers, media reports, a large number of audiences, partners, and a handful of people who can't live without your products.

In the eyes of investors, if your product can be welcomed by the market, you may gain profits and bring rewards to them.

- David Arnoux, Twoodo co founder

In the POC (concept validation) stage, you must find some test customers to test the products.

This can prove to investors that people are in need of your products, and your products will soon adapt to the market after listing.

Dr. Som Singh, Unspun Consulting Group founder

You must tell it very clearly.

The product you are developing can solve people's real problems and satisfy people's real needs. This is very important.

At many times, entrepreneurs will immediately explain their ideas, techniques, or plans to enter the market when they see investors.

But they always forget to tell investors what their products can solve, and why the market and consumers are interested in their products.

Charlie Harary, Syms School of Business venture capitalists, entrepreneurship professors

To prepare for crazy overtime work, you need to subdivide your goals and divide them into small parts. After completing all the parts, you can finish a job, which requires you to sacrifice a lot of rest time.

This way of working is much more difficult than it sounds, but once it is completed, you will benefit a lot.

Stephanie Adams-Nicolai, GODDESSY OrGAnics founder and CEO

Before making every new attempt, you need to decide how much money you need to use the account.

Many entrepreneurs will only take out 3-5% in their accounts when they try, so that even if they fail, they will still have 95% of their funds intact.

In the eyes of investors, this is a manifestation of capital responsibility.

- Alan Knuckman, Barchart.com

Know your enemy and know your enemy.

You need to have a thorough study of your competitors.

You need to know their strengths and weaknesses, know who their core is and know everything about them.

When things do not develop as you expect, you should always be prepared to fight back.

Investors like entrepreneurs who know themselves and know their competitors.

- Michael Bolger, hovelstay.com co founder and CEO

Before you see investors, you must be prepared for every question you ask.

This will give investors the impression that you have done all your homework and think clearly about all the problems that may arise in the future.

If you appear hesitant in answering questions, investors will hesitate to provide funds for you.

Jenny Feterovich, Parliament Studios co founder

It is very popular now to learn to ignore the negation.

But this is not the case.

These negative comments can actually help you do your homework better.

When you receive negative feedback, you should learn to analyze their views. If they say something reasonable, you should accept this evaluation and make adjustments.

Lloyd Shefsky, Kellogg School of Management writer and entrepreneur Professor

In the face of investors, you must be honest, tell your past without hiding anything, whether it is achievement or failure.

If you feel that your past experience has nothing to do with the present, or if you expect the investor to not find your past experience, you will be in big trouble.

Nothing is worse than camouflage.

Investors will appreciate your honesty.

If one day they suddenly discover the past events that you have not mentioned before, they will think you are lying or disguised.

The consequences of this time are far more serious than the things you hide.

- President of Ken Springer, Corporate Resolutions

You have to believe in yourself.

Every last

They say they believe in themselves.

But you have to ask yourself: are you willing to mortgage your house to start a business? Are you willing to take all your savings to start a business, and then you can only rely on credit cards? If you want, then you believe in yourself.

If you don't want to, I will not invest for you.

If you can devote yourself to starting a business, starting a business is a hobby for you, not a job.

Bill Balderaz, Fathom Healthcare president, angel investors.

You can take part in various kinds of entrepreneurs' activities and meet investors here.

In these activities, you can build a network of investors and show them your business and ideas.

- Ian Aronovich, GovernmentAuctions.org co founder and President

After getting the investment, do not spend all the funds at one time, but should get the money.

Divide it into "current capital" and "strategic capital".

Why? Because "current capital" can give you the momentum of sustained development, and "strategic capital" will enable you to elevate your business to another level.

- Brian J. Marvin, Bringhub co founder

Before seeking professional investors, start financing from family and friends.

It is very likely that your family and friends will not lend you money for risky venture, but you must try.

If you don't want to invest in your company, if you know you, know you, trust your family and friends, then your entrepreneurial philosophy is not good enough.

Under such circumstances, with such a concept to see investors, it is estimated that the possibility of obtaining funds from them will be smaller.

Dan de Grandpre, DealNews co founder and CEO

Before financing, you should know as many investors as possible.

Understand their preferences in investing.

After understanding the preferences of investors, you can raise the possibility of financing.

In addition, you can know in advance what they will get from you after they get the money from this investor.

Sometimes, when some entrepreneurs complain that it is difficult for them to get financing, it is not that their projects are bad, or that they are not capable enough, but that they are not looking for the right investors.

Instead of looking at the reputation of investors, you should find an investor who is interested in your field.

- Colin Darretta, founder of WellPath Solutions

Don't think the investment has been fixed until the investment is really settled.

For a long time, some business owners think they have already settled the deal, because investors have already promised to provide money for him.

But until the two sides sign a contract, even if the money hits your account, variables can happen at any time.

For startups who are in urgent need of capital, investors can change their minds temporarily, which may be a fatal blow to entrepreneurs.