Turning your business idea into reality is no easy task. You will need to have the finances, resources, and some guts to pursue a startup. Aside from forming a good concept for your new business, you are going to need support both financially and morally. You can get this support from the so called angel investors.
These angels are not those you see in movies. They are the startup investors or better known as the angel investors. They can be some people close to you or other people you meet along the way but you do not even know their names at first.
It is safe to say that family and friends can be the perfect business angels to help you out because they know who you are and what your capabilities are from the inside out. They can be approached easily and you can discuss anything with them without hesitation. You can also trust them with all your heart your ideas and concepts, finances, and even your whole life.
However, there are still drawbacks in seeking salvation from your closest friends and relatives. If you never had any argument before, starting a business and maintaining it could be the reason for your arguments. This will compromise your relationship as you may become blinded by your individual desires. It is quite hard not to cross the line between professional and personal aspects.
If you are confident that you can get through with all the challenges together without involving your personal and family relationship or friendship, remind yourself that out of ten startups, only one becomes a success. Hang on to this principle so that you will understand one another and retain your personal relationships even if it fails. This is a must.
Now that you know all this, you may want to withdraw from the plan of making the people that matter to you as your investors. There is another way, but it is rough and tough. You can get an established businessman and have him listen to your proposal.
However, if you are confident about your idea, you will gamble it all just to get that individual investor listen to you. Lay down all your plans on the table and let your prospect understand the entire detail. Let him realize the benefits and advantages he will get on his end. For most, what they are after are the incentives they can get as well as the returns you can promise and fulfill to them.
Again, always listen to him. If he comes to a conclusion that you will need another guardian person to realize your ideas, follow him. Surely, he knows people who will invest. Still connect with past prospects since they may decide later than never. Leave your contact details before heading on to the next.
There is always a reason for you to move on despite rejections. Do not fret if what you asked for does not happen as soon as possible. Do not compare startups with your gadgets that perform tasks with a few clicks and touch in an instant. Prepare yourself for both the best and the worst that are yet to come.
These angels are not those you see in movies. They are the startup investors or better known as the angel investors. They can be some people close to you or other people you meet along the way but you do not even know their names at first.
It is safe to say that family and friends can be the perfect business angels to help you out because they know who you are and what your capabilities are from the inside out. They can be approached easily and you can discuss anything with them without hesitation. You can also trust them with all your heart your ideas and concepts, finances, and even your whole life.
However, there are still drawbacks in seeking salvation from your closest friends and relatives. If you never had any argument before, starting a business and maintaining it could be the reason for your arguments. This will compromise your relationship as you may become blinded by your individual desires. It is quite hard not to cross the line between professional and personal aspects.
If you are confident that you can get through with all the challenges together without involving your personal and family relationship or friendship, remind yourself that out of ten startups, only one becomes a success. Hang on to this principle so that you will understand one another and retain your personal relationships even if it fails. This is a must.
Now that you know all this, you may want to withdraw from the plan of making the people that matter to you as your investors. There is another way, but it is rough and tough. You can get an established businessman and have him listen to your proposal.
However, if you are confident about your idea, you will gamble it all just to get that individual investor listen to you. Lay down all your plans on the table and let your prospect understand the entire detail. Let him realize the benefits and advantages he will get on his end. For most, what they are after are the incentives they can get as well as the returns you can promise and fulfill to them.
Again, always listen to him. If he comes to a conclusion that you will need another guardian person to realize your ideas, follow him. Surely, he knows people who will invest. Still connect with past prospects since they may decide later than never. Leave your contact details before heading on to the next.
There is always a reason for you to move on despite rejections. Do not fret if what you asked for does not happen as soon as possible. Do not compare startups with your gadgets that perform tasks with a few clicks and touch in an instant. Prepare yourself for both the best and the worst that are yet to come.
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