In a startup it’s pretty tough to start your business with little capital, one of the biggest reasons of companies failure is they run short of money, as a good businessman one should know how to deal with the capital, one should know the skills of raising the fund. If you are unable to do so, then there are high chances that you could not reach up to the mark where you want to see yourself.
Here are the top 4 pieces of advice on raising the first round of funding:-
- Find and figure the way out, to intro yourself in the market, read more to know
If you are new in the market, first of all, you should give a warm intro of yourself and if you are unable to do so then you are surely not a good businessmen, what you need to do is hire a lawyer as they know all the ventures in the city, they will help you in the warm intro and you will reach to the ventures you want.
- Deep research of the Firm
A lot of entrepreneurs do not research about the ventures, like with whom they are speaking with, if you don’t research deep detail on the investors then surely you won’t get any funding, speak well, be confident in your speech so that no matter what happens you get the funds as per your requirement. Never get bamboozled in your own words this could probably land you up for your future.
- Connect with the investor’s “heart”
Getting funds through investors is like dating, if you don’t want the date, straight away you want to get married, then never ask for a date. The overall thing is the entrepreneurs sit long in the meetings and listen to various people which make them confused, so don’t pitch at once be patient and try to cherish long-term relationships.
- Tell an imperative story
Tell them about your product before asking for funds, like what is your product and why are you making this product. From Flipkart to Airbnb all have some story behind their product that’s why they are running and are on the huge profit side. The main thing is without the full-fledged details investors will never be investing in your product, so connect with them on the deeper level.
