The foundation of your startup is planning to be able to survive even the most unanticipated storms.
Seek investors and partners that offer more than just funding. Oftentimes, money can feel like the center of the startup planning universe. Yes, it’s important. No, it’s not everything. Funding will not mean your startup is successful. Value, however, is a different ballgame. The best things to consider when pursuing a high-value investor are:
Expertise – What is your investor’s background? If they weren’t investors would you consider hiring them? An investor who can offer skilled expertise applicable to your startup is more valuable than any blank check. Never be afraid to check in and ask questions. If you never allow yourself to wonder — the answer is always going to be ‘no’. There are people who have more experience and background in business, so it is smart to fill your friend group with those who have an understanding of this industry.
Network – Maybe your investor isn’t offering the loftiest amount of cash, but do they make up for it in who they know? Many times, who you know can make you an authority in your market quicker than anything else. Networking gives you the possibility for you to meet with others who share a similar interest, and those who have succeeded in the area you’re venturing into. They can help inspire you into using new ideas and tips to apply to your business.
Resources – When possible, pursue industry veterans who have the resources you need at their fingertips. If they really believe in you, they’ll be glad to share. When it comes to startup investors always go quality over quantity. Use the resources that are right at your fingertips. There are many possibilities for your business to bloom without you breaking the bank.
How is any of this possible? It all starts with the right business plan for your startup. Bargain Business Plans are based on a specific brand focus, driven by clarity your startup business plan will entice valuable investors and high paying customers!