Business, Start-up loans and financing

“Own Business” is a Dream with which many people start their entrepreneurial Journey and then they start searching for Start-up Loans and Financing options to get started.  I will give you a 11 keys points to get anybody’s attention and give your start-up a Launch pad.
Let it be Banks, Angel Investors, Private equity, or Venture Capitalist everybody wants to associate with a Team/Person who is having clear cut idea about what exactly they are doing. You need to know your opportunities, Goals and possibilities of Success and convey the ideas to the people who you want to get funding from.

Tip No. 1 : Get your Company a nice Logo or a tag linewhich will give your presentation a kick start. A good start is half the work done. A confident smile is must and your eyes will have the gleam if you are passionate about what you are doing.

Tip No.2: More words you use more you will sound like an irritating Sales man, who everybody wants to get rid off. Try and express your Business in 10 words. It should be WOW-What Opportunity &Why. you can use images on your slide to reduce words, it works better.

Tip No.3: You can define a problem in the society that you are trying to solve with your idea, or a service which is needed by large group of people.

Tip No. 4: What are your Strengths. How are you going to take the world on? Tell what makes your Idea or the Team win.Sometimes your Start-up idea may not be that strong but there you have an excellent Team which can make any idea work. Its just what makes you Special!

Tip No. 5: Show what exactly is your product or service. And again no beating around the bush. Clear cut in less than 10 minutes demonstration what impact can your product have on your customer/World.

Tip No.6: Whats your Action Plan. ex: if you want to achieve 1 lakh customers say in 2 years show whats you plan about achieving that and how are you going to do that.

Tip no.7: How good are your competitors? what are their strength and weakness. How will you use that to your advantage. Are you filling the gap?

Tip No. 8: Your Revenue Model.Banks, Angel Investors, Private equity, or Venture Capitalist are investing in your business to get returns. Let it be long term or short term they want to be happy at the end. sometime revenue model may not be there ex: Facebook, but then you idea should be out of this world for that 🙂

Tip No. 9 : Forecast how much time it is going to take for you to be Break even (getting the investment back) at least forecast for 90% of investment. You cannot tell someday this will happen. Be Clear and have a plan for everything.

Tip No. 10: Introduce your Team and Team Member Strengths and what unique qualities they bring to table. Chemistry between the Team has to be excellent, and you people should compliments each other well.

Tip No. 11: Did you start with you Business and have already some customers show your current status. How many order have you received or how many people have shown interest in your service. you first income etc.

And finally don’t get disappointed if Banks, Angel Investors, Private equity, or Venture Capitalist nobody believes in your idea.
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
-Norman Vincent Peale