Need Startup Capital for Your Business? Find an Angel Investor!
Do you have a great idea for a business? Are you anxious to get started, but don’t have the funds to get your business off the ground? Don’t despair, help is at hand – just find yourself a business angel.
What is a business angel? They are people that have already made their fortune in business ventures, and are well established. They are looking to give something back in terms of giving funds to other start up businesses that they deem profitable in the long run. They love to invest in businesses they consider to be ‘high growth.’ Don’t approach them with a miniscule idea or an idea without a sound business plan for growth.
The business angel will want assurances that you have a solid business and a likely chance at succeeding; when you make money, they make money. This is a very positive aspect, because they will do everything in their power to make sure you succeed. A business angel will not only supply money to your venture – they will also share with you all that they have learned in their own business ventures including business contacts, experiences, skills, etc.
So, How Do You attract the attention of a business angel? First, you need to make sure your business plan is sound. Make sure you have at least a 5 year plan. Include profit projections, expenses, etc. Include as much details as you can. It is imperative that your business plan be as detailed as possible and as accurate as possible.
What’s in it for the Business Angel? Other than the fact that they want to help others that are starting out, they do have an ulterior motive – to make money. These people are investors after all. For the most part, they would have part ownership of your business, and as such a portion of the profits will go to your business angel. Is this not a small price to pay for the wealth of knowledge and skills you will receive?
Make sure you spend time with your investor to make sure you feel comfortable with him/her. Everyone is different, and each investor will have different rules/terms to their angel arrangement. Like most things in life, knowledge is the key to success!
About the Author:One of the best websites in this regard is entrepreneurinvestornetwork.com.au, which aims at uniting angel investors looking for business investments in Australia with budding entrepreneurs in the country.Log on to the website today. You will not be disappointed.
Article Source: ArticlesBase.com - Need Startup Capital for Your Business? Find an Angel Investor!