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| Do These If You Want People To Invest In Your New Ideas |
Are you one of them? Do you want to know what the best approach for them to invest in your idea is? Then there are two lessons you need to learn here:
· Do Creditors Or Angel Investors Invest In Your Idea?
· What Is The Best Thing You Can Approach Investors For Your new idea?
1. Do Creditors Or Angel Investors Invest In Your Idea?
Yes. They want to invest in your idea because they want to make profit from your business if you show them your great potential ideas.
If you show them about your opportunity idea in the market place, they will happily invest in this market idea quickly.
If you can show them your great marketable ideas, you can show them a great market opportunity where your competitors miss in the market place.
And they will accept it quickly. Don’t show them if you know your idea is not worth investing or is not lucrative to them.
2. What Is The Best Thing You Can Approach Investors For Your new idea?
If you have best profitable ideas, what is the best approach for potential people to invest in your successful idea? Then GoldmineDistributionBusines shows you about principles you need to know here:
Basic # 1: Integrity
One of the most essential steps you can get people for your profitable idea is integrity. They need integrity before they trust you with their investments.
You must strive to be a man of integrity if you want angel investors to credit to your ideas.
Integrity is the most secure foundation you can build for your business. Even if you are of exceptional competence, and people find you lack probity in you, they will scare from investing in your idea even when it looks sound because your underhandedness or dishonesty will not only make customers lose but also destroy their investments.
The bible makes us understand that a good name is better than riches. You need to learn to be honest.
You need to learn to be somebody people trust with words, people trust with funds, people trust with ideas and people can trust secrets because the day will come when all of these will stand as collateral for you.
Basic # 2: Solid Business Plan
If you need somebody to credit to your new business idea, you need to learn how to create a solid business plan and present it to them to read it.
If you lack proper documentation when applying for investing in your idea, it will make potential creditors deny credit to your small business ideas no matter how profitable it is.
You need to learn how to include tax returns, financial forecasts, business description and a summary of your marketable competition. And it will help you to convince angel investors, friends, family or banks and will be clear for them to invest in your ideas quickly.
According to Seyi Olawunmi, the principal consultant school of Success International, "Money is not the first thing, but your business idea is the very first thing that counts".
Basic # 3: Walk By Faith
Even if you don’t have the cash on you, start now when you come across an opportunity idea. Commit to your marketable idea now.
Don’t wait till you have enough money to fund your idea. Be ready to walk in even when you don’t have the cash on you because Robert Allen was quoted to say, "If I don’t have the cash, some body else will".
Walking by faith will help you to get funds from potential creditors any where you don’t know.
For instance, even if he had only $ 500, Stanley did not give up his idea, carwash and restaurant business in the same location because he was fired by what he read Praise’s book titled Start With What You Have From Where You Are.
He went out to look around to see a good location that he needed to set up a new business there.
So he approached an owner of this property for lease. After clearing this land with $500, he called each investor to show them this land for business he wanted to raise fund for and explained to them about his plan.
But today his business was successful after he raised about $80,000 from angel investors within a few months. Even his business plan was about $150,000, that did not deter him from starting with $500 because of his commitment and faith.
Another good example is that even if he did not have cash for printing his first book, Adewale, the Orphan, gave the press printer his manuscript and asked him to plan it.
And when he saw one of his friends and knew they could help him with fund if he showed him his plan, then he called the printer and helped him to print one sample for him.
After that, he was able to raise money for his plan and made millions selling copies plus another herbal product and built a good house for his family.
Basic # 4: Market Opportunity
If you want to be funded your plan, you need to develop market through research. Even if you have good idea, you need to research it well before asking investors to invest in this opportunity.
Market opportunity means research by identifying needs, wants, and demands, problems you can exploit in the market that your competitors don’t offer or miss.
That is what angel investors want and they will invest in your ideas if you show them an immense potential market idea.
If you know what you are selling to people, you are able to raise money from non-startup investors or bank you want to start and or expand your business by approaching them with your new idea for the fund.
Just test and trust your product or service before looking for potential creditors to invest in that new business.
Final Thoughts
If you follow these basics as steps above there, then you are a guaranteed that you can get creditors for your new business.
That is where some small and micro business owners miss these basics.
I hope this lesson benefits you? What do you learn from this lesson? Please share with us this lesson you learn above there in this comment box.
Thank you for reading this lesson
Happy Entrepreneur!
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