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How do I get investors for my business?

How do I get investors for my business

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3 answers

Hi Abynar,

Third-party investors are always going to want to know a few core things:

1) What's your business plan 2) How much skin do you personally have in the game 3) What's your exit strategy 4) How quickly can they make their money back?

There are other questions, but these are the first four core questions that you will need to be able to answer intelligently.

Without knowing if you have already started the business and have a proven track record of sales or not, it's impossible to say if an investor would be interested in what you are building or not.

If you have not started the business yet, then there are a series of things you must do to get to the point at which an investor will generally even look at you twice:

1) What's your product or service? 2) Do you have a working prototype? 3) Do you have any sales? 4) Have you generated any interest to test the market and determined it's a viable product or service? 5) How are you creating the product, or providing the service? 6) What are your COG's (Costs of Goods)? 7) What's your profit margin? 8) How scalable is your business?

Among many other questions.

You will need to answer all of these questions, and more, with data to back it all up.

Once you have done that, you can network with investors and reach out directly to them (Cold-calling, if need be).

Sometimes, it's better to pitch ideas to existing friends, family, acquaintances to acquire capital in addition to your own in order to get started, and then once you have a proven track record, acquire outside capital to scale.

Best of luck either way!

Report Christopher's answer

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Christopher laid out an excellent road map for you. Please let me know if you need any help with answering these questions. Feel free to reach me at danilopena@utexas.edu

Report Danilo's answer

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Let's have a discussion.

Report Tariq's answer

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