Because of the credit crunch and the prevailing economic mood at the moment, it is harder for companies to raise money at the moment than it has been in the past. This might be a strange blog for a business angel to write – but here are some alternative ideas for how you might look to raise money for your enterprise without seeking help from external investors. One of the problems with seeking external investors is that the process does take a lot of time. You will without a doubt seriously underestimate the amount of time, energy and effort it takes to raise money. One tip I would consider giving is that before you meet any potential investors, find out what else they have invested in and what the average amount of their investment is. If they have invested in very few companies and invest a small average amount – they will take up a lot of time and may not invest at all. This is where angel groups can be very helpful. You must be disciplined when you come to fundraising as you need to keep your eye on the business at all times and as we all know there are only so many hours in a day! So I hope you find these tips useful (all used and implemented by me in the past!)
1 Comment
2/13/2023 06:58:50 am
Thanks for sharing your ideas and thoughts! In order to create a one-stop digital property for multiple products - current accounts, loans, mortgages etc - to avoid in person visits to physical locations whilst meeting KYC compliance.Implement OCR Labs as their identity verification process and saw application times and abandonment rates drop dramatically.
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December 2020
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