9 Steps to get Funding Ready
Have you ever wondered what you need to prepare in order to give yourself the best chance of raising funding for your business?
In this video, we will outline the 9 key things that every entrepreneur should prepare, to give you the best chance of successfully getting investment into your business.
Entrepreneurs often think that when looking for funding the first thing that you need to do is to get in front of funders.
Whilst meeting potential funders is of course an important step, many entrepreneurs rush into these meetings without being properly prepared. Often, they fail to explain their business effectively, and cover the points that funders want to know about. The result of which is that they don’t get the response that they are looking for.
It’s important to remember that you often only get one shot when speaking to a potential funder, and if you don’t make a good first impression, it’s infinitely harder to get a second bite of the cherry.
So, in order to help entrepreneurs be better prepared to stand in front of funders with confidence, we at InvestorConnected have developed the Funding Readiness Pyramid. This pyramid describes the 8 steps that you need to prepare BEFORE you go and approach funders, and some of the things you need to consider when approaching them (the 9th step).
In this video we will briefly describe each step, and tell you how they can help you improve your chances of success when looking for funding.