It could take years of hard work and saving to get your startup off the ground. And even though you’ve been able to bootstrap a number of aspects of your business and gotten to where you are today with no outside assistance, there might come an occasion when more capital is needed to grow and scale.
There are a myriad of ways to locate investors. You can attempt to connect with potential investors on http://www.onlinedatarooms.info/how-to-raise-equity-capital/ your own, through networking events, and even online platforms like Gust, or you can look for accelerator programs that offer guidance in exchange for seed funds.
Established entrepreneurs can be a good source of information on how to find investors for small businesses and, therefore, you should reach out to your network and ask for recommendations. If you have friends with businesses, they may be able to connect you to investors. Also, don’t forget to explore the local chambers of commerce and chapters of associations such as the National Federation of Independent Business is a great way to start.
Be prepared to discuss your business’s plans and goals when you meet with potential investors. Show how your business has grown and produced an income to date, and be ready to answer questions about your future plans. Also, make sure you have an investment plan clearly defined in place that outlines how an investor can recover their initial investment and what they’ll have to do for the business going forward.