It can take years of saving and work to get your business off the floor. While you may have financed your company to get to where you are now however, you may require more capital to grow and scale.
One option is to find investors, and there are several ways to do it. You can try to connect with potential investors on your own, through networking events or online platforms like Gust, or you can look for accelerator programs that offer advice in exchange for seed funds.
Asking for recommendations from seasoned entrepreneurs can help you find investors for your new business. If you have anyone who is business owners themselves, they may be able to connect you with potential investors. Don’t forget to check out see this page your local business community–local chambers of commerce and chapters of associations like the National Federation of Independent Business can be a great place to start.
When you do meet with potential investors, you must be prepared to present your company’s goals and projections. Be able to demonstrate how your company has grown and achieved profits to date. Be prepared to answer questions regarding your future plans. And be sure to have a clearly defined investment structure in place that defines how an investor will recoup their initial investment, and what they’ll be expected do for the company moving forward.
