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Five Reasons To Invest With Business Angels
It sounds too good to be true, right? There is someone out there who is willing to hand over their hard earned money so you can start that new business, and become the next Bill Gates or Steve Jobs; someone who wants you to succeed and will give you their time, money, skills and access to their rolodex. Who are these people and why would they do this?
These people are called business angels, also known as angel investors. They are people who have already made their successes in the business world and they understand the many challenges new businesses face. They are willing to help you in your new venture and ensure that you get your business on the fast track to success.
Don't get the wrong idea though: they are not just going to throw some money at you and walk away; they will want to see a solid 5 year business plan, and a thorough list of projected income and expenses. They must believe in the business and be confident that it is a solid venture.
Here are five reasons you should consider investing with a business angel:
1)Start up capital: these people are willing to finance your business to get it up and running as quickly as possible.
2)Skills: they will freely share with you the skills they have learned throughout their own business ventures.
3)Contacts: they will give you access to all of their business contacts so you can start to build your own list. This alone is invaluable!
4)Interaction: they will have an active role in your business, both day to day and long-term. They have a vested interest in your business, after all.
5)They want to do business with you: business angels are everywhere and they actively look for solid business ideas and start-ups that they can help develop into successes.
No matter what country you live in, chances are you can find a business angel to help you. As stated above, make sure your business plan is solid “ they won't invest in flimsy ideas or plans that are written on a napkin.
If you have a strong desire to succeed, a great idea, and a solid plan, you should have no problem attracting a business angel to help in your venture. Do your research and make sure that you spend time with your investor to make sure you'll be a good fit for each other. This is a business partnership; common sense and planning are essential.
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