An angel investor can give you the required boost for starting small business. Whether it is a new start-up venture or a business that cannot run efficiently due to shortage of funds; Business Angels come as a blessing in disguise to help you sail through with ease. But who are these angels and are they really reliable?
Members comprising of an angel investors network are usually experienced CEOs and successful entrepreneurs who are proven leaders with ample experience in their respective fields. They have extensive management expertise that can help any business to flourish and gain high profits. They not only offer monetary help but innumerable other necessary guidelines that help to make a business successful.
Important Points while Selecting a business angel for your new proposal:
First and foremost it is necessary that you have an interesting and appropriate business plan ready to put forward to these Indian angels. Your proposal should include all details about your new project, describing your product and the services and benefits that you can offer to your clients.
Make a complete list of the necessary things that you might require in the initial stages for starting small business; along with an estimated budget and the amount of financing that you might need.
Before approaching an Angel Investors Network, try to find out as much details possible about the firm and its members. How far they have been successful in helping previous companies and their goodwill in the market? Try to acquire information from friends, colleagues, your attorney or CA and bankers etc.
Assistance does not come free of cost. Usually these investment firms ask for a percentage of the profits made from the business in question. Therefore be sure of what they want in return before approaching a financial investor.
Apart from money what else can they offer you? A reliable business angel will provide complete assistance on business ideas, valuable contacts to increase prospective clients, technical help and advice, teach time management skills and will also be ever ready to spend their valuable time with you.
Many angel networks in India also give access to their office and staff. The more benefits you can accrue the better for your business in the long run.
One of the most important points is that you and your angel investor must get along for your business to be successful. Regular meetings are necessary so that you can put forward your priorities and also know about their planning and decisions. Though you may have the final say in your business but its equally necessary to give importance to their thoughts and suggestions. After all they are veteran businessmen who already know the market in and out.
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