Capital is required
for new startups to get started, grow and expand it. Often wealthy individuals
are ready to provide a helping hand by offering the necessary funding during
the startup phase. Those investors are called angel investors. On the other
hand, Angel Investors expect considerably higher returns compared to their bank
saving account. Besides this, such type of activity (investments) happens to be
highly risky in nature.
That is why; it is
recommended that startups prepare themselves in order to attract those
investors considerably. Thus, startups should be prepared enough to improve
their chances of receiving funding infusion from such investors as it is a
lifetime opportunity and may not have other chance.
The first step is to
start with developing a full-fledged business plan. Generally, entrepreneurs do
the research work and get started to draw one such plan. Moreover, without a
potential business plan, no angel investors will even consider to spend a penny
in channelizing your business’s potential.
The business plan
should be inclusive of the company’s synopsis, the details about your potential
customers, product or service that you are offering to customers, the size of
potential market and the market research analysis. The plan should also include
the analysis report of the present competition and what advantages your product
or service is going to offer over the competitor. It should have complete
summary of financial projection as well as possible exit strategies.
Singapore Innovation League(SIL) is one of the angel investors that was set up in 2014 and is pledged to
fund 500 startups in technologies. If you happen to be one of the startups in
Singapore, come up with a business plan to pursue SIL into investing.
For more info about SIL:
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