The process of getting your business off the ground can take years of work and money. Even if you’ve successfully financed a lot of aspects of your business and gotten to where you are without outside assistance, there could come a time when more funding is required to expand and scale.
One option is to locate investors, and there are several methods to do this. You can meet investors on your own, at networking events or online platforms such as Gust. Also, you can find accelerator programs that offer advice in exchange for seed money.
Established entrepreneurs can be a good source of information on how to find investors for small businesses So, reach to your networks and ask for recommendations. If you know people who own businesses, they may also be able connect you with investors. Don’t forget to check out your local business community. Chambers of commerce local to you and chapters of associations such as the National Federation of Independent Business are great places to start.
If you do meet with potential investors, be prepared to discuss your business’s goals and projections. Explain how your business has grown and achieved profits in the past. Be prepared to answer questions about your future plans. Be sure to have an investment structure that clearly defines the role of the investor within the company and the duties they’ll be expected to perform.