The Best Sources Of Funding For Startups

Finances are the lifeline of any business. This is the first stepping stone without which one cannot even begin to think of launching a business, let alone become a successful entrepreneur. If you don’t have financial security, achieving entrepreneurial goals would become a lot harder than you would have expected.

That is why there are so many sources of funding available in the markets. Companies usually get access to money by issuing bonds, and stocks. They also do that by contacting potential investors who may be interested in the idea of launching a business.

All these modes are perfectly fine, but the one that involves seeking help of a good angel investor is the best one. It is because if you can win their trusts, not only will you be able to secure good amount of funding, you will also get entrepreneurial advice and guidance in terms of doing business.

The task of getting an angel investor’s attention gets lot easier, if the startup comprising of a team of smart individuals who have clarity of goals and have unique idea. This is because angel investors are always looking for promising startups with productive business ideas that have the ability to take the industry by storm.

Know more about angel funding at:

www.innovationleague.net

Business Plan to Attract Angel Investors

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:

www.innovationleague.com

Know Your Audience Before Pitching Business Ideas

When startup entrepreneurs are still preparing plans to impress the potential investors with their pitch, they always need to remember that they would probably get only limited time to win the trust of quizzical people and convince them of the fact that yours is the company which will merit their investment.

If all goes well, the entrepreneurs could easily secure the funds they need for starting and expanding a venture. However, if things don’t turn out so well, it could get difficult. Being careful is essential or else you could end-up wasting several months and even years knocking on wrong doors seeking financial aid.

So, here we will give you a little tip on how to make your investment pitch successful. Before you present your pitch to potential investors, you have got to know who your target audience should be. It could get really demoralizing, if you talk to wrong type of people. For example, if the investor belongs to healthcare industry, he is not likely to show interest in a business related to retail clothing.

The same way, if you want early development capital, then try to convince people, who invest in businesses that are in their early stage instead of approaching those, who invest in buy-outs or late development capital. Your first step should be to know your audience and see whether they are relevant to your industry or not.

Singapore Innovation League:

If you want funding in tech area, visit SIL at:

www.innovationleague.net

Deciding The Capital Amount For Startup Venture

If you think that just approaching an angel and coming up with a business idea is enough, then you are mistaken. Sure you may easily stumble down to a promising angel investment company and the potential investor may even appreciate the business idea you have. But the truth is, this is not enough.

You also need to be completely positive about exactly how much investment you should seek. Under estimating or over estimating the required funding can have a huge impact on your business’s well being in the long run. You may come across hundred of theories and strategies explain ways of finding that perfect investment capital amount, necessary for the growth of venture.

The reality is that it is almost impossible to determine that amount unless you have actually understood the time span, requirements, nature of it, and probable returns from the investment. Each and every business venture is unique and thus will have a unique set of funding requirement and necessities as well as probable outcomes.

The fact that every single company is established for the sole purpose of earning a profitable return, there goes another crucial factor into deciding the capital amount. Other than profitable returns, the duration of the project whether it is going to be a long term one or something short term or just temporary will also essentially help in the process.

Singapore Innovation League (SIL) is an angel investment company. If you want to know more about angel funding get in touch with this company:

www.innovationleague.net      

Present A Convincing Case To Win Investors’ Trust

Angel investors happen to be high risk takers who are always on the lookout for those startup that have the potential to do exceptionally well in the coming future. Their ability to take sound decision depends on their ability to predict the future of a newly launched or growing company by assessing its current situation and the product it is working on.

Angels usually base their decision on the convincing business case and product idea pitched by the entrepreneurs. Even though these people readily take risks but they always invest in a business that has a well thought out plan. They look for people with unique product idea backed up with a competent and thorough team to support its development.

If an entrepreneur doesn’t have a clearly thought out plan and fail to define its competitive edge in the landscape of business and entrepreneurship, it is highly unlikely that that business will be able to convince the angels into investing their money.

A business seeking funding must be able to present a convincing pitch and product idea. It should be able to explain clearly about the areas where the product has a competitive edge over others. 

Singapore Innovation League:

Founded by Niraj Goel in 2014, this company is looking for brilliant startups with brilliant tech ideas in Singapore who will be offered with angel funding.

What Is An Elevator Pitch?

If you belong to the world of business and fundraising, you must know about the elevator pitch. In simpler words, it is a technique which is used to rouse interest among people about an idea or product and getting a prospective investor, buyer, or customer to set some time aside to listen out an investment proposal.

The reason why the word ‘elevator’ has been associated with this technique is because of the idea that the pitch should not take longer than the usually time taken to ride up an elevator. So technically the pitch should be roughly around 150 words and shouldn’t be essentially longer than 30-40 seconds.

An elevator pitch is supposed to be the perfect way of starting with an introduction about the company in front of the potential customers and then slowly making your way into a conversation that hooks the prospects into listening the business plan. Since you only have about thirty seconds to get people hooked on what you have to say you need to make it short, smart, and concise.

You need to come up with carefully selected sentences that instantly grab people’s attention. It should stir an interest into offering funding for your business venture.

Singapore Innovation League:

SIL is a company based in Singapore founded by Niraj Goel. The mission statement of the company is to promote growth of tech companies in Singapore by offering angel funding to them.

Points To Remember While Developing A Business Pitch

Before you go ahead and develop a business pitch to present in front of angel investors like Singapore Innovation League, make sure to take care of all the relevant factors. If you are choosing to adhere to conventional pitching style, then do follow these few tips to enhance your pitching power.

Try to come up with ways to build good rapport with the audience before presenting a business pitch. This is an important factor. Get to know your audience and what they need because this will aid you in interacting with them on a personal level.  The investors to whom you will be presenting the pitch will usually select from multiple asset of classes. 

Therefore, make sure to perform thorough research and scrutiny on prospective investor’s backgrounds to find out what driving force motivates them. This will help you come up with spot-on ideas to convince them.

Put maximum emphasis of the context of the pitch that you are preparing. Include good facts about the main agenda. Try to come up with ways on how to fix a particular problem. If investors feel there is a way to solve a particular business problem they will definitely invest in your business.

 Singapore Innovation League:

Founded by Niraj Goel, this league based at Singapore, is going to offer several billion dollars to 500 promising tech startup in the country.

www.innovationleague.net

Reaching Out to Angels Like SIL

When it comes to searching for the right angel investment company, it is best to look for investors who are located nearest to you, preferably the same city and place. It is because angels usually like to share their finances with individuals or businesses that are easily approachable for discussing important principals.

If you have a huge social network the chances of stumbling down to best angel investor will be amplified. You can enhance your social circle by interacting with large business communities, by joining business and trade organizations, as well as community and civic organizations. You can also widen your circle by attending trade fairs, events, and meeting.

There are various informal networks of angel investors who pool their resources and share the risks mutually. You can contact region’s community futures office or economic development centre to find out an active community of angel investors.

If you are able to get references from someone who has already worked with an angel in the past, this could be the easiest way of getting in touch of companies like Singapore Innovation League. Business associates, lawyers and accountants happen to the best sources of getting to know about most promising investors as well as getting business referrals.

Singapore Innovation League:

If yours is a tech company in Singapore and is looking for the right angel investment platform, do reach out to Niraj Goel’s Singapore Innovation League at.

www.innovationleague.net

Showing Previous Funds Usage to Potential Investors

If you are on the lookout for finances to expand or start a business, whether from investors or in the form of loan, you need to know that any potential investor would first want to see the funds that you already have and how you are utilizing that money.

Potential investors would also like to see whether the entrepreneur seeking funds has contributed his own funds or not. In order to supply the investors with this information, you need to form a one page description, all the sources of existing funding, and how those funds are being utilized and for which business requirements.

You can send this information along with business plan or you can also send it with cover letter as a request for funding to the potential investors including angel investors like Singapore Innovation League.

The purpose behind this information is to let investors know that the business has a definite plan. It should be written in a way that conveys the message that the startup has clarity regarding, how it intends on using the funds. The description should clearly be able to state that you are not giving up equity or burying yourself funder debt thoughtlessly.

The statement and sources of fund will leave a good impression if you used it for expanding or starting business rather than offsetting previous debts.

Singapore InnovationLeague

If you are a newly launched tech startup or want to expand one, you can look for angel funding from Singapore Innovation League. The league is founded by Niraj Goel and others in Singapore and committed to fund around 500 new startups.