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