FG, BUA Cement, Emzor and others raise 6.7 billion naira from capital market
Whether this is your usual routine or you want to attract business investors, the key point here is to spark their desire and offer compelling evidence of a potential improvement in their profits.
Either way, you want your business to grow and develop. While it may seem like the obvious, there are certain behaviors you should always avoid. Try as much as possible to create a favorable atmosphere within your company to attract funding from investors. With a financially stable business and a bright future, you can sit back and play your favorite online game with friends using your free spins while watching your business grow.
Business Tips – Avoid These 7 Taboos At Your Peril
Here are 7 business tips for attracting the right investors to your business. It would help if you never neglect them.
- Never offer financials to all of your business database
While there can be many investors, not all are good for your business. It would be helpful to research what most individual investors do to follow their trading advice and criteria. Note that investors are time-conscious and focus on particular companies. Reaching out to every financier can limit your chances of understanding which one is likely to be of benefit to your business. Introducing anyone you see on the list is likely to negatively impact your status when you start looking for funding for your next main idea.
- Don’t cold call every investor to request a meeting
According to various tips for small businesses, it is always a good idea to seek advice from the investor’s confidant. Further research shows that only 2% can lead to an appointment of all the calls you make. Most investors will treat cold calls as spam. Also, in today’s environment, many people see phone calls as a huge disruption.
- Never assume you have the answer to the big problem
Why would you want to take responsibility for things? It is always good to be realistic and confident when making decisions. Many businesses do not qualify for funding due to their extremely limited potential. Most investors want to invest their money in companies with low risk brands, improved growth and services that offer good returns.
Make sure your brand’s solution is research-based and the problem is worth solving. Either way, consumers find no reason for a fix; neither should you expect investors to do this. For example, as people find techniques to effectively use their mobile devices, others saw the need for a remote control device for homes and developed a set of equipment to inexpensively preset security functions. and temperature.
- Avoid industry discussions
Besides adhering to the various business tips and tricks, it is also important to listen and share ideas with other people. Each business carries its unique conditions. At worst, you will find messy terms with the connotations of certain words and discuss a sense of unwarranted pride. Of course, in a technical or medical field, certain phrases are applied for global communication. As a startup, you need to be careful in learning how to apply sentences correctly.
- Avoid jumping into an already packed category
Various tips for start-up businesses will help you make the right decision, especially if you are planning to join an already crowded class of businesses. In this case, you need to make sure that your business is unique. In the crowded cupcake market, perhaps the best way to distinguish your brand from the rest is by increasing the size a bit, and therefore the difference.
Always have something that sets your business apart. For example, how are you going to market your products differently? Make this point clear, especially if your brand belongs to the trendy group.
- Avoid running without a net
While others may take risks, you should never try this with the investor group. One of the best tips for businesses is to practice your pitch until the slides are no longer needed. You can offer it at any time, and you can adjust it immediately, depending on your investor’s interest.
Make sure to analyze your tone within 5 minutes and also jump into a 30 minute presentation. Prepare for any questions your likely investor has. The faster you provide specific answers, the more likely you are to attract an investor to your business idea.
- Don’t let your delivery disprove the intention
New areas of market research include analyzing emotions or information conveyed to others about the speaker. While you might be tricked into believing that you are serious with your presentation, a smart tone and innovative technology can read your expression and sense how exasperated you are.
Do you intend to be like Thomas Edison, Alexander Graham Bell, Steve Jobs or Elon Musk? It’s until you try it that you will understand what it takes. The idea here is that if you want to go far in your investing plans, you should try to avoid certain habits as much as possible. As mentioned above, it’s all about being honest with yourself and getting things right.
Before we go, we would also like to answer any burning questions about these business taboos. Could you tell us about your past experiences and thoughts on the business tips mentioned above? Your success is our success; let’s move together!
Edward is excited to help businesses, especially local businesses, develop a more personal online relationship with their consumers and prospects. While trading and market research are its strongest USP, its expertise in finance works as an added charm to its credentials! He’s a financial genius!