The important things to consider when you are looking to raise funding for your new business, or business idea, you need to concentrate on the following:
- Have a great team
- You need a good plan
- Be a good networker
- Build a ‘Great pitch’ (if you can’t deliver your message in 1-2 sentences, then it’s not simple enough for a funder)
- Have a good demo
- Be persistent (don’t give up)
- Remain passionate about your business
- Show potential
- Build products, not services (service businesses don’t scale)