09/23/2021
How to Secure Partners & Investors in Your Venture?
What kind of assets does your start up need in order to gather partners and investors? Some may say just a pitch deck. But a pitch deck is more than just some text on a coloured background. If you're building a company, you need to look like a company. That means having at least some form of a brand identity, such as your corporate colours, typography and ideally a name and a logo. Otherwise, the business seems like just merely a half baked idea. Show potential partners and investors you have some skin in the game, and actually put forth your ideas into something visible - which makes it feel tangible.
Of course you'll need a business plan, that's a given. You'll need to know the company's valuation, the market share, the customers, the demand for your product or service, the channels you'll reach them and how will you distribute equity to partners and investors. That's just a few things you'll have to consider, of course every business has different requirements.
With having a business plan - it becomes easier to secure grants. Sure with some grants you need to spend the funds first before getting reimbursed, but investors want to see that you can secure their investment by having grants as a back up in case you're not revenue positive the first year.
These are just a few things to consider when seeking to secure partnerships and investors. Often times if the business and brand concepts are fully developed (or at least in version 1) it can attract a higher caliber of partners and investors. How you present yourself is a reflection of how serious you'll be taken.
If you'd like a consultation on how to launch your startup, our consultants are happy to offer a complimentary discovery call: tudorconsulting.ca/contact/
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