Scappa
20 posts since
Oct 5, 2008
3.
Re: HELP! Oct 12, 2008 5:13 PM
in response to:
LUCKIEST
Greetings Michelle,
In my experience, your best shot for investors are your clients themselves. They know you, they know your business, they have experienced your level of service, and they can actually see the rotation and turnaround of your business.
They can assess quickly if you and your business are a good risk. They have been relying in, and making use of your business for services for awhile now, so there is not much convincement you have to do to get them to invest (or not!) in your business.
Be prepared to show past performance and future projections. Make sure your legal and tax paperwork is in order, and make sure you know what to offer in exchange for the investment, whatever it is: interest, ownership, or something else.
Make sure also that your expansion plans make sense and justify the amount you are asking for. Be also prepared to show how your investor will recover his/her money, and finally, develop an exit strategy for the business in case of failure.
This is a very simplistic response, and you can be sure that there is a lot more involvement to this, but I know you have a wealth of potential investors amongst your clients. Talk to them!
Best luck to you Michelle.
Sincerely,
Scappa.
