Sunday 7 August 2011

Do your homework

When turning up to make a presentation to investors, things to consider include but not limited to:
-Prove, demonstrate, and sell the passion you have for the business.
-Understand the P&L, the figures are important. Need to know the granular (e.g. wage bill, rent, insurance, etc). [Remember that having passion does not necessarily mean you will succeed].
-Don't get defensive. Acknowledge the advise being put across by the investors.
-Only say as much as you need to say, talking too much will bore the investors, and you will probably loose them.
-Having a patent for the idea is essential, not easy to get in some countries, but well worth it.

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