04.07.2009 19:08:41

Investors Network Team

When it comes to the length of time it takes to secure an investor, it almost impossible to predict. It mostly will depend on the relationship created between entrepreneur and investor, whether the entrepreneur has done his/her feasibility study and marketing research to a sufficient level for the investor to be sufficiently secure that the business idea can be developed into a profitable business.

A few steps that you as the entrepreneur can take to support you with the process of providing information to an investor are:A few things that you as the entrepreneur can do to ensure that time is not wasted is:

1. Do a feasibility study and market research to ensure sufficient demand for the product or service
2. Create a business plan identifying the strategy
3. Determine a sensible valuation of the business and be realistic with this. Make sure you can justify the valuation. Don’t be too greedy – remember that if you fail to secure any funds you may not have a business that can go forward
4. Define the unique selling points (USP)
5. Research the competition and put yourself in the mind of the competition to figure out how they will react to you entering the market
6. Have an exit plan
   
   In addition also read our article on how to find investment to further ensure that you are ready when the you meet a potential investor

How long does it take to secure an | FAQ