7 reasons you failed at raising funds from #investors
In the last 10 years we have helped businesses and project sponsors develop business plans for funding and linked some with investors. Here however are the 5 top reasons your plan failed to scale.
1.) Using Boiler plates.
Yes boiler plates are business plan templates. Some even downloaded with copy and paste technology trying hard to tweek the financials and getting stuck, or all the same Just going ahead to submit the #businessaPlan as it is
2.) Not adhearing to instructions.
Getting excited about a potential deal is good, but that is the time you need to stay calm and go through all the details with your team
3.) Timing is key.
If your #investmentbanking company or #investor ask for things within a timeframe, stick with it Or ask for an extention on time should you need to work extra at the request
4.) Going it alone
Going it alone. Usually I introduce clients who approach us for a link to investors, and they try to cut you off totally. The truth is, you cannot overemphasise the influence the agent has on the field, or how he might be able to answer your questions more easily.
5.) Not looking the part.
Owning a website as well as having a terrestrial footprint are both very important when your #investorrelations executives are doing their due diligence.
6.) Up to date tax clearance. This is often prove that you are trust worthy and are responsibly accountable.
7.) You are approaching the wrong #investors.
Most investors has specified fields or sectors they are interested in. Dont make a mistake of not first researching the potential investors interest before trying to pitch
The most important part in everything though is to keep moving no matter what