Any project will only be possible when it is being funded properly. If you have been assigned to look for potential investors, that is when the tips below will become useful. So, go over them one by one and always take your time in criticizing your prospects. Not any rich individual will be the perfect partner.
Start looking for the right people to trust. Your project funding investment group should be comprised of at least ten members. However, you should not solely focus on the financial means of these individuals. It is better for them to have a background on the nature of your project for you to gain a smooth flow with the implementation.
Just put all the details that you can muster into the proposal. The formation of your time line will also have to become practical and possess that sense of urgency. On top of that, only settle for great graphics coming from your creative team. This can be enough to encourage those rich individuals to invest most of what they got.
Be sure that every payment will be done on time and with the amount that you have all agreed to. Yes, some of your investors will try to impose their own terms but you need to stand your ground. Make them realize that they are already part of the group and they have to take as much risk as everybody else. That is when peace shall be maintained in your sessions.
Meet more often with your investors or you can require a monthly session for the updates which you are obliged to present. If they all seem to be busy, suggest a group video call and know what they think about the progress. Now, if they want to make some tiny changes, that will have to be consulted with the construction team.
Have terms with your partnership since you have to be able to protect your interests as a company at the same time. Nobody in the group is allowed to back out in the middle of the project. Any decision made in that direction should require the concerned party to pay a penalty for you to be able to proceed without their absence.
Have multiple bank accounts when you are already running several projects. It is very vital for you to become organized on where the funds are coming from. This will also provide more ease to your accountant in filing the yearly tax reports. However, manage to stick with one bank for conflicts to be easily resolved.
Be very organized with your reports and be transparent with the mishaps which have been made along the way. In order for this partnership to work, you would have to be honest with the mistakes in the construction and have a more flawless plan to make it all better. In that way, the trust of your investors would remain with you.
Just take risks with the process of finding the right partners. Go to another town if needed. Also, tap those who are truly excited about this concept.
Start looking for the right people to trust. Your project funding investment group should be comprised of at least ten members. However, you should not solely focus on the financial means of these individuals. It is better for them to have a background on the nature of your project for you to gain a smooth flow with the implementation.
Just put all the details that you can muster into the proposal. The formation of your time line will also have to become practical and possess that sense of urgency. On top of that, only settle for great graphics coming from your creative team. This can be enough to encourage those rich individuals to invest most of what they got.
Be sure that every payment will be done on time and with the amount that you have all agreed to. Yes, some of your investors will try to impose their own terms but you need to stand your ground. Make them realize that they are already part of the group and they have to take as much risk as everybody else. That is when peace shall be maintained in your sessions.
Meet more often with your investors or you can require a monthly session for the updates which you are obliged to present. If they all seem to be busy, suggest a group video call and know what they think about the progress. Now, if they want to make some tiny changes, that will have to be consulted with the construction team.
Have terms with your partnership since you have to be able to protect your interests as a company at the same time. Nobody in the group is allowed to back out in the middle of the project. Any decision made in that direction should require the concerned party to pay a penalty for you to be able to proceed without their absence.
Have multiple bank accounts when you are already running several projects. It is very vital for you to become organized on where the funds are coming from. This will also provide more ease to your accountant in filing the yearly tax reports. However, manage to stick with one bank for conflicts to be easily resolved.
Be very organized with your reports and be transparent with the mishaps which have been made along the way. In order for this partnership to work, you would have to be honest with the mistakes in the construction and have a more flawless plan to make it all better. In that way, the trust of your investors would remain with you.
Just take risks with the process of finding the right partners. Go to another town if needed. Also, tap those who are truly excited about this concept.
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Get great tips for obtaining venture capital funding and more info about a project funding investment group at http://aayinvestmentsgroup.com right now.
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