Don't have the money to start your ... Then, maybe an angel will come to your ... ... will provide capital for new ... and are ... ... for those ...
Don't have the money to start your business? Then, maybe an angel will come to your rescue.
Angel investors will provide capital for new businesses and are particularly beneficial for those entrepreneurs who need small amounts of start-up money. If you need a few thousand dollars, you aren't attractive to venture capitalists but angels will listen to your proposal.
Your company needs to be a fast grower to attract angels. Angels are looking for investment opportunities that will provide a good return and they will take personal interest in you and your business. If you can offer a better return on their money than more typical investments, your business will be very attractive to angels.
To succeed in getting angel financing, you will need a top-notch business plan and a polished oral presentation. An angel will look at your idea carefully, but will also look at you and your passion. If you aren't excited about your business, don't expect an angel to be thrilled either.
The search for financing may be lengthy, so don't give up. If one angel says no, move on to another. A negative response doesn't mean that your idea is bad. The next person your speak to may think it's terrific.
Finding angels isn't as hard to find as you might think. They are your neighbors, the store owner around the corner, retired executives; everyday people for the most part. Start your search for your own angel at these sites:
International Angel Investors Institute http://angelinvestors.infopoint.com/
University Angels http://www.universityangels.com/universityangels/index.jsp
Sue Lewis Starting a home business? Find great ideas and resources you need at: http://www.newworkplace.com Be sure to sign up for the free newsletter.
