How to fund your start up?
Sunil Muniraj, the co-founder of Sagacious InfoSystems had started his organization from a very grass root level into a brand that is currently in a position to offer best data solutions worldwide. He has complete experience of the challenges that a budding entrepreneur needs to face while laying the foundation stone for his organization. Thus, let us rewind the talk that I had regarding how to look out for best investors to strengthen one's freshly launched company.
1. Build Your Networks:
As per him, networking is something that continues to benefit even in long term. As a start-up businessman, one should never understate business conferences and occasions. No matter how big or small, the events might seem, they never cease with opportunities. Building ties with similar minds open up with better prospects.
2. Figure Your Industry:
According to Mr. Sunil Muniraj, it is very imperative to look out of the window and figure out what other competitors are up to. Given to human psychology, we all tend to think that our strategies and planning are the best. But this can backfire many a times.
3. Sketch A Business Plan:
He is of the believe that investors grow interest only when you have a well planned business strategy. This is so because none will prefer drowning themselves financially due to your faults. Thus, convincing methodologies play best.
4. Look Out for Angel Investors:
Another important suggestion he gave was to fish out angel investors. These are individual business men or head of any department who shows interest to back your business financially in return for a small percentage share of your business.
Thus, these were the major points that Sunil Muniraj touched while explaining the concern topic.
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