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16 Australian Entrepreneurs Share Their Tips For Securing Investment Funding - Funding is a crucial element to any startup with dreams to expand and grow, to get bigger and better.Attracting the interest of an investor and asking them put their trust — and money — into your creation is no easy task.With this in mind, Business Insider spoke to some of Australia’s most successful entrepreneurs to find out their secrets and advice to securing funding.
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16 Australian Entrepreneurs Share Their Tips For Securing Investment Funding “In our experience, securing funding is a difficult task in Australia. It’s important that you find investors that you can connect with. Once you are able to develop a strong personal relationship with the investor, everything else becomes much easier.” James Wakefield, co-founder of InStitchu “Bootstrap your business and prove product-market fit before raising money. The more revenue (not necessarily profit) you can bring in, the better your valuation and leverage when you’re out raising capital…. Mitchell Harper, co-founder of Bigcommerce
“1. Getting in front of the right person: Make sure you do your research. 2. Acing the first meeting: First, make sure you’re completely prepared 3. Choosing the right investor: Make sure that both your goals about where you want the company to go are aligned from the start… ” Vicky Lay, COO of Zookal My advice: “Don’t ever let a few little (sometimes not so little) hurdles get in the way of your business success!” Gen George, founder and CEO of OneShift
So MOST IMPORTANT – have a good product and a good business model, and the rest is a lot easier. Also important – the further along with your product, the more time in market, the more runs on the board, more customers and more revenue you have – essentially the further progressed from simply an idea you are – the easier it’s going to be for investors to SEE and UNDERSTAND your business. Andre Eikemeier, CEO of Vinomofo For more tips, read full article here: http://www.businessinsider.com.au/these-16-successful-australian-entrepreneurs-share-their-tips-to-securing-funding-2014-2 Visit our site: http://corlissonlinegroup.com/