Managing finances is a significant part of any startup be it in bootstrappedor seed stage. In these two stages startups have to be self-funded either through founder's personal savings or borrowing money from family members, peers or banks. This is the most difficult phase of any startup, to beat all these challenges and move on.
Are you crazy and passionate about your idea? Do you have this gut feeling and belief that your idea has the potential to bring about a change and reform the world!Even your people, near and dear ones, the loved ones, who have seen you for a long time, do not support you, which makes you feel that your idea is not worthy enough to reach investors. Excellent is a strong adjective; the basic idea is that the concept is still not presentable and executable. But improvement always has space and a true spirit and enthusiasm to make it work.
Tasks like labelling the business and designing a logo are apparent, but what about the less-heralded, fairly significant steps? Rather than spinning your wheels to guess where to start, follow this 10 step checklist and transform your business from a light bulb above your head to an actual entity.
You have to make some investment before actually going to an investor. This is the very key that will help you achieve success and get some investors on board. Won't it take time and effort to convince other people that investing in your startup is worth their while?
Use slides to lead, not read. Your pitch deck is not only a slideshow or presentation that manifests your company, goods, and services. Throwing some slides is a matter of hours. Creating a pitch that keeps investors engaged and helps you achieve your business goals will take time and effort.