Guidelines To Find Suitable Angel Investors

More and more business entrepreneurs in India are showing interest to build new industries, venture out in new fields, explore new ideas, use the latest technology and compete with their western counterparts, in all fields possible. But it is easier said than done! Every business needs capital, that too a sufficient amount so that there is not a setback in the initial stages itself. As compared to their western counterparts who have numerous business angels who offer financial help as well as expert skills and knowledge to new start-up businesses and small scale as well as large scale organizations; in India the scenario is a bit different. The concept of angel investors is slowly gaining momentum with help from Indian Angels Association, who are trying their hardest to help the Indian industry create a foothold in the international market. Its not that you cannot find angel investors at all in India; but yes you have to be careful while choosing one, since its still a new concept here.

But then again money does not solve all your problems! Though financial help is the most necessary factor, it is not the only factor for smooth running of a business. If yours is a completely new venture then professional guidance is a must; which should be provided by the business angels. The team members of any Indian angels network should themselves be experienced industrialists, or former CEOs etc. Apart from this various other points should be taken into consideration, such as;

oWhen you have to find angel investors, be very sure about their area of interest as well. It must coincide with your business interests. Its always better to go for angel investors who have prior experience in the same field.

oRemember that a genuine network of Indian Angels have been entrepreneurs themselves at one time and have already made a niche for themselves in the industry. So they should be willing to share their experience and ideas and guide you constantly on business strategies.

oSince clients are the backbone of any business, they should be willing to share their contact list with you and also help you in acquiring prospective clients.

oSince the angel investors have more business experience than you, they should participate in the day-to-day affairs of the business and spend valuable time, and also offer valuable tips whenever required

oThey should teach you efficient monitoring of the business, tips to improve on quality, time management guidelines, more production in less time etc.

Many of these Indian Angels Associations have helped in diversified fields such as IT, healthcare, media and entertainment, retail, specialized BPO, agriculture/food processing, banking and financial services, education, travel tourism and hospitality, biotech, pharma and life sciences etc and are more than willing to venture out in other fields as well.

But always remember that a network of Indian Angels is there to help you and provide you with necessary skills and knowledge, but the eagerness and passion to learn should be from your end; after all its your own business that you have endeavored to develop.

by: Jacklin jonse

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