How Do You Build Credibility Around Your Business?
At some point your business will need resources to reach a next level
. Alchemy Equities is about helping businesses get access to funding and support to make that happen.
A key element of getting access to resources is building credibility around your business, particularly if you wish to attract private equity funds.
Key strategies to build credibility when attracting private equity funds:
Work hard.
Balance your entrepreneurial enthusiasm with experience: Build a team with that includes people with significant experience.
Exposure and network. Make sure who ever is on your team also has exposure and a network that helps build the business
Create solid communication around building the credibility of the team: investors want to see a team of people who complement each other, not an individual.
So how do you create that kind of communication?
When attracting equity funds, either through angel investors, venture capital in Australia or via the platform the Small Scale Offerings Board or Wholesale Investor, how you communicate your investment offering is critical. When you work on building credibility, look at how your collateral is communicated:
Show attention to detail. If you sweat the small stuff your clients and investors will question your capability to execute what you promise.
Consistency. Be clear and a 100% consistent about what you want to communicate.
Dont bluff it. Be honest and authentic about what youre doing, including what youre not getting right. Communicate to your audience how youre dealing with issues; thats what ultimately builds trust.
Adjust you communication to your target audience. The people youre communicating to are savvy. Choose language thats appropriate.
Make sure your valuations and milestones are realistic and the amount you are wanted to attract is reasonable.
Key items required to communicate your offer include:
A compelling story. Why do they care? Do they want to hear more about your business opportunity.
Elevator pitch short, succinct, compelling and jargon-free
Executive Summary- 2 page summary of the key business points, partners, share structure & milestones
Offer document complete overview of the business opportunity, professionally written and presented with an eye for detail and compelling breakout focal points.
Video direct to camera to prove the effectiveness of the team to communicate the business opportunity and build trust.
Web and other marketing collateral must harmonise with the other materials, attention to detail,
Social media build followers. The more followers , the better the chance of raising early capital and attracting partners and media attention.
by: Mike nielson
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