subject: Business Angels - An Ingenious Way to Boost a Business Idea [print this page] Business Angels - An Ingenious Way to Boost a Business Idea
Running a business is the dream of all entrepreneurs, as they don't want to be caged under others' orders. Our own venture gives us all independence and an opportunity to prove our management skills. However, in a Startup Venture, huge amount of capital investment is required and there are only a few people in India who have that much amount of financial resources with them. But, there are various business angels who have arrived in India and are trying their best to promote and boost business ideas of young and dynamic people by providing them with huge capital assistance to jumpstart their own ventures.
However, in order to get the required financial support from Business Investors, it is necessary to have an out of the box business idea, which can produce enormous wealth within a period of 3 to 5 years. This is because many investors love to exit from a venture they invest in after three to five years via strategic sale or an IPO.
Moreover, to get the trust of people many Business Angels have joined hands and have formed angel networks, because it is not easy for someone to trust an individual, but everyone can easily trust a registered firm or a company. Similarly, the investors also does not trust anyone easily, they also look into the details of a person interested in getting financial assistance from them, they always do a thorough background check.
And to get adequate amount of monetary assistance from investors, you not just need a unique business plan but you also need thorough market knowledge, personnel management skills and some amount of capital on your own to start the venture. Moreover, most of the business investors are always ready to invest their money in various industries, which are listed below:
Travel, Tourism & Hospitality
Media, Entertainment and Mobile VAS
Biotech, Pharma & Life Sciences
Banking and Financial Services
High end BPO / KPO
IT products & services
Telecom & embedded domains
Education
Healthcare
One more thing, before taking any kind of monetary assistance from business angels, you must verify their credibility, and their willingness to share their experiences and contacts. This is because, there are various investors who come from a business background or are successful entrepreneurs in their respective fields and have in-depth market knowledge and huge industry experience and exposure, which they share with the business owner to help him start or expand his existing venture easily.
