Of course most people know of angel investors as affluent people who provide capital for business start ups. This they provide in exchange for ownership equity or a debt which is convertible. There are also instances when the project is so big that angel investors do not hesitate in bringing together other investors so that their joint pool can help develop your proposal and make it into reality.
Locating and finding angel investors can be all the more difficult.
This is because investors may not always be hanging around, in the wings, to be contacted by someone who has an interesting business proposal. Most angel investors have their own businesses or jobs to look after. There are also those who have retired from work, but are busy nevertheless.
Seeking out a residential property investor or a commercial property investor is not as easy as it may sound. To look for them, you will have to look very hard. Angel investors can usually be found by searching on the internet. While this was not a luxury one could afford a decade ago, technology has allowed angel investors to come closer to those in the need of investment. There are online portals like Venture Giants, where you can meet interested residential property investors or commercial property investors. They are willing to fund your project, if they see any merit in it
There are many other websites which claim to put you in contact with angel investors. However, there are only few which can actually put you in touch with real investors who have enough financial standing to back up your venture. A lot of websites will also ask you for registration and processing fees and you have to decide whether that is the way you want to go. With more established websites like Venture Giants , you can rest assured about quality. They also do not charge a finder’s fee, charging only when you have actually found someone to finance your business.
Do not waste your money on websites which make tall promises but never deliver on them. Always ask around and do your own research before believing the claims of any websites. Since it is your money and your neck on the line, it is always best to ask questions and contact the customer car if you want to.
If you get hold of an investor, ask them about any other residential property investors or commercial property investors who would be willing to take a look at your business plan. There are many different options for contacting angel investors. Since the investors are themselves looking for good deals to invest in, they will most likely be as eager to make the deal as you are.
Once you have found your angel investor, you should ideally start preparing for the next step. Your investor will surely want to know what they are getting themselves into. This means that you should be ready with a business plan or a prospectus. If you have contacted the investor through a site like Venture Giants, you will have an opportunity to share your business plan online. There are some portals which will also allow you to make online video presentations to the angels. All of this is done keeping your convenience in mind. Tell them about your plan and why you need a residential property investor or a commercial property investor. Most investors will ask you several questions about your plan. They will also want to know what is in it for them. They will want to make sure that whatever you are offering them will turn into a profitable business in the near future. You can answer additional questions as and when you are asked. All the residential property investor or commercial property investor is trying to do is to make sure that their investment is secure and that it will give some returns.
You may have to make some changes in your business plans to accommodate the suggestions and requirements of your investors. Sometimes it so happens, that the investors already have a business plan or a project that they are interested in and you can take on that project instead. It all depends on how flexible you are. Since most of the angel investors only invest in the field that they already have knowledge about, it can be easily assumed that their suggestions and recommendations will be a product of years of experience.
If you don’t already have a business plan made, you can try out the many software available commercially which help you make one. Depending on your relationship with your investor you can also seek their help.
If you have found a good and experienced residential property investor or commercial property investor, you should try everything in your power to make sure that the investor is happy with your plan. There is a lot that you can learn from your investor’s experience, which you could not have learnt on your own. If you have a warm and forthcoming relationship with your investor, it is more likely that your venture will be fruitful. Your investor can not only finance you and guide you, but also recommend you to other investors who can then help you for the second round of funding. Investors have also been seen giving bank guarantees and introducing their mentees to clients and other important people. The presence of your investor in your venture can be very crucial. It is important that you make the most of this. It is also important that you fulfill any promises that you have made to your investors as this will help you cement your relationship with them.
The most important thing here is your own commitment to your venture.