When you have an idea for a new service or product it is important that you have the capital to get your idea off the ground. Finding the right investor to invest in your idea is more difficult than just going on to Shark Tank and securing a shark. Finding the right investor for your business can be an easy and fun thing to do if you know where to look.
Networks of Angel Investors
Angel investors are a certain type of investor that like to take startups to the next level by not only infusing them with capital but also their expertise. There are networks of angel investors that you can find that will help you with capital and the skills you need to succeed in your industry.
Use Crowdfunding Sites
Crowdfunding is a great way in our digital age to find the capital that you need for your product or service. There are many examples of crowdfunding projects that have raised hundreds of thousands or even millions of dollars for the right product. If you are using a crowdfunding site, make sure that you promote your crowdfunding campaign over all of the different social media outlets. This will give you a much bigger chance of reaching your target capital goal in the amount of time given.
Get involved in an incubator
Incubators are organizations that take startups and help infuse them with mentors, interns, capital, and office space. It is important to find the right type of incubator for your startup. For example, you wouldn’t want to be in a tech incubator if you are trying to start a restaurant. There are resources online that can help you find the right incubator for your project.
The Small Business Association
The Small Business Association is a great tool that you can use for the growth of your business. When you work with the Small Business Association, you will be linked to the local economy and other successful entrepreneurs. The Small Business Association is also required to give out a certain amount of loans to small businesses each year. There are funds out there waiting for within the Small Business Association. Without looking too far, you will be able to find the right type of investor in the Small Business Association.