Investor’s profile
Why do you need to know your investor?
It is always good to know the people you are dealing with, knowing what to expect from others, and it could maybe affect the way you treat them.
Some points you should maybe consider knowing about them are:
In what does she or he invest?
Knowing what type of investors they are and what they are interested in what they like or don’t like about a product could be helpful when offering your ideas.
How does he participate in his investment? Is he a good investor? Does he know how to negotiate?
What are his hobbies, where does he come from, who are the members in his family, what sports do they practice, do they like football or soccer? Do they enjoy watching a good basketball game or do they prefer watching golf tournaments.
Do you have mutual friends with them? What do they do during their free time, these are some important aspects you should consider before a meeting with a possible investor.
What do you expect from them and what are you willing to offer?
These three aspects:
Amount, participation, and time of return.
How much do you need to give wings to your project and watch it flourish?
How are the going to participate in your project, what do they get in exchange of being partners with you, how will they get involved in your plans.
And lastly, if everything works out, in how much time will you be able to pay them back.
Always be open to suggestions and adjusting agreements always according to your margins.
Trust your instincts and your traits as a leader
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