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THE INSIDER TIPS TO TURBOCHARGE YOUR BUSINESS
A business can be built from nothing . It takes lots of hard work and it won ’ t take you long to realise that nobody is an expert at everything . Mistakes are made along the way ; hopefully you learn from them & move on , sometimes they can cost the business heavily . However , some long hours & perseverance often pay off in the long run .
Angel Investment
The alternative is for a business to seek investment . There are different types of investors , more suited to differing stages of the business . For example , a business in a start up phase may be high risk , with little or no turnover and needs more than simply cash to lift it off the ground . These fledgling companies , often known as startups , tend to seek Angel investors ; people or companies who have the vision to see what a company could achieve and the tools , methods & pitfalls required along the way , with an appetite for an uncharted venture .
Most banks and venture capitalists are risk adverse so generally only focus on established businesses , where there is a clear route to their financial returns . They will not become involved in the running of the business . An angel investor tends to use their own funds but adds the biggest amount of benefit from their involvement . Startups take advantage of their experience , contacts and insights , although their involvement in the company is limited ; it ’ s not their place to run or build the company . An angel investor will want to take some equity in the startup in return , and there are differing ways that this can be structured . Startups realise that giving a little at the start can significantly accelerate growth . It ’ s better to have 80 % of a million pound company than 100 % of a £ 10k one . The angel may agree to a reduction in shares or exiting completely once a certain financial target has been achieved .
Wirral Wolves
Our angel investment program , Wirral Wolves , has been running for four years , during which time we have both invested and helped entrepreneurs , startup and scale their businesses . There are a few things that we look out for ; obvious stuff like being potentially profitable , products or services that we believe will be in high demand , solve a problem or plug a gap but above all we consider the human element . It ’ s so refreshing to find someone who is enthusiastic and dedicated to their business ; they don ’ t need lots ( or any ) qualifications , just energy , excitement and an open mind .
To open an initial conversation about investment , please visit wirralwolves . co . uk .
66 wirrallife . com