Skip to main content

3 Essentials To Raise Funds For Your Business

directors and officers liability insurance

With the startup culture at its prime, everyone wants to raise money for their business or business ideas and build a flourishing company. That’s a good thing, as well as bad. More entrepreneurs are certainly good news for innovation, consumers, and the economy. The bad news is more competition, which makes raising funds more challenging. So, if you’re looking to raise funds for your business or business idea, while that’s a kudos moment for you, it’s going to be challenging.

Here are three essentials to raise funds for your business:

  1. A scalable business idea and model - This might seem like a no-brainer but it’s the most fundamental part of the process that ought to have all the attention. If you don’t have a solid business idea and model that’s scalable, nobody would want to invest in that. Investors, above all, look for sustainable returns; returns that add to their portfolio and boost their net worth. So, just having any idea won’t cut it for you. You need to have a proper plan and a business model that promises growth and revenue.
  2. A qualified and passionate team - You can’t do it alone. You need the right people by your side who have the same vision and passion; people who can work together to translate the ideas and plans into reality in the most efficient and cost-effective way. Remember, a company is only as good as its team. If you have the right team to enable your business with the right expertise and support, you’re more likely to woo the investors.
  3. Directors and Officers insurance for investors - More startups now buy D&O insurance, along with various other relevant business insurance policies. There’s a reason why! Your potential investors would want you to have directors and officers insurance as well. Since they would likely be in the board of directors of your company – or would take some other active role – they would be exposed to legal claims. So, to protect themselves from being potentially sued, they would want the shield of D&O insurance. Meaning, before you even seek investors, you should have the said insurance anyway to have a higher chance of selling your business idea to the investors.

These are three essentials you’re going to need to raise fund for your business or business idea.

Admittedly, there’s a lot more to the process than what’s mentioned here; it would require a lot of preparation and thorough understanding to win over good investors. The above-mentioned are just three of the ingredients that will put you in the right position to achieve the desired result.

Audio Version




Labels:
Location: India

Comments

Post a Comment

Popular posts from this blog

How Much Professional Indemnity Insurance Costs?

Any person offering professional services to clients should have professional indemnity insurance. You never know which of your client can sue you for negligence or other reasons. The insurance would cover your cost of pursuing legal course against the claim, as well as any settlement amount that you’re liable to pay. In fact, it is very popular business insurance for small business that licensed brokers highly recommend. In the process, when considering and doing research, many people inevitably end up with a rather common question: How much professional indemnity insurance cost? Unsurprisingly, the answer isn’t definite; it isn’t binary. There are many factors that influence the cost of any type of business insurance and it is after considering these factors can one have a fair idea of the final cost. Among others, an important thing to consider is what kind of coverage you’re looking for. The more the coverage, the more the premium. Now, figuring out this coverage amount has its ow
Post a Comment
Read more

3 Mistakes Startups Make That Hinder Their Growth

In the startup culture that of today that encourages newer ideas and execution, starting a business can be an exciting decision. But then comes the reality: There’s a big difference between starting and growing a business. The latter is much more challenging – and that’s what many entrepreneurs struggle with. In that context, here are three mistakes startups make that hinder their growth:  1. Hiring the wrong people A company will be only as good as the people working there. Sadly, so many startups have a flawed recruitment process. They focus more on the person’s CTC over talent and pros they bring to the table. They focus on the wrong and outdated metrics and factors when hiring someone. Don’t be one of them! Improve your recruitment process. For the starters, hire a reliable recruiter who has experience of working in your industry. And then set your priorities correct as to what kind of person you want to add to your team. In short, spend more time in this department and be more car
Post a Comment
Read more

Does Your Company Need Group Travel Insurance?

  Unlike, say, public liability insurance and errors & omissions (E&O) insurance, not every company needs group travel insurance. This makes things a bit trivial. Many companies who should invest in this policy end up wondering and questioning the importance of group travel medical insurance. Many even forgo the key factors and decide not to buy this policy – only to end up regretting later of course. So, does your company need group travel insurance? In general, if you or your employees travel for business purposes, you definitely need group travel medical insurance . However, how big (or small) this coverage should depend on several factors, like how often your team travels, where do they travel, what are their risk exposures, and so forth. Quantifying such factors to figure how much coverage you should have is a challenge. This is where getting help from licensed insurance brokers can be a good idea. Connect with an experienced insurance broker that specializes in business i
Post a Comment
Read more