If you’d asked us at RDI when we were but children, we’d never have been able to predict the extent of technology’s synthesis into the modern vernacular; and why it means your business needs an app. Back then, we had to call our mates on our landline, only after 7pm (because then it was free), and we had to hang-up if someone needed to use the internet. Yes, it was a dire as it sounds.
Seeing an idea to investment can sometimes feel like an impossible task. Competition is fierce and more and more investors are shying away from risks. However, whenever you feel like that, take a look at these inspirational tales of industry success. These individuals all managed to find a way to take their idea to investment, and success thereafter. 1. Levi Roots Where else could we begin but with the man who put music in
Angel investors are the most likely way for you to be able to find funding and investment for your company. Angel investors tend to be wealthy individuals or groups who are willing to put forward sums of cash in order to help a burgeoning enterprise to take its first steps. Unlike venture capitalists, an angel investor will invest their own wealth into a company. Usually this will be in return for convertible debt or equity
You’ve carefully created your business idea, done your research, written your business plan and now, all that is left, is that crucial investment that’ll make the difference between your business soaring or slumping. There is just one vital step between you and said investment from an investor, and that is your business pitch. One way to an investors heart is to sell them on a winning pitch. If your pitch is gold, no doubt
A business plan’s existence is obvious. Drafting one can help start, grow or enable any next steps/ future plans in the pipeline of your business. With the age of the millennial well and truly upon us, the entrepreneurial life is in full swing. And where there is an entrepreneur sure enough there is a business idea being conjured up behind them. Despite this rather refreshing desire to start and nurture a business, creating a business plan
If you’ve opened this blog, then we at Raj Dhonota Investments know you’re an artist. It is, of course, the foundation of every good entrepreneur. That’s because you’ve got an idea that shines solid gold, one that the world needs, that you’d ultimately defend. If these words feel like home, at RDI, have we got a blog for you! Now your idea is revved up and ready for ignition, then there are a few things
A solid, impressive business plan is the foundation upon which your business can then be built. Your plan is therefore a vital piece of work that, if done correctly, can set you on your way to achieving your entrepreneurial goals. If your business plan isn’t up to scratch, then of course there are consequences. For a start it will turn off investors. Furthermore, a poorly designed and calculated business plan makes you vulnerable to unforeseen
Many entrepreneurs are over protective of their new business idea when, in fact, collaborating and/or discussing it would prove extremely invaluable for them. The reason for their reluctance is usually that they fear whoever they are speaking to will reveal the idea to other people who will then steal it and make millions with it themselves. Sure, this has happened in the past, but to be honest, so rarely. It’s not that easy to steal
10 years after appearing on the first series of The Apprentice, I still get asked about my experiences on the program and why I’m not a fan. I’m not sure I’ll ever be free of the program! The short answer is that what viewers see and what really happens is as far apart as can be. Sadly, that just opens a can of further questions :( So, in no particular order, here’s the long form
I’ve spent most of my life doing things ‘my way’, and as a pre-seed investor, I’m simply continuing along that path. When I look at pre-seed investments (i.e. businesses that are yet only in the mind of the founder, or just on a piece of paper) I look at things differently to other early stage investors. Time will tell whether it’s the right approach as an investor, but I have no doubt it’s the
Finding the appropriate investment opportunities for your business is rarely a straightforward task. And against the background of current economic instability, Bank of England interventions, and political fallout from Brexit, uncertainty is the only certainty right now. Although the recent Consumer Confidence Index remained relatively unchanged, one site announced that within 24 hours of Britain’s vote to leave the European Union, technology startup Netz saw five investors suspend hundreds of thousands of pounds in promised
Based on multiple statistics and metrics, the United States has an extremely healthy entrepreneurial landscape. According to a report published by the Global Entrepreneurship Market last year, 27 million Americans are “starting or running new businesses.” That number reflects a record high, and it displays how the idea of launching a successful startup has become the modern realisation of the American dream. However, things still aren’t necessary idyllic for the average entrepreneur. According to Forbes,
Your startup is growing, and you and your partners are ready to start pitching to investors and venture capitalists. You have ideas and ambitions to grow your business even further, but first, you need to raise more capital for your business. Before you start scheduling meetings with investors and putting your pitch into action, here are a few pieces of key information that you should keep in mind: Regardless of the investments you get, you
Speak to most angel investors or early stage VC’s and most will tell you they love your business idea or concept, but to come back once you have created your product and have some traction or proof of concept. I can’t help but agree with their logic. They, and rightly so, want to see how far you can get on your own in order to judge how much further you could go with their investment.
People often ask me what the majority of investors look for when considering pitches from start-ups. Is it the idea? Is it the business model? Or the amount of work that’s already been done to validate it? Of course, these are all important factors to take into account, but the main thing most look for is a great team. I’m no doubt different to most angel investors because I prefer to invest very early
So your idea is your passion, your be all and end all? You’re certain it’s going to be successful. You want me to invest, but you won’t?! What message does that give to any potential investor? Let me tell you. It tells a potential investor that alarm bells should be ringing – not necessarily about the business idea, but about that person’s commitment and ability to make things happen. I don’t doubt that in many
Managing a Start-Up Team is probably one of the most challenging tasks you will face as an entrepreneur. Not only will you have to self-motivate yourself but you will have to motivate and get the best out of your team; the former being far easier than the latter. However, there are some basic techniques that you can use to ensure that you get the most out of your growing team. First and foremost, you need
You may be a successful employee but does that guarantee you will be a successful entrepreneur? Not necessarily. The step from employment to self-employment is not a natural one. I’ve come across a lot of extremely successful employees who struggle to make the transition to successful entrepreneur. Why is that? One of the major reasons is that employees underestimate the nature of the task ahead of them and the skills they will need. First and
When starting a business it is important to have the right business partners on board; in any walk of life it is essential that you are supported by a good team that can encourage and help you, but with Start Ups it’s even more so. Whilst investing in start-ups and having investment discussions, I see a lot of common mistakes, but one appears to be more apparent than most when there is more than
At the beginning of this year I challenged myself to dedicate 2014 to investing in and growing two start- ups a week. This task I have set myself may be well under way, but for the aspiring Entrepreneurs I am investing in the journey is just beginning. Deciding to start your own business is not for the faint hearted. The hard work that goes into creating and developing a business should never be under estimated.