How to Find Private Money Investors
How to Find Private Money Investors
If you own a small business, or would like to start one, you'll need the ready capital from private money investors to purchase a business space, purchase inventory, hire employees, and pay all the fees and taxes associated with being a small business owner. If you don't have a treasure chest full of cash buried in your back yard, chances are that you'll need to find investors to give you the cash and support you need to get your business up and running.
So here is the question that you're all dying to ask- "How do you find one?"
Honestly, it isn't as simple as seeing a commercial and calling the number on the bottom of the screen. Just because they can afford to air a commercial, look professional, and say all the right things, doesn't mean that they aren't out to steal your hard earned money through loan sharking. When looking for private money investors you need to be careful of the companies that are willing to give you the money, but charge huge interest rates.
Here are a few ways that you can find an investor without risking sticking your limbs out and having the sharks sink their teeth into you.
Word of mouth is one of the most trustworthy ways of finding one that isn't going to plop you into shark invested waters with a wreath of steaks around your neck. If a business colleague, family member, friend, or other trusted person has done business with a private money investor that they can trust chances are that you can trust them too. Don't go in blindly, though, make sure to do your homework and check them out before jumping into the waters with them.
With private money investors investing over $150 billion a year in small business ventures, don't you think it's time that you get your shot at success with the use of some of that money? Finding one shouldn't be the real life experience of "Jaws", you should be able to trust those you do business with, and the best way to find one you can trust is through recommendation. Commercials and advertisements can lie, but hopefully, you can trust those closest to you to always have your back, even when the ominous music starts.
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