Entrepreneurs require a steady flow of capital investment in order to proceed with their lucrative proposals and to attain their business goals.
They need to attract potential investors who have faith in the success of the business and who willingly contribute their capital for its growth.
This crucial step requires a team effort where every member of the team is committed and directs sincere efforts to provide optimum performance.
Increasingly, entrepreneurs seeking capital are under-resourced and thus they appear unattractive to investors. The root cause for this is that the team working is not up to the mark; this calls for a change such that the resulting team is well-qualified and places belief in the business’ products or services.
Today, we are faced with examples of many successful entrepreneurs like Sir Richard Branson, Bill Gates, Ben Cohen, Steve Jobs, and Oprah Winfrey – all belonging from an array of fields.
All of them did not start off with a lot of wealth or brains; the single element that contributed to their success and growth is the combination of the right team members.
The smartest thing is to make absolutely certain that the business is both attractive and ready for capital investment.
The initial step to creating an investor-friendly image is to hire a team of competent individuals eager to maximize their strengths and to build on their skills.
The Following is a List of Professional Experts Often Found On Teams of Successful Entrepreneurs:
1) Switched On Accountants – Accountants are people who work reliably and have a proactive approach to ensure that the business is structured correctly for maximum growth and success. A good accountant is a “work-ready” professional providing exceptional financing and auditing services that will make help to assess the feasibility and profitability of different projects as well as the accumulated profits from a particular venture.
2) Street-Smart Lawyers. Entrepreneurs – understand the value of good legal advice and they will not cut corners in making sure their business is bullet proof when it comes to potential legal threats and challenges. With the rise in the daily number of lawsuits, it is almost indispensable to have a good lawyer on the team who can advise on the consequences of business-related actions.
3) Business Coaches and Consultants. Entrepreneurs hire strategic thinkers rather than just educated experts. They want to see that their business coach has been-there, done-that in this/her own business in the real world before they actually listen to his/her advice.
Previous record of dealing with challenging situations is a must for a business coach. In this way, he/she can suggest techniques that will help to bounce out of a crisis or simply to win public favor.