DECIDING THE TYPE OF BUSINESS TO SUPPORT AS AN INVESTOR
We have upcoming entrepreneurs in almost every industrial sector, entrepreneurs are rising up every day with new ideas but in order to back up those ideas they need some funding to make their dreams turn into reality and you know we have also talked about investment some time ago, just maybe you have some money you want to invest into a business and there are just so may business ideas on the table and you do not know which to support and the one that promises good returns, then try to read this post completely.
Now that you have some money and you want to use it to fund a project, you can consider yourself as a POTENTIAL INVESTOR, until you invest you cannot be called an INVESTOR and you are so scared because the reason why you did not start your own business in the first place is because you do not want to fail, now how do you know the business to put your funds?
LOOK FOR A BUSINESS WITH EXPERIENCE.
When you go to a company to apply for a job position, the company asks you for the experience you have because they want to be sure you have an idea on what the position you are applying for entails, they also want to be sure that you have experiences in the past that has resulted in life lessons and the same thing is applicable in business. Before you invest in a business, it is better to invest in a business that has record of failure because through the failure the business will have gathered life lessons that will prevent it from failing again and anyone who failed and has the nerve to do business again is surely worthy of receiving support.
LOOK OUT FOR BUSINESS OWNERS WHO BELIEVE IN THEMSELVES.
Entrepreneurship is an idea that is celebrated until it attains success, so as an investor you have to check out for those entrepreneurs who have been told NO on countless occasions but still decide to stay with themselves and their dreams, you will not want to invest in a business where the owner will close down at the slightest discouragement.
LOOK OUT FOR BUSINESS OWNERS WHO ARE DRIVEN BY PASSION.
You would want to invest in a business where the owner does not mind not receiving salaries for couple of months just to make sure the business succeeds. Some business owners are only concerned about the profit and thy do not care destroying the company as long as they take out some pretty good amount for their own upkeep at the end of the month so you want someone who will put the success of the business first.
