August 3, 2006

Don’t Slam the Door

At we have entrepreneurs who are ready to pitch. We also have  entrepreneurs that are not. These entrepreneurs need to be groomed before they pitch to you. We believe a business idea is not insignificant simply because an entrepreneur needs help with a business plan or business model. An entrepreneur may need guidance from those with experience. One of our goals at is to help entrepreneurs become “angel ready” so we can offer you the highest quality deal flow.

Undoubtedly, you have come across business plans that you were simply not interested in. The plan may lack a solid business model, market strategy or exit strategy. You may be unimpressed with the management team. These factors would cause even a novice investor to decline an investment deal.

It is important to remember that some high profile companies were initially turned down by investors. What does this mean? It means you may want to take a second look before shutting the door on an investment opportunity.

Avoid judging plans too quickly for the following reasons:

  1. Initial Meeting can be intimidating for an entrepreneur

You know the business world inside and out. The knowledge you possess is priceless. Your connections and experience would make even the most confident entrepreneur hesitant. Keep this in mind. If you see potential go for a second meeting where the entrepreneur may feel more comfortable with you. Take your first impressions into consideration but allow these impressions to change. Meeting an investor can be intimidating and nerve-racking.

  1. Unfamiliar territory

The business may be in an industry or market that is unfamiliar to you. If you do not have expertise in a particular field, pass the information onto another investor who may be interested.

So before you write off a business plan, take a second look. If you think a plan has potential you may want to work with the entrepreneur to get them where they should be.

Help the entrepreneur understand why you are hesitant about the plan. You can help prepare them to succeed in the future. It is often worth it to look at “middle-of-the-roaders” because you may inadvertently close the door on the next fortune 500 company.

Don’t be Half-Baked

Working at is always exciting. One of the best things about working for this organization is the opportunity to hear business ideas from entrepreneurs across the nation. Some of the ideas are thought-out with detailed business plans and executive summaries. Then there are some that are, well, “half-baked.”

At we understand that entrepreneurs want to get funding. Without capital, businesses cannot function. However, many times eagerness to locate capital results in haphazard and carelessly thrown together plans. Unorganized plans are extremely unappealing to investors. When presenting investors with an investment deal, you must have all your ducks in a row and those ducks had better look sharp.

Our goal at is to connect investors and entrepreneurs. We want entrepreneurs to have all of the tools necessary to avoid presenting “half-baked” deals to investors. Investors are generally difficult to reach and even more difficult to impress. You must present them with a solid executive summary and business plan. You need to anticipate and answer all questions or concerns. You will be able to do these things if you have put in the time and resources to put your best foot forward.

There are several things you can do to present investors with a well organized business deal.  Here are just a few:

1. Begin the fund-raising process early. Do not force or be in a rush to find funding. Investors will pick up on this fact and it may result in bad deal terms. This process can take quite a bit of time.

2. Get help. There are people and resources that can help you with your business plan. offers affordable and customizable packages/consulting services that can help you get where you need to be.

3. Get advocates or mentors. Find someone “in the investor know” to be on your side. They can be an advocate and help open doors that would have been closed otherwise.

Preparation is what it comes down to. By doing your homework you will save time, money, and your reputation! Again, please contact us at 877.638.3616 if you have any questions about how we can help you be “Angel-Ready.”