Recently I was speaking to a class of entrepreneurs at Kennesaw State University. One of the students raised his hand and asked, “What is the best way for me to raise money?”
The short answer is, “When you prove to me you’re in, then I’m in.”
Sometimes I talk to entrepreneurs that say, “My job is to come up with the idea and the powerpoint presentation, and your job is to fund me.”
Not even close.
Your job is to create the idea and prove it worthy of funding by putting in every ounce of energy and resources you have available. This includes your time, your money and your family and friends’ money. Everything. Show me this level of personal commitment and you have my attention.
Committing all your resources to getting a new business out of the ground is a basic building block of success.
Have no plan B.
This is commitment.
When you get there…let’s talk funding.