Looking at your existing support network, who can you pitch your business idea to that can act as an initial investor? It’s important to seek an individual out that you trust and who will believe in you.
Always plan ahead when you’re about to pitch! Speak to things such as why it’s a good idea to invest, prove how you will pay back the loan and have an exit strategy!
Be clear and concise about what it is that you are asking. Is this a loan, an investment or a gift? Communicate your expectations in advance to ensure there is no confusion.
Pitching your startup will allow you to gain confidence, and by the time you enter a boardroom full of investors, your startup pitch will be second nature.
Your loved ones that are providing funding may even want to use the product or service themselves. The great news with this approach is that you also have an early testing period and your family or friends can help.