Trust in Your Innate Self-Belief

By Bhavani Rana, Partner, Amadeus Capital Partners
Thursday, May 7, 2015
By Bhavani Rana, Partner, Amadeus Capital Partners
Headquartered in London, UK, Amadeus Capital Partners Limited is a venture capital firm specializing in growth capital investments in companies at all stages, from seed, startups, early venture, late venture, emerging growth, and venture buyout.

An entrepreneur faces many challenges on the path of taking an idea from concept to reality. The challenges tend to be similar, to varying degrees, across the world. They include attracting capital, recruiting a team and motivating them to work towards a common goal, finding the product-market fit, knowing and keeping ahead of competition, and of course,regulatory requirements.

For me, as a venture capitalist, this is one of the most exciting times for entrepreneurs, with the development of wearable technologies and the internet of things. Moore's law has driven computing costs down to a point where these wearable technologies and connected devices will open up immense opportunities for new services.

In my experience, successful entrepreneurs have an innate self-belief, which helps them navigate many challenges by systematically breaking down problems into bite-sized chunks that they can tackle. But that same self-belief can also blind them to options they had not themselves considered - and that is where bringing in venture capitalists or other non-executive directors, with broad experience, can really help.

An important step in developing a business is attracting finance. The entrepreneur should identify the most appropriate form of capital for the business and how best to source that capital. This could be family support, bank or other debt, venture capital or, if the business already has revenues and profits, private equity.

Share on Twitter
Share on LinkedIn
Share on facebook