2. Not asking for introductions: Going by the common saying “Business is People”, an entrepreneur should ask for help in his network. Your network is your biggest asset. Instead of saying you don’t know investors; you should schedule coffee meetings with everyone you know, the mentors and leaders to tell them about your business plan. Ask them for an advice. Get over the thought that they will steal your idea. It is not the idea that is the most important but the successful execution of the idea that matters. If they cannot help, ask for references. You can't get what you don't ask for, and not asking your network for help is a definite way to go nowhere.

3. Contacting every VC: Research well which investor will be interested in the area your business falls in and what kind of companies a particular investor has invested in. Not all of them will be interested in the same kinds of companies and they won’t invest the same amount of money or at the same time in a company’s life cycle.