One single shot

Every budding entrepreneur must get this clear that they just carry one chance, one opportunity and one shot to impress capitalists. Most of the investors have a clear picture and idea on what they do; they wouldn’t be ready to invest in a company which has a leader who isn’t enough confident. These men posses a vast experience in business and it would just take three or more questions for them to analyze the strength and confidence of the business. With these few questions, investors might sometimes miss out on the best talents but out off all the scarce resource and limited time, these men try to pick the best out of the whole lot.

An entrepreneur must be crisp and precise in his explanation about the business. If a newbie is found being over confident, trying to be all things to too many folks, and if the story is hard to follow, you can find these shrewd investors simply saying “Thanks, but you don’t get a chance to say thanks”. Generally VC’s are known to ask these three questions before they could commit themselves to fund for any business –

What is your business?

What are your short term and long term goals?

If any problem strikes, how well can you handle and solve it?

The simple trick is to be confident and precise. An entrepreneur must remember that he is not in a debate class and must cut to the quick by sticking on to the story. Simple, just tell a simple story.