Angels

If a coffer accommodation is artlessly not possible, again accede the angel option. An

angel, as the name implies, is addition who has added money and who is willing

to booty a accident on a new venture. But they do so for a price. What price,

you ask? Ah, able-bodied that’s the rub. You will be asked, in all likelihood, not only

to accord up a big allotment of the pie, but additionally some control. It is not uncommon

to accord up 30 percent of your business to an angel, as able-bodied as a say in how

■ Where to Find Angel Investors Online

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things are run. Angels appetite to accomplish a big accumulation on their investments and understand

the aerial accident of a start-up business. Accordingly, they will ask to see

tight budgets and astute sales goals.

Angels are out there, but you accept to attending for them. Ask around. Meet

with some stockbrokers, absolute acreage firms, and the like to get some names of

possible investors. If you are accommodating to accord up some power, equity, and decision

making, angels can accommodate an accomplished allotment antecedent for the new business.

If award an angel broker is allotment of your plan, you will charge to prepare

your pitch, do your research, acquaintance the angel, and analysis the deal.