You and two other students started a new business venture a little over a year a

Question

You and two other students started a new business venture a little over a year ago. The business took a loan for $30,000 from a bank and each of you was able to find one investor (family members) to invest $10,000 each. At this point, you are running low on funds and the bank will not loan you additional funds. You believe you are six months away from turning a monthly profit and need an additional $30,000 of capital to get there. You call a meeting to discuss your next steps. What do you suggest to the other investors regarding your strategy? What is your strategy?

Explanation / Answer

Ans: We have to convince the investors that you are worth investing in by basing on some of the below startegies are as follows:
  
1. Before calling up for the meeting with investors we need to have a proper Business plan. Some of the good investors will have a look not only on the company sucess and profits but also on how well you organized and sturctured your business plan.  
2. We need have a proper presentation regarding the time lines, when we are making the profit etc
3. Explaining about our Vision, Views, thoughts about our business and how we developed the company till now.
4. We need to have proper check on the current marketing approach which are following on the business.

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