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Hello Community! Have you struggled with finding ways to raise funds for your new business or simply want to know how to go about it? If so, then you’ll want to hang on tight. In episode 1 of our QuickBooks Small Business Success Stories Podcast, they chat about 3 pointers you can use to raise funds for your new business. Let’s take a look at what the episode in the QuickBooks Blog has to say.
- Fundraising is a skill you can learn: According to Kumordzie, a combination of practicing her spiel, taking advice on how to better convey her message, and creating documents to back up her pitch was a recipe for success. It is a skill that can be learned and improved on so don’t get discouraged!
- You learn from “no”: Anytime you get a “no” as a response, you only come out ahead. This is a time to take this as a learning opportunity and not as a loss. Having the perfect pitch takes time and practice.
- People invest in people, not companies: It’s important to build relationships within your community. There are two things that you must convince investors of according to Kumordzie. No. 1: that the problem that you're solving is a big, important, and urgent problem that needs to be solved. And No. 2: that you are the right person or the right team to solve that problem.
It's important to have trust and believe in yourself, your idea, and your position in order to bring your idea to life. For the full podcast and article, make sure to check it out here. See you next time!
