Know what business you are in!
(Research and Development, Manufacturing, Distribution, Sales or Service)
Attempting to do all five areas is extremely expensive and risky. Each
area is a business of all its own and has its own financial dynamics. Be
focused on what you do best and out-source the rest.
HealthBiotics Startup Success Story
Have a well-rehearsed and polished
presentation. Remember that you are a
"Salesman" for your
business first and a "Techie" last.
selling the investor on the wisdom of his investing with you and you
must answer the key investor questions. You should
not spend the bulk of your time describing your product or service.
Spend time on the market, management and financials