How To Build Startup Business (When You Haven't Found The Investors)

Thinking about starting up your own business? GREAT! Now you have started the very first journey to become a full fledged Entrepreneur!

But....how?

Well, while we may don't have any trusted tips in HOW to build your startup, but one thing for sure (and we believe as one of the most crucial thing to start it) is to find the investors (or whoever, including yourself that wants to spend a quite great deal of money in investing it into your startup until it is mature and profitable enough). And the spoiler is, it is not easy at all.. :(

We truly understand how it feels, as we also started as a Startup Business (well, every business is). 

The thing is, while it is crucial, that doesn't mean you have to give up just because you haven't found that "Angel" yet. The fact still remains that building business needs consistency and persistence efforts in order to make it survive, bigger, and profitable at the end.

One of the most inspiring story about it is the story of Rob Hull, the owner of Adaptive Insights company, that was rejected more than 70 times by the investors! 

Eventhough it was rejected that many times, now Rob Hull's Adaptive Insights has the value of around Rp 13 Trillion (no kidding!) 

And luckily (to us), he is more than willing to share some of his "proven" tips in how to survive and still running your business eventhough you haven't met your "savior" yet.

1. Keep Focusing On Your Business

The thing is, if you haven't found your investor yet, DON'T EVER STOP your business process! (just don't).

Yes, you could try tomorrow (or the day after, or next month) to find another potential investor, but your business needs to keep going anyway. So, never abandon it just for the sake to find the investor!

It would be extremely hard and exhausting (hell yes). But keep your business running and survive until you manage to find that willing investor is a MUST! There is no point in offering something that is not running at all to your potential investors anyway, right?

2. Have a Good Understanding of Your Financial Cashflow

As the founder (especially a quite inexperienced one), having a good understanding of your overall financial cashflow will help you a lot. Take notes on how the income will be generated, and the expenses need to be made. The key point remains the same : "Focus" 

Why is it so important? Well, financial cashflow is like the main foundation of your business. Keep it as strong and as steady as possible will ensure your business will nourish later and able to survive in its hardest times.

3. Minimize The Expense

After you have understood your business cashflow in a very well manner (the income and the expenses), first things first to do is to minimize the expense. When you have understood the business cashflow, you will be likely able to analyze which expense is not necessary and not important (and those are the one that you could cut right away!)

This is to ensure that the business's will always have enough money to cover up its most crucial needs, shall the urgent or unexpected urgent expense comes. Especially, when you haven't found that investor that will be willing to cover up your loss.

Just like they say, "Better safe than sorry"!

One of the most efficient way to do this is by having your own website, as your website will be one of your primary marketing tools that could be on 24/7 all over the world. Make sure you take the initiative to start looking for your trusted Web Design & Web Development Service now!

4. Ensure That Your Startup Will Solve "The Problem"

When you build a startup, you have know what kind of "Problem" what your startup business will surely solve. This way, the customers will see the "value" of your business, and thus, making your startup business has bigger potential to grow even bigger.

And when that growth is quite extraordinary, the investors are the one that will come to you (for sure).

5. Keep Improving Your Business

Lastly, never stop learning and improving your business. Always improve your business to become better, more effective, more competitive, in order to able to provide your potential customers will the most effective solutions. Also, don't forget to always provide the best services and / or products to your customers. It doesn't matter if it is not perfect (nothing will be anyway), but ensure that you could provide the best solutions based on your best abilities and expertise, and the customers will stay loyal to you no matter what.

For you who already own your own website, start consulting it with your trusted Web Design & Web Development service, and do some brainstorming of possible improvements in the future. Believe it that it will be worth it in the long run!

These 5 tips are not the absolute ways to get the investors. Of course, with some lucks, networks (and some twist of fate along the way), you may always get or lose an investor, regardless or how well standing or even unhealthy your business is.

But what is proved that by doing these 5 tips, you will be at least able to keep your business going and maintaining its growth periodically. And no matter of what kind of investors that you will find in the future, your business will always flourish at the end

Isn't that great? :)