Create a prototype or MVP - a minimum viable product that demonstrates the key features and capabilities of the project. This will add specificity and allow the investor to better understand your proposal.
Calculate unit economics - the economics of one conventional unit of business, in order to show the investor the profitability and marginality of the project in the long term.
Prepare documents . Different types of investors argentina whatsapp number data may require a business plan, financial model, pitch presentation, investment memorandum, Term Sheet and other papers.
Knowing the competitive landscape will allow you to more clearly position your product and justify its advantages to the investor.
Set up metrics and reporting . The investor will want to see a transparent system of project performance indicators and regular reporting on them.
Form a development plan . An investor needs a business growth strategy, understanding revenue targets, market share, and breakeven points for several years ahead.
Anticipate risks . You need to be open about potential problems and obstacles, and have a plan to prevent them or minimize their consequences.
Determine the need for investment . It is important to clearly understand what amount is needed, what it will be spent on and how it will help the project reach a new level.
On the topic: Retail investors named the most unprofitable investments.