Funding is the most critical part of your venture. Getting hold of funding proves half the success of your business which also drives you towards the rest of the half. So you need the help of a funding coach. It is even more crucial when the business is concentrated on driving sustainability. As a result, you need to understand the benefit of having a funding coach. Having a Funding Coach might sound luxury at the beginning. Let’s hold on to that thought until you have gone through the 8 benefits of having a Funding Coach in this blog post.
Successful funding accelerates the pace to hit the market since the acceptance, trustworthiness is already being built due to the funding success.
As a result, you need to understand the key 8 benefits of having a funding coach in order to rip the benefit fully.
Availing the right funds at the right time is an emotionally exhaustive journey. The frustration goes high when you know you are working hard to make the world a better place through your sustainable business yet you are failing to get any traction in terms of funding.
You probably have learned lots of tricks or strategies already but still, it might become even harder to identify the bottlenecks which are pushing you away again and again.
You are finding it hard to figure out where are you failing to attract the fund for your incredibly excellent venture!
Hence I give you a splendid solution. Go and get a funding coach right away. Even the best player in the soccer needs a coach to keep his/her game at the highest level and outperform others.
Let me take you through the 8 benefits of having a funding coach in the funding journey of your sustainable business:
1. Be accountable with the help of the funding effort
Funding coach primarily will generate a sense of accountability within you and your esteemed team. Accountability as in to build and continue developing the sustainable business plan and execute as per the plan in the investment and/or investor-friendly way.
You have to have someone who can hold you responsible for keep continuing your planned drive. That’s where the crucial role will be played by the funding coach.
2. Get what are you missing in your funding approach
Once you manage to get a funding coach, that means you have already convinced at least an external individual about your venture. Now it is time to just sharpen the pitch and prepare yourself the way funding sources would like to see it.
There is nothing wrong with it. All the funding sources have their own way to assess their potential investment for any of the businesses who are pitching.
3. Prepare the pitch in the best way to convince
I am sure you have hard about the necessity of the winning pitch to attract investments for your venture. The question is how? There are exhaustive checklists to prepare a successful pitch.
But you normally are not an expert on that. You have expertise in your venture. So take support from the funding coach to help you get prepared with your pitch deck.
An outsider’s look at your pitch will bring perfection in the pitch. Besides, the funding coach will also help you with the delivery of the pitch in a convincing way leading to a higher chance of succeeding.
4. Have feedback from the funding coach and become invincible
One to two feedback sessions with the funding coach can do a miracle for you and your venture. The right questions and feedback from the funding coach will force you to see what is it that your venture is missing out.
This will give you a fantastic opportunity to concentrate on the missing link by taking the feedback into consideration and prepare to become a winner.
5. Keep following up with the coach
Follow up is something most of us, as a human being, miss. Your funding coach can support you to create the right funding strategy together with you and help you follow up the strategy to make it workable.
The success of any strategy largely depends on the on-time in full execution. Until that point, you can not even do a proper evaluation whether it worked or not.
Funding coach will play such a crucial role by helping you actively to follow up in your plans until they are executed as planned.
6. Access to the network using funding coach’s network
The funding coach can support you in preparing the relevant offline contacts and establishing communications with potential funding sources.
The fund providers are exposed to hundreds of entrepreneurs who have been relentlessly pitching their business. You become one more to be added in the list of hundreds, the probability of getting attention is much less.
However, having the funding coach could help you to overcome such a challenge by accessing their own network. The chance to access the funding network becomes high if you have a strong reference from a professional funding coach.
7. Be prepared for a successful negotiation with support from funding coach
It is all about how do you sell your idea, yourself and how best you can do the win-win negotiation. It is fairly important to know how and where to give a break or make a small compromise. Difficult bid for entrepreneurs.
A funding coach, with vast experience, can become handy to help you prepare for the negotiation with the probable fund provider.
I have written a detailed blog on negotiation and tool to be used. Read it here.
8. Validate the effective financing model by the funding coach
There are certain aspects which are being looked after by the funding sources. Often entrepreneurs struggle to come up with a professional and lucrative enough financing model with the right exit strategy.
Funding coach can help you develop such a strategy by putting up the right financing model in place.
As entrepreneurs, you most often fail to see the loopholes in our funding strategy unless you hit the rock bottom. And when you do that, a substantial amount of resources, energy is already gone, let alone your emotional exhaustion.
Do not be alone in the challenging journey of funding and do not make your effort not so interesting.
Find a funding coach and become a team. Take the coach’s coaching and thrive for your desired goal in funding our venture. Do not shy away to look for a funding coach.
Book a 50 minute FREE online funding coaching session by clicking here
