Best Way Of Finding Mentor & Investors For Business

Original Post:

A

Arehman99

Free Member
Jun 20, 2020
55
4
  • #1
    Hello,

    I am quite new to the business world and my query was:

    1. How do you usually attract investors? Do you go out and search for them or is it vice versa? I think there are websites aswell where one can post but I saw an article where it says investors do tend to approach businesses aswell.

    2. Where should one look to find a mentor? And do they charge?

    Thank you
     
    • Like
    Reactions: shahid1982
    Solution
    Ozzy
    There are other questions behind your first one which you are not asking, relating to how to prepare your business for investment before you go looking to for them. Your business needs to be attractive to investors.
    However I'll stick to your questions asked...

    1.
    There are investor network group and organisations you can join. The one that I'm most familiar with is Angels Den but there are others. There are also investment consortiums which you can contact where you can add your business to their portfolio.
    For me I went out hunting personally and you soon find some investors know other investors and bring their friends to the party.

    2.
    This is a bit tricky to answer because I actually don't know. I'm a mentor but I would not call...
    Log in to reply
    Ozzy

    Ozzy

    Founder of UKBF
    UKBF Staff
    • Feb 9, 2003
    8,336
    11
    3,476
    Northampton, UK
    bdgroup.co.uk
  • #2
    There are other questions behind your first one which you are not asking, relating to how to prepare your business for investment before you go looking to for them. Your business needs to be attractive to investors.
    However I'll stick to your questions asked...

    1.
    There are investor network group and organisations you can join. The one that I'm most familiar with is Angels Den but there are others. There are also investment consortiums which you can contact where you can add your business to their portfolio.
    For me I went out hunting personally and you soon find some investors know other investors and bring their friends to the party.

    2.
    This is a bit tricky to answer because I actually don't know. I'm a mentor but I would not call myself a professional mentor and definitely not by trade. I mentor a couple of owners of small businesses and also some students. I don't advertise, I don't belong to any clubs, and I don't want any mentor clients. People find me, ask me, and if I like them and their business interests me I might help but I don't go looking and I really don't have the time.
    I don't charge the students. I do charge the businesses, and I value my time highly, except one which is a quid-pro-quo as her business provides services that helps my business in return.
    In my experience mentors become mentors through their network and personal relationships.
     
    • Like
    Reactions: MOIC and fisicx
    Upvote 1
    Solution
    D

    Deleted member 348872

  • #4
    It's difficult. I would like to team up with someone as i have money and skills but lack ideas. Problem is i dont want to get involved without knowing the business or idea details and the other side dont want to give details to a stranger. If you want investment then isn't their family who would take a percentage if they think your idea is good? Mentorship you can ask questions on here or join some networking groups etc.
     
    Upvote 0
    MOIC

    MOIC

    Free Member
    • Nov 16, 2011
    7,391
    1
    1,991
    UK
    myofficeinchina.com
  • #5
    Arehman99 said:
    Hello,

    I am quite new to the business world and my query was:

    1. How do you usually attract investors? Do you go out and search for them or is it vice versa? I think there are websites aswell where one can post but I saw an article where it says investors do tend to approach businesses aswell.

    2. Where should one look to find a mentor? And do they charge?

    Thank you
    Click to expand...
    What business are you planning on opening and how far have you got so far?
     
    Upvote 0
    B

    Blackford Biz

    Free Member
    May 23, 2021
    35
    7
  • #6
    1. When I financed our MBO several years back, I approached our solicitors (corporate lawyers) who had a number of investors, business angels and private equity arms of banks to put forward. I knew of several financial adviser businesses (helping businesses in trouble) and in turn they offered help or names on their network.

    2. Before engaging with a mentor, closely define what your objectives are and what you want him to do., and the timescale. Pay him a small fee and a results based bonus, if you can. Most mentors, like myself, are retired or have free time so more likely to become invested in your project. Remember that a mentor is completely different from a coach.

    You should have a current business plan and funding document which shows up to date actual financials & KPI's along with a good market analysis and sensitivity analysis.
     
    Upvote 1
    Ozzy

    Ozzy

    Founder of UKBF
    UKBF Staff
    • Feb 9, 2003
    8,336
    11
    3,476
    Northampton, UK
    bdgroup.co.uk
  • #7
    I see the latest update that blocks spammers from posting links is working ??.

    To the OP, you can completely ignore @parkeradam916 's post as they were just trying to post some spam links and not actually answer your question.
     
    • Like
    Reactions: japancool, The Byre and fisicx
    Upvote 0
    Log in to reply

    Latest Articles

    Top Bottom
    Community
    Articles
    Menu