Are you planning to start a new business in Florida? Will you need or want investors to help provide capital for your new venture? If so, you will no doubt need to understand some of the ways to best position you for the “yes” answers—and associated money—you seek to get your new company off the ground.
Most investors receive multiple requests for money so you must compete for their attention and their dollars. While you can never eliminate the risk involved with a startup, Entrepreneur Magazine suggests that putting things in place to minimize the level of risk to investors is possible and essential. From a product perspective, you should have thoroughly tested your concept, be ready to grow your operation efficiently and quickly, and have future plans for how to accommodate market and technology changes.
Do your research on any intellectual property issues to avoid running into trouble. Similarly, apply for or seek patents and registered trademarks that can help you protect your work. Make sure you have thought through every piece of your distribution channel from suppliers to final product distribution and have identified reputable vendors and partners. The strength of your leadership team, advisory boards or other groups can also make a big difference to potential investors. Take the time to cultivate the right relationships so that your organization is backed by the right expertise and experience.
This information is not intended to provide legal advice but general information for Florida entrepreneurs when preparing to seek investor funding for new business ventures.