Securing huge sums of money from major business figures may seem like the ideal way to propel a business forward, but there are better alternatives – like crowdfunding and small loans – that let you retain full ownership.
Q: G’day Richard. I am a young engineering student with little to no practical experience as an entrepreneur. I think I’ve got a great idea, a ready and capable team, but have little money to pursue commercializing my novel product. I fear that potential investors will not take me seriously because of my age (21) and inexperience. How can I convince seasoned investors to believe in my team and invest in my idea?