As an entrepreneur, you need to come up with a solid business plan. A business plan does not always predict the future of your business, but it will serve as an early and middle stage of business development. Keep in mind, if you know this, it will work and help to attract funds and potentially get new clients. In order for your business plan to become more solid and attractive, you need to think like an investor. This can help you increase your chances, be more objective, and focus on the financial aspects especially in practice. To find out, you need to know what aspects are prioritized by investors, as reported by Entrepreneur.
Profitability
Every investor wants to contribute to a business with high profitability potential. Reliable or savvy investors are usually more interested in how practical the idea is, how much it costs, and how quickly it starts making money.
Scalability
Investors are also usually concerned with scalability. If you don’t have an expansion plan or a plan to multiply your income, then there’s a hard limit to how much money the business can make.
Mitigation of risk
Every business will come with risk, but a good investor will …