Finding Time to Find the Money
"The biggest challenge any entrepreneur will have in finding angel money is time to run your business and search for an angel. You can expect to spend considerable effort in networking and meeting key people along with developing a business plan to attract an angel. All this happens while you have to continue to focus on your business. Consider the 5 following tips to keep your sanity and business together:
Enlist Support...
Be Realistic: Don't expect an angel investor to appear out of thin air. It will take time...
Work with a manageable timetable...
Look for opportunities to take less urgent and non-revenue generating tasks to move them to another time frame...
Work Your Business Plan...
Keep a vigilant watch on key financial ratios, sales revenues, accounts receivables, and any other metric important to your business."
Read more in this post from About.com.
