What are the common mistakes to avoid when approaching angel investors?
Some common mistakes include not having a clear business plan, being unprepared for questions, and undervaluing your startup.
Can you elaborate on why having a clear business plan is important?
A clear business plan demonstrates your vision and strategy, helping investors understand your goals and how you plan to achieve them.
What should I include in my business plan?
Your business plan should include an executive summary, market analysis, marketing strategy, financial projections, and an overview of your team.
How can I prepare for questions from investors?
Research common investor questions, practice your pitch, and be ready to discuss your financials, market potential, and competition.
What if I don't have all the answers?
It's okay not to have all the answers. Be honest, express your willingness to find out, and show your commitment to learning.
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