Is investment really what it is made out to be? The pros and cons of external investment in a business
I went into business so I can call my own shots. I am pretty sure I am not very far off from other business owners. Once you start selling shares through investment, then you are answering to others. This is natural – they have borrowed your money, and they naturally want to know how you will repay them.
I got caught up in the investment-seeking fiasco. It sounds great, doesn’t it uses someone else’s money. But once I realised what I was risking, I soon backed off. Slow and steady will see me through (it will definitely help me sleep better at night!)
3 things to think about before getting external investment
1- Are you sure you need this? Are there other ways you can get this (asking family?)
2- Are you willing to delegate some of your power to somebody else?
3- If you get it very early stage, you will be losing a lot. Can you get it at a later point?