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Business Mentor: Choosing the right investor for your business expansion

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How has your business been since getting back after a few months of hiatus? I am sure that much has changed since we stepped into the “new normal”.

I congratulate the small businesses which were launched from homes. Many of these new entrepreneurs may want to scale it up to serve more people.

Sometimes, it is best to keep the relationship that way than have the business ruin the friendship. It’s hard to keep things in the right perspective when two friends are really close. So, for the success of the business, it would be a whole lot better to find other people who can truly help you.As I mentioned earlier, to choose for the right investor, it should not always be the people who are close to you. You need to scout for the best person who can help you achieve your goals.

It is crucial to know the motives, plans, and goals of your prospective investor. You should trust him/her and be comfortable about sharing your plans with him. He/she has to have the right mindset and can act in the best interest of your company.

 

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