I made a list of the best investors in my industry and pitched them all, months before the company was ready, just to get on their radar.
I also sent them weekly progress updates for the next seven months. At first, most of my e-mails went unanswered.
But eventually, almost every investor responded to my progress reports with feedback. By the time we were ready to raise a round of funding for Brand-Yourself.com, I had already established mentor relationships. And the investors had a strong sense of how the company operated.
We raised more than $1.25 million during that first round. As a first-time entrepreneur with no track record, the best thing you can do is get on investors' radar early.
Starting a business in a downturn is not necessarily crazy. Many have done it successfully. Here are some strategies for entrepreneurs.
