It’s critical to have a well-defined business model in order to raise money successfully. Without one, you’ll not likely attract any impact investors.
Given that your business model is ultimately about how your business is going to make money, it’s imperative that you understand:
- your market
- how to best productize your offer to that market
- your supply chain particulars
- what the channels are for distribution
- the value you are creating for your target customers
If you haven’t begun the extensive process of developing your business model, we suggest you start with a simple and practical tool called the Lean Canvas. Here is detailed information on how to use the Lean Canvas and you can download the template for free: https://leanstack.com/LeanCanvas.pdf
Want to get prepared to raise capital successfully?
Download our Free Fundraising Checklist Here: https://thechangeagenthub.net/fundraising-checklist
Once you receive the checklist you’ll be redirected to a video walkthrough so you can use this checklist most effectively. And you’ll also be invited to check out our 9-step fundraising preparation roadmap with detailed information called Impact Incubator Immersion. This program is the exact process all our impact clients have used to raise capital successfully.
