What is a Business Angel and how can it help you with your business?

If you're taking your first steps as an entrepreneur, you probably have a lot of concerns in mind, and one of them is how to get the funding your business needs. You probably also need to have someone experienced to help you with everything related to entrepreneurship. Below we talk about an important figure for you, and we explain it to you What is a Business Angel and how can it help you with your business.

What is a Business Angel?

Un Business Angel is a private investor who helps financially and/or by providing their experience to new entrepreneurs, in exchange for obtaining a multiplied return on their investment. Although the Business Angel is a real business angel who can be of great help to us in our first steps, we must not forget that this is unlikely to be done altruistically, most of these private investors will trust your idea because they believe that it can make them win in the future.

How can a Business Angel help your business?

Large companies such as Facebook, Google and Starbucks had this figure in their early days, which shows that a Business Angel can be a key player in getting your business off the ground.The way in which these angels help entrepreneurs is usually investing their own capital in the project. However, in some cases they invest more than that, making it available to entrepreneurs Your time. A priori, financial investment may be more attractive, but when you are taking your first steps in the entrepreneurial ecosystem and are moving through unknown terrain, having the first-hand experience of someone who has already traveled that path may be just what you need. Business Angels have been entrepreneurs before investors. In addition, they know a large network of contacts that can help you move in the business field when you have just started your own project.

How to find a Business Angel?

After reading all of the above, you are probably wondering: Where are these real angels hiding? The truth is that they are closer than you think. If you stop to think about it, a Business Angel can be any of your friends or family. However, there are many Business Angels who are willing to invest in projects, and who have the necessary experience in the field, which you can access through organizations that try to Bringing entrepreneurs together with the Business Angel that best suits your needs. The most recognized is Spain is AEBAN (Spanish Association of Business Angels Networks).

How to convince a Business Angel?

Obviously there is no magic spell with which you can convince any investor to bet on your idea, mainly because he is the one who has the last word. But there are a number of recommendations that you can follow to achieve this, besides, of course, your Project be interesting and have a solid business model. The team is very important, and you must know how to sell your idea, prepare a good presentation, and don't forget offer something in return, because you should not overlook the ultimate goal of these investors: to earn money. Now that you know what a Business Angel is and how it can help you in your business, are you going to have one of them?