My group which is the ice cream group had a meeting today at class with the business angels. We were going to try to reveal to the business angels that they could safely invest in our business. However, since this is the first time that were doing this activity, we did not clearly know what to do. The business angels asked us some questions about our plans. We mentioned a couple of our ideas about our marketing strategy like producing a different flavour every day, opening an ice cream shop chain and also doing some catering. However we were not prepared enough so we could not be successful. This activity made me understood that actually getting Money from investors is really hard and before looking for investors, one should look at each detail of the business he is going to start and be sure that his ideas are innovative enough. On Friday the Soundmap group will be talking to business angels and hopefully we will learn more about creating a good communication with the investors.
Complete this entry by learning what you learnt about investing in a business from the videos and the role play exercise.
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