Chris Burch Provides Great Advice
Chris Burch is a very successful businessman that is well known for providing a lot of great products and services to people. His most well-known ventures include the Tory Burch Company, which is one of the top retailers of fashion products and accessories in the world, and a number of boutique hotels. While he may be best known for these products and hotels, Chris Burch is also well known for helping small businesses get off the ground (thenewsversion.com).
Today, Burch spends a lot of his time investing in smaller tech companies that are looking to develop innovative products. While he provides direct investments into many of these companies, he has also helped hundreds of others through his business advice. Recently, Burch gave a variety of tips that a business could use to help raise the capital and equity in needs to thrive.
One of the biggest tips that he has provided for raising capital is to keep it simple when you are presenting to equity investors. Companies that are in the technology industry often are very detailed and very knowledgeable about product they are developing. However, they often forget that the people that they are trying to raise money from do not have the same background. Because of this, it is important to avoid being too detailed about the subject matter. Instead, you should keep it high level to ensure they are aware of what the product can do and why it is innovative.
Another tip is to avoid making up answers on the spot. When you are going through the process of raising capital from investors, you will likely get some questions that you never even thought of. Many people try to skirt around the issue and avoid answering the questions. However, a much better option would be to try and see if you can provide them with an answer at a later time. This will show more respect to the audience and will allow you to give a better response. This will also ensure that you are giving an accurate response and not accidentally misleading the investors.
For more of Burch business views, check https://www.entrepreneur.com/article/222766