When You’re an Inventor, Money Matters - dummies

When You’re an Inventor, Money Matters

Part of Inventing For Dummies Cheat Sheet (UK Edition)

Make certain you have adequate financial resources. You don’t want to start developing your product and then be forced to quit halfway through. Funding sources can include:

  • Anyone and everyone who tells you that your product is wonderful. Ask them to put their money where their mouth is. Don’t deny them a wonderful investment opportunity.

  • Investor and entrepreneurial networking meetings. These can be really helpful. Follow up on any referrals; nearly all funding comes from them.

If you have to bring investors into your business, make sure to look for more than just money. You want an investor with business savvy, experience, and funding friends.