Before seeking funding, entrepreneurs should be well-prepared:
1. Business Plan: A comprehensive plan that outlines the business model, market analysis, financial projections, and growth strategy. It demonstrates the viability and potential of the business. 2. Pitch Deck: A concise presentation to communicate the business idea, market opportunity, and funding requirements to potential investors. 3. Financial Statements: Accurate and detailed financial documents that show the current financial health and future projections of the business. 4. Legal Structure: Ensure the business is legally structured and registered according to local laws, making it more attractive to investors.