What are some common mistakes to avoid when seeking funding?
Entrepreneurs often make several mistakes when seeking funding, such as overvaluing their business, lacking a clear business plan, or failing to conduct thorough market research. Other common errors include not understanding the investorâs perspective, being unprepared for due diligence, and having unrealistic financial projections. Avoiding these pitfalls requires thorough preparation, realistic assessments, and effective communication. Itâs essential to be transparent about risks and challenges and to present a balanced view of the businessâs potential.