As an entrepreneur, one of the best things you can do to attract the attention of investors and win them over is to run your company on a business operating system. Business operating systems demonstrate to potential investors that your company is layered with accountable talent who can execute.
With that in place, you can cultivate successful investor relationships through these three tactics:
- Clearly define your vision and plan, then share it internally and externally.
Create and document a clear plan and direction for your business with your chief of operations to make sure that the two of you are on the same page. Set long-term goals and milestone targets to keep you on track along the way.
- Don’t hide the issues.
Transparency builds trust when it comes to working with investors. Instead of sweeping issues under the rug, create a culture of open and honest communication where employees can discuss and solve problems and roadblocks in an effective and organized way.
3. Invest in the right structure, the right culture, and the right people.
Hire people who passionately believe in your vision and embody the core values of your company. Building a committed team invested in their work will reduce turnover and cultivate the kind of collaborative culture that breeds success.