Call the local Chamber of Commerce in your area to find other local businesses that may be looking for investors. However, most users encounter the problem we mentioned above: identifying 1% of the most important startups in these directories is like trying to find a needle in a haystack. You can also adjust the filter for periods of three months to a maximum of 15 years, and the results will be adjusted to show the companies with the fastest growth rate during the selected period. Mainvest is making funding for small businesses more accessible by aligning incentives with those of community investors and empowering founders to set their own conditions.
There are steps you can take to minimize risk when selecting a business, as well as to find the business most likely to make a profit. Examine business or trade publications for information on new or established companies seeking investment. As a new investor, choose companies that have a clear plan for generating profits and a wealth of past experience. For too long, small businesses have struggled to access capital, while institutional capital has only benefited a small one proportion of entrepreneurs.
According to the Small Business Administration, roughly half of small businesses will fail in five years, making small businesses one of the riskiest investments you can make. If you're investing for the first time in a company, avoid investing in companies where the people involved don't have the right business experience to evaluate their capabilities. Mainvest supports local small business ecosystems by allowing the community to invest directly in local small businesses and, at the same time, providing access to capital on favorable terms for entrepreneurs.
