David vs. Goliath - Part 2 - Battling Giants - How Startups can Competing Against FAANG - Facebook FB, Amazon AMZN, Apple AAP, Netflix NFLX; and Alphabet/Google GOOG

This is part two of a series we are doing on David vs. Goliath and battling giants. I will talk about how startups can compete against the FAANG companies and other major, well-funded, legacy competitors. The FAANG are Facebook FB, Amazon AMZN, Apple AAP, Netflix NFLX; and Alphabet/Google GOOG

Click here for part 1

Battling Giants - Lesson 2 - Confidence

"If you hear a voice within you say ‘you cannot paint,’ then by all means paint, and that voice will be silenced."

Vincent Van Gogh

In the story of David and Goliath, we are told David goes into battle with five stones. Why five? Maybe so he can have five shots at Goliath?

Bible scholars speculate that David chose five smooth stones because Goliath had four brothers, and David was readying himself to dispatch all five giants. This theory is based on 2 Samuel 21:15–22. That passage lists four very large Philistines who were related to Goliath in some way.

Now that is confidence.

Entrepreneurs must demonstrate confidence. Customers need to believe that you will deliver your products or services. Investors want to be assured that you will produce a healthy returns on their investments. Your team needs to know that you will still be there tomorrow. 

Tips for Building Entrepreneurial Confidence

1. Fake It Until You Make It. Ask yourself "If I was a successful entrepreneur, what would I do?" Than do those things. It may sound a bit silly, but it works.
2. Keep learning. Learning about your business and industry will do wonders. Always be aware of seminars and courses that can keep you up-to-date on your industry or make you more in-the-know in regard to business overall.
3. Have a clear vision. One method to improve your confidence is to establish objectives. By having a concise vision of what you want your business to become, you will be in an improved position to work toward that goal. Do not make goals that are overly broad, such as "I want to make a lot of money." Instead, aim toward something like "I want to add three new customers a month" or "I want to see a rise in my search each week." As you establish measurable objectives, it is possible to view your progress. Also, it will make you more confident.
4. Become optimistic. Negativity has the ability to reduce your motivation and drag you down. As we surround ourselves with good energy, we are automatically more productive. Have a power group of positive influences around you who'll support your goals. Not only are they able to provide you a little push when you are feeling sluggish, they're also able to reel you in when you get a bit off track.
5. Take calculated risks. Helen Keller once said, "Life either is nothing at all or an adventure." Do things that temporarily remove from your comfort zone. Make sure these things are consistent with your vision. Don't forget to manage your downside risk. Taking caluculated risks means that the reward for taking the risk far outweighs the downside risk of failing. That is the difference between calculated risk-taking and reckless gambling.
6. Ditch doubt. If you possess good ideas, but a phobia of moving ahead has you paralyzed, take it step by step. Many times we'll blame lack of knowledge, funds, and support when in fact we're blocking our road to success. Do not listen to negativity; have faith. You may be shocked at what you're able achieve.
7. Recognize small things you have accomplished. As you make that initial sale, celebrate. As you diffuse a problem that might have exploded out of control, give yourself a pat on your back. Those little victories will serve as a reminder of how talented you are and that you have more business successes to go.

One of My Favorite Story About Confidence

On November 14, 2013, The Wall Street Journal reported that Facebook offered to acquire Snapchat for $3 billion from Evan Spiegel. Spiegel was a college dropout and living in his father's basement. Spiegel declined the cash offer. 

Was that a good decision?

In 2020, Snapchat is a publicly traded company on the New York Stock Exchange (NYSE) and Evan Spiegel's net worth is estimated to be $3.4 billion dollars.

Are you looking for investors for your business, contact us today, funding@omegaaccelerator.com.  

Are you interested in angel investing and helping us fund early-stage businesses? Email info@OmegaAccelerator.com. 

Sources and Links
https://www.goalcast.com/2018/07/16/confidence-quotes/
https://www.gotquestions.org/five-smooth-stones.html
https://www.inc.com/murray-newlands/6-tips-to-build-self-confidence-for-business-success.html
www.investopedia.com
https://www.biblegateway.com/passage/?search=1+Samuel+17&version=NIV
https://abcnews.go.com/Business/ceos-founders-lived-parents/story?id=26888490

https://www.linkedin.com/in/rencarlton

https://rencarlton.blogspot.com
https://twitter.com/RenCarlton
https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ
https://omegalegacyacceleratorx.com/924-2/https://www.facebook.com/TheOmegaAccelerator/
https://www.instagram.com/omega.funding/
https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html


Disclaimer: This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service. We are not offering any legal, investment, tax, or medical advice. Please consult the appropriate professional before doing anything you learn from the content posted on any of our digital properties. All stories are based on true events, but are altered to protect the identity of the individuals involved.

The Most Common Mistake Founders Make When Raising Money - Friction-Less Fundraising - Ren Carlton

If you have been following me for a while, you may remember my story about the guy in the desert,

As you probably already know, raising money can be tough. Investment dollars are are limited and less than 1% of small businesses successfully raise capital.

Let's talk about how you can beat the odds and find funding

Frictionless Fundraising

One of my main priorities when raising money is to make it as simple as possible. We call it Frictionless Fundraising. How can I make it very easy for someone to invest in my business?

The Most Common Mistake Founders Make When Raising Money

Around 20% of founders ask me to sign an NDA when I am evaluating their business for investment. A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA) or secrecy agreement (SA), is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to. 

Founders frequently ask potential investors to sign an NDA before sharing some or all of the information that is available about their business. I think this is often a bad idea.

Reasons Why We Will Not Sign Your NDA

-We have thousands of other investment options.
-We don't have time to read your NDA.
-How can we promote you to other investors if we cannot talk about your idea?
-What if we are already working on a similar idea with another group?
-What if we receive a similar idea in the future?
-If secrecy is the only thing special about your business we are not interested anyways. Build your moat...
-You probably don't have the funding to protect your idea.

-You may not be able to legally protect your idea.

Ideas are a dime-a-dozen in the information age. Structure, process, and execution is what creates entrepreneurial success. Adding an additional layer of complexity to your search for investors is not a good idea.

Ways to Make It Easier for Angel Investors to Invest in Your Business

-Have basic information ready to send.
-Answer questions pleasantly.
-Don't answer questions with questions.
-Don't ask too many questions.

Are you looking for investors for your business? Contact us today, funding@omegaaccelerator.com

Are you interested in angel investing and helping us fund early-stage businesses? Email info@OmegaAccelerator.com

Click here if you would like me to personally consider investing in your business. If I do not personally invest, I will give you specific tips for finding funding for your business. 100% satisfaction guaranteed or your money back.  https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html

Sources and Links:
https://en.wikipedia.org/wiki/Non-disclosure_agreementhttps://en.wikipedia.org/wiki/Non-disclosure_agreement
https://www.linkedin.com/in/rencarlton
https://rencarlton.blogspot.com
https://twitter.com/RenCarlton
https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ
https://omegalegacyacceleratorx.com/924-2/https://www.facebook.com/TheOmegaAccelerator/
https://www.instagram.com/omega.funding/
https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html



Disclaimer: This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service. We are not offering any legal, investment, tax, or medical advice. Please consult the appropriate professional before doing anything you learn from the content posted on any of our digital properties. All stories are based on true events, but are altered to protect the identity of the individuals involved.

David vs. Goliath - Battling Giants - How Startups can Competing Against FAANG - Part 1 - Facebook FB, Amazon AMZN, Apple AAP, Netflix NFLX; and Alphabet/Google GOOG

This is part one of a series we are doing on David vs. Goliath and battling giants. I will talk about how startups can compete against the FAANG companies and other major, well-funded, legacy competitors. The FAANG are Facebook FB, Amazon AMZN, Apple AAP, Netflix NFLX; and Alphabet/Google GOOG

The Original Story - David vs. Goliath 

Here are some excerpts from the Samuel 17, just in case you are unfamiliar with the bible story of David and Goliath.

A champion named Goliath, who was from Gath, came out of the Philistine camp. His height was six cubits and a span [about 9 feet 9 inches]. He had a bronze helmet on his head and wore a coat of scale armor of bronze weighing five thousand shekels [about 125 pounds or about 58 kilograms]; 6 on his legs he wore bronze greaves, and a bronze javelin was slung on his back. His spear shaft was like a weaver’s rod, and its iron point weighed six hundred shekels [about 15 pounds or about 6.9 kilograms].

He [David] took his staff in his hand, chose five smooth stones from the stream, put them in the pouch of his shepherd’s bag and, with his sling in his hand, approached the Philistine.

Meanwhile, the Philistine, with his shield bearer in front of him, kept coming closer to David. He looked David over and saw that he was little more than a boy, glowing with health and handsome, and he despised him.

As the Philistine moved closer to attack him, David ran quickly toward the battle line to meet him. Reaching into his bag and taking out a stone, he slung it and struck the Philistine on the forehead. The stone sank into his forehead, and he fell facedown on the ground.

So David triumphed over the Philistine with a sling and a stone; without a sword in his hand he struck down the Philistine and killed him.

David ran and stood over him. He took hold of the Philistine’s sword and drew it from the sheath. After he killed him, he cut off his head with the sword.

In Malcolm Gladwell's book David and Goliath, Gladwell points out that giants are not what we think they are. The same qualities that appear to give them strength are often the sources of great weakness. And the fact of being an underdog can change people in ways that we often fail to appreciate.

Battling Giants - Lesson 1 - Target a Specific Niche

David was properly equipped to battle Goliath. He wore no armor and used a deadly projectile weapon. He was fast and mobile. Goliath wore heavy armor and held a heavy weapon. He was slow and immobile. He was well equipped to go into a war leading a massive army. But he was not prepared to battle with a fast, single sharpshooter. Goliath didn't stand a chance.

Battling modern day giants with virtually unlimited resources requires you to focus on a specific niche. Otherwise, your marketing costs alone will likely bury before you get started.

Amazon launched in 1995 as a website that only sold books, founder Jeff Bezos had a vision for the company's explosive growth and eCommerce domination. He knew from the very beginning that he wanted Amazon to be "an everything store."

In 1997, Reed Hastings founded Netflix, a DVD-by-mail rental service at the time, in part after being frustrated with a $40 late fee from Blockbuster.

Mark Zuckerberg competed with MySpace by focusing on students at Harvard.

Notice a pattern? All of these FAANG companies started by attacking a very specific niche. Niches may include:

-Type of service or a subset of a service, e.g. Uber for eats

-Specific attribute of an existing business model, e.g. Free delivery 

-Geography, e.g. city or state
-Demographic, e.g. white females 25-35
-and more

Once you pick your specific niche, you can properly equip yourself for battle.

Are you looking for investors for your business, contact us today, funding@omegaaccelerator.com.  

Are you interested in angel investing and helping us fund early-stage businesses? Email info@OmegaAccelerator.com. 

Sources and Links
https://www.reliableplant.com/Read/2432/power-of-a-clear,-concise-vision
https://www.ocregister.com/2014/01/28/status-update-reddits-ohanian-motivated-by-rounding-error/
https://deanyeong.com/reading-note/david-and-goliath/
www.investopedia.com
https://www.goodreads.com/quotes/536961-the-reasonable-man-adapts-himself-to-the-world-the-unreasonable
https://www.biblegateway.com/passage/?search=1+Samuel+17&version=NIV
https://www.linkedin.com/in/rencarlton
https://rencarlton.blogspot.com
https://twitter.com/RenCarlton
https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ
https://omegalegacyacceleratorx.com/924-2/https://www.facebook.com/TheOmegaAccelerator/
https://www.instagram.com/omega.funding/
https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html


Disclaimer: This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service. We are not offering any legal, investment, tax, or medical advice. Please consult the appropriate professional before doing anything you learn from the content posted on any of our digital properties. All stories are based on true events, but are altered to protect the identity of the individuals involved.

How I Angel Invest - Ren Carlton Investment Criteria and Current Angel Investments

I literally receive thousands of pitches. Since I do not have unlimited time or capital, I use strategies to make the review process as efficient as possible. This includes investing and supporting companies that meet as much of my selection criteria as possible. 

Ren Carlton Investment Criteria

- Hot industry
- Scalable
- 10X potential return in 3-5 years
- Low downside risk
- Low regulation
- Avoid companies with legal risks, especially ones with risk of imprisonment
- Likable founders with skin in the game
- Low startup costs
- Not a lot of hard assets
- Access to capital
- Fast path to profitability and positive cash flow
- Ability to leverage technology
- Unfair advantage
- Moat to protect against competition
- Ability to compete with the FAANG companies if necessary, Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX); and Alphabet (GOOG) (formerly known as Google)
- Exit plan or path for me eventually to receive my Return on Investment (ROI)

Ren Carlton Current Angel Investments* 

-Asarasi - The future of water, sourced from trees
-Avenify - Marketplace lending platform for Income Share Agreements (ISAs)

-Bounty0x - Discover, track, manage and pay Influencers for sponsored content at scale

-Buff Bake - Adding healthy and nutritious benefits to traditional snacks
-CallingDr - Connecting doctors with patients anytime, anywhere
-Choose Health - Simple, affordable, at-home health testing

-Cloudastructure - Facial Recognition, AI, Machine Learning for Cloud-based Video Surveillance

-Delee - Blood testing device for early diagnosis of cancer and treatment monitoring

-Dented Brick Distillery - High capacity distilled spirits plant

-Dynamic Advisory Solutions - Outsourced CFO services
-Elite Amateur Fight League - The multi-billion dollar MMA industry's National Amateur Platform
-Elemeno Health - Empowering staff at the point of care: Improving safety, and fighting COVID
-Fleeting - Connecting commercial drivers with on-demand trucking jobs

-Genobank.io - incognito & encrypted DNA extraction kit - see their video on Meet the Drapers vimeo.com/404737658/d472095c35 

-HelloWoofy.com - Personal social media manager driven by artificial intelligence
-Hive - Global membership community working together to solve humanity’s greatest challenges

-Horizon Aeronautics Inc - Hover bikes, hover cars and augmented reality navigation systems https://register.omegadestiny.com/legendary-nfl-and-nba-athlete-tj-wrights-hover-bike

-Michigan Physicians Society - Help physicians maximize their earnings potential 

-Nada - Buy and sell your home online, pay nada
-NanoVMs - Upending 50 years of operating system hegemony, building a new OS to run linux apps faster/safer using unikernels.

-Omega Accelerator - Accelerating Financial Freedom Through Angel Investing
-PittMoss - A revolutionary new growing media

-Rencat - Digital sales and marketing agency

-Rocket Dollar - Self-directed retirement accounts for the active alternative asset investor

-SkillSoniq - Connecting companies with freelancers using AI

-Soar Robotics Cloud-connected robotic intelligence platform for drones

-Swipeby - SaaS+ platform turning restaurant into a virtual drive-thru with curbside pickup
-Upshift - Fractional car leasing service for low mileage drivers - republic.co/upshift
-Vessel Biosciences - Portable vein illumination device 

-Vivoo - Personal wellness advice through at-home urine sample analysis
-Zephyr Aerospace - A lie-flat airline seat for Economy Class travelers

Feel free to message me if you would like to learn more about any of the above opportunities.

This is intended to be a live document which will be updated periodically as the above information changes.

Are you looking for funding for an idea or business, send us your stuff and we will take a look, Funding@OmegaSeedFund.com

Are you interested in investing time or money into any of our businesses, Invest@omegaseedfund.com

Are you interested in promoting your product or service to our audience, contact Opportunities@OmegaSeedFund.com

Sources and Links
www.investopedia.com
https://www.linkedin.com/in/rencarlton
https://rencarlton.blogspot.com
https://twitter.com/RenCarlton
https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ
https://omegalegacyacceleratorx.com/924-2/https://www.facebook.com/TheOmegaAccelerator/
https://www.instagram.com/omega.funding/
https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html

Disclaimer: This is only for informational and discussion purposes. This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service. We are not offering any legal, investment, tax, or medical advice.Please consult the appropriate professional before doing anything you learn from the content posted on any of our digital properties. Stories shared are mostly based on true events, but may be altered to protect the identity of the parties involved. Any numbers or figures are possibly estimates based on assumptions that may be proven to be inaccurate or subject to change.

* Note: This list is incomplete, may not reflect recent trading activity, and is subject to change without notice. These angel investments may be owned by Ren Carlton directly or indirectly through trusts, separate legal entities, and/or warrants/options. 

Hunting Unicorns - Angel Investing vs. Other Investments, Risks vs, Rewards, Ren Carlton

How much volatility did your portfolio experience over the last few weeks?

Now is a great time to evaluate your investment strategy and consider angel investing. When comparing angel investing to other forms of investments, here are a few things to consider:
- Liquidity, Startups are typically not liquid compared to other investments. If you need your cash quickly, this is probably not a good option for you.
- Risk of Loss, When you invest in early-stage businesses, you can lose your entire investment. This is why experienced angel investors typically have a portfolio of startups.
- Impact of Global Events and Black Swans - This varies wildly, some startups benefit during changing times, others are destroyed.
- Control and Influence - Most founders welcome help from their investors.
- Potential for Extraordinarily High Returns - It is not outside the realm of possibility for a startup investment to produce an ROI of 10X, 100X, or even more.

Potential High Risks, Potential High Rewards

Let's assume a well-balanced portfolio of startup investments is targeted to yield of an IRR (internal rate of return) of 25%. This is a cash-on-cash return of approximately 3X over 5 years, 9X over 10 years. Again, obviously returns are never guaranteed and it is possible to lose all your investment.

Let's also assume you invest $5,000 and let it sit untouched for 30 years. There is a huge difference in your potential ROI:
Bank, 1% = $6,739
CDs, Money Markets, Bonds, 5% = $21,610
S&P 500, Large Cap Stocks, 10% = $87,000
Real Estate, 15% = $331,000

Angel Investments, 25% = $4 million

Here are some examples of unicorns and their returns:

$250,000 invested in Google in 1998, worth $1.6 billion in 2019
$10,000 investment in Uber in 2010, worth $127 million in 2015
$100 investment in Bitcoin in 2010, worth $28 million in 2017

My fear of missing out on these types of returns far outweighs my fear of loss.

Are you looking for funding for an idea or business, send us your stuff and we will take a look, Funding@OmegaSeedFund.com

Are you interested in investing time or money into any of our businesses, Invest@omegaseedfund.com

Are you interested in promoting your product or service to our audience, contact Opportunities@OmegaSeedFund.com

Sources and Links
https://metrostart.org/blog/2016/07/11/260-return-on-startup-investments/
https://techcrunch.com/2012/10/13/angel-investors-make-2-5x-returns-overall/
https://www.linkedin.com/in/rencarlton
https://rencarlton.blogspot.com
https://twitter.com/RenCarlton
https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ
https://omegalegacyacceleratorx.com/924-2/https://www.facebook.com/TheOmegaAccelerator/
https://www.instagram.com/omega.funding/
https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html

Disclaimer: This is only for informational and discussion purposes. This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service. We are not offering any legal, investment, tax, or medical advice.Please consult the appropriate professional before doing anything you learn from the content posted on any of our digital properties. Stories shared are mostly based on true events, but may be altered to protect the identity of the parties involved. Any numbers or figures are possibly estimates based on assumptions that may be proven to be inaccurate or subject to change.

Is Now a Good Time to Invest? Angel Investing and More During Corona Virus, COVID-19, Ren Cartlon

Is Now a Good Time to Invest? 

Most investment advisors will tell you it is impossible to time the market.

The efficient market hypothesis states that all stocks are always perfectly priced because of the availability of information. Today, this is mostly because of the internet. 

Are their investment deals out there?

Here are my thoughts.

-Real estate, based on my research, pricing has not been greatly affected yet. This may be due to a combination of the time-of-year and stimulus money. I think there will be some interesting real estate investment opportunities coming soon.

-Restaurants, I heard that anywhere from 10%-30% of restaurants are expected to close because of the Covid-19 quarantine. Once things return back to normal, it may be time to purchase one of these businesses if you dreamed about owning a restaurant.

-Sports and entertainment, I think it will be a while before any large groups of people pack into any close-quarter venue. 

-Startups are being greatly impacted. Corona will likely serve a death blow to businesses already on the brink of failing. 

One of the worst stories I have heard so far is from a company that raised over $300,000 from over 1,000 investors on a crowdfunding platform before Corona hit. Because of the impact of Covid-19 impact on this business, the crowdfunding platform refused to release the money and has suggested that they may have to give the money back. 

The Good News?

Survivors will likely be rewarded by the elimination of competitors.

We are also promoting our White-Knight Accelerator to help good businesses that are being struggling because of Covid 19. Contact us today for more information or if you would like to be involved.

As always If you like this content, please share this with three friends and smash that like button.

Contact us today if you want to raise capital for your business, funding@omegaaccelerator.com.  

Are you interested in helping businesses while enjoying the potential high returns of angel investing? Email info@OmegaAccelerator.com. 

Click here if you would like me to consider investing in your business. If I do not personally invest, I will give you specific tips for finding funding. Unlimited follow-up meetings. 100% satisfaction guaranteed. https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html

Sources and Links
https://www.investopedia.com/articles/basics/04/022004.asp
https://www.linkedin.com/in/rencarlton
https://rencarlton.blogspot.com
https://twitter.com/RenCarlton
https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ
https://omegalegacyacceleratorx.com/924-2/https://www.facebook.com/TheOmegaAccelerator/
https://www.instagram.com/omega.funding/
https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html


Disclaimer: This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service. We are not offering any legal, investment, tax, or medical advice. Please consult the appropriate professional before doing anything you learn from the content posted on any of our digital properties. All stories are based on true events, but are altered to protect the identity of the individuals involved.

How Your Business Can Thrive During Crisis - The Art of the Pivot - Corona Virus, COVID-19, and Ren Carlton

What do Starbucks, Twitter and Nintendo all have in common?

They all pivoted

-Starbucks started out selling espresso machines
-Twitter was a platform for finding podcasts
-Nintendo produced vacuum cleaners


Pivoting means changing your focus or strategy. There are a number of reasons to consider pivoting your business, including:

1. Introduction of new opportunities and restrictions: In today's Corona Virus environment, quarantine and stimulus money are two things that should be investigated. I


2. Pivoting can create opportunities to expand revenue.

Whether it’s exploring new markets, services or products, pivoting can help create opportunities to expand revenue. Research and analysis are key here.


3. It’s easier to stay relevant.

A services company may realize X service is no longer in demand, unlike Y service which is. Remember, business is about finding a need and filling it. Pivot toward the more relevant service.


4. Some of the best ideas come from testing different ideas.

I subscribe to the lean startup approach to building businesses. Entrepreneurs must investigate, experiment, test, and iterate as they develop. 

5. It can reinvigorate the business.

Pivoting is a great way to bring new life to the business. All businesses must evolve if they want to stay current with their audience and competitive within their industry. Being stagnant is boring and uninspired. 

One of the biggest competitive advantages for small businesses is the ability to pivot quickly. You need to be ready to do this early and often. The art of the pivot is knowing when to be persistent and when to pivot

- Persistent: Continue operating the current business model The art of the pivot is knowing when to be persistent and when to pivot

- Persistent: Continue operating the current business model 

- Pivot: Abandon or pause the current business model to pursue new opportunities that may be better

Contact us today if you want to raise capital for your business, funding@omegaaccelerator.com.  

Are you interested in helping businesses while enjoying the potential high returns of angel investing? Email info@OmegaAccelerator.com. 

Click here if you would like me to consider investing in your business. If I do not personally invest, I will give you specific tips for finding funding. Unlimited follow-up meetings. 100% satisfaction guaranteed. https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html

Sources and Links
https://www.entrepreneur.com/article/238253
https://searchcio.techtarget.com/definition/Lean-startup
https://www.linkedin.com/in/rencarlton
https://rencarlton.blogspot.com
https://twitter.com/RenCarlton
https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ
https://omegalegacyacceleratorx.com/924-2/https://www.facebook.com/TheOmegaAccelerator/
https://www.instagram.com/omega.funding/
https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html


Disclaimer: This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service. We are not offering any legal, investment, tax, or medical advice. Please consult the appropriate professional before doing anything you learn from the content posted on any of our digital properties. All stories are based on true events, but are altered to protect the identity of the individuals involved.

Find your First Investor – True Story on How I Found one of my Lead Investors - Calamari Story Continued

In my previous article, I discussed how I found my lead investor with an idea and a plate of calamari. 

Was it really that simple? Yes and no.

Today I am going to describe some of the details to help you your find investor. 

Proper environment - I was at a country club. Was I there to do business? No, I was there to play golf and eat my appetizer. it just happened. The more often you can put yourself in the right environment to make connections, the better. How do you pick the right environment? Analyze your target market. For example, if you are selling business insurance, chamber of commerce card exchanges. If you are a pharmaceutical rep, maybe medical society events?

Focus - Abandoning the calamari... One of my clients told me a story about how he was at a trade show and his competitors were busy shoveling chicken fingers down their throats while they were closing deals. My personal rule for networking events is not to eat until I’m done making connections unless it would be socially awkward not to eat. I have hosted several events where I didn’t even taste the food because I was so busy.

Trusted advisors - My attorneys pointed out the flaws in the purchase agreement, where the opposing counsel neglected to include a non-compete. I have saved tens of thousands of dollars in taxes because I hire CPAs that aggressively look for legal, tax saving strategies

Contact us today if you want to raise capital for your business, funding@omegaaccelerator.com.  

Are you interested in helping businesses while enjoying the potential high returns of angel investing? Email info@OmegaAccelerator.com. 

Click here if you would like me to consider investing in your business. If I do not personally invest, I will give you specific tips for finding funding. Unlimited follow-up meetings. 100% satisfaction guaranteed. https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html

Sources and Links
https://www.linkedin.com/in/rencarlton
https://rencarlton.blogspot.com
https://twitter.com/RenCarlton
https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ
https://omegalegacyacceleratorx.com/924-2/https://www.facebook.com/TheOmegaAccelerator/
https://www.instagram.com/omega.funding/
https://rencarlton.blogspot.com/2019/09/funding-session-with-ren-carlton.html


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