People with money are approached all the time by people who want money and their job is to find out who, if anyone, will receive the money they have to offer. This decision is generally based on which investment has the best chance of providing the highest return with the lowest risk.

Therefore, one of the best things you can do when working on a plan to approach people who have money and try to convince them to give you some of the cash is to help yourself by building your credibility in the eyes of people. they will investigate. . Credibility is another way of saying less risky, so that’s the goal you want to achieve in your appearance to investors.

In this article, we’ll cover several simple things you can do to significantly improve your credibility and make yourself stand out as someone more established and more likely to succeed than other people competing for the same dollars. The general perception of people who invest in businesses is that the more established and credible a person is, the more likely they are to be successful.

This is not difficult to understand, as you can easily imagine yourself in your role and being approached by two different people looking for an investment. Who would you choose if you had to choose between a person who just had a vague plan that wasn’t written down and hadn’t done any research and had very few answers about what he was going to do and didn’t seem to have really gotten anywhere in the room yet? search for your plan and someone else who had completed all of the above and more?

If the second person had a written plan with a full package of offers with numbers and data to back them up and a business card, a working website, a good chosen restaurant name and estimated opening date and a whole team of people credible with industry experience backing them in this startup, it would be easy to see who would be the right choice for an investment.

In order to appear as credible as possible to someone considering investing in your restaurant concept, you need to make sure you have these five things completed:

• A name for the restaurant.
• An estimated opening date
• A website and a logo already designed and live.
• Business cards printed and ready to deliver
• A scouted location and possibly a lease option in hand
• Either personal experience in restaurant operations or have hired someone (or people) to your team who has experience as a manager or owner of a successful restaurant

If you have these things in place, your chances of getting funds increase dramatically. Without them, you have a much better chance of getting the money you want.