| More and more business entrepreneurs in India are | | | | It's always better to go for angel investors who |
| showing interest to build new industries, venture out | | | | have prior experience in the same field.o Remember |
| in new fields, explore new ideas, use the latest | | | | that a genuine network of Indian Angels have been |
| technology and compete with their western | | | | entrepreneurs themselves at one time and have |
| counterparts, in all fields possible. But it is easier said | | | | already made a niche for themselves in the industry. |
| than done! Every business needs capital, that too a | | | | So they should be willing to share their experience |
| sufficient amount so that there is not a setback in | | | | and ideas and guide you constantly on business |
| the initial stages itself. | | | | strategies.o Since clients are the backbone of any |
| As compared to their western counterparts who | | | | business, they should be willing to share their contact |
| have numerous business angels who offer financial | | | | list with you and also help you in acquiring prospective |
| help as well as expert skills and knowledge to new | | | | clients.o Since the angel investors have more business |
| start-up businesses and small scale as well as large | | | | experience than you, they should participate in the |
| scale organizations; in India the scenario is a bit | | | | day-to-day affairs of the business and spend valuable |
| different. The concept of angel investors is slowly | | | | time, and also offer valuable tips whenever requiredo |
| gaining momentum with help from Indian Angels | | | | They should teach you efficient monitoring of the |
| Association, who are trying their hardest to help the | | | | business, tips to improve on quality, time |
| Indian industry create a foothold in the international | | | | management guidelines, more production in less time |
| market. It's not that you cannot find angel investors | | | | etc. |
| at all in India; but yes you have to be careful while | | | | Many of these Indian Angels Associations have |
| choosing one, since it's still a new concept here. | | | | helped in diversified fields such as IT, healthcare, |
| But then again money does not solve all your | | | | media and entertainment, retail, specialized BPO, |
| problems! Though financial help is the most necessary | | | | agriculture/food processing, banking and financial |
| factor, it is not the only factor for smooth running of | | | | services, education, travel tourism and hospitality, |
| a business. If yours is a completely new venture then | | | | biotech, pharma and life sciences etc and are more |
| professional guidance is a must; which should be | | | | than willing to venture out in other fields as well. |
| provided by the business angels. The team members | | | | But always remember that a network of Indian |
| of any Indian angel's network should themselves be | | | | Angels is there to help you and provide you with |
| experienced industrialists, or former CEO's etc. Apart | | | | necessary skills and knowledge, but the eagerness |
| from this various other points should be taken into | | | | and passion to learn should be from your end; after |
| consideration, such as;o When you have to find angel | | | | all it's your own business that you have endeavored |
| investors, be very sure about their area of interest | | | | to develop. |
| as well. It must coincide with your business interests. | | | | |