When you are seeking financial backing from an investor, there are definitely some things you should not say. Making a good impression is key, and these five statements will definitely not help your case. Avoid saying any of these things, as listed here by Peter DeCaprio, to an investor, and you’ll be on the right track!
Peter DeCaprio Lists Things That You Should Not Say To An Investor
- “I don’t know.”
If you’re seeking investment from somebody, it’s important that you have a clear idea of what your business is and what it needs in order to succeed. According to Peter DeCaprio, saying that you don’t know in response to questions about your business plan or future goals conveys a lack of confidence and understanding, which is not something that will instill faith in potential investors.
- “This is my baby.”
When presenting your business to an investor, you need to remember that they are looking at it from a purely financial perspective. This means that they are not interested in hearing sentimental stories about how you started the business or why it means so much to you. Instead, focus on the hard numbers and the potential for profitability.
- “I’m not interested in your money.”
If you’re seeking investment, it’s pretty obvious that you are interested in the investor’s money. Trying to act like you’re doing them a favor by allowing them to invest in your business is not going to win you any points. Be upfront about what you’re looking for and what kind of return the investor can expect.
- “I don’t need your money.”
Again, if you’re asking somebody to invest in your business, it’s pretty clear that you do need their money. This statement comes across as either arrogant or desperate, neither of which are qualities that will encourage an investor to put their faith (and money) in you.
- “I don’t have time for this.”
When pitching your business to an investor, it’s important to be respectful of their time and give them your undivided attention. Saying that you don’t have time for this conveys a lack of interest and respect, which are not qualities that will make somebody want to invest in your company.
- “It’s not about the money.”
Of course, it’s about the money! What else would an investor be interested in if not the potential financial return on their investment? Trying to downplay the importance of money is only going to make investors skeptical about your ability to generate profits.
- “I don’t need your help.”
According to Peter DeCaprio, investors want to feel like they are helping to grow a business and that their money is being put to good use. Saying that you don’t need their help conveys a sense of arrogance and entitlement, which are not qualities that will make somebody want to invest in your company.
Peter DeCaprio’s Concluding Thoughts
There are a few things you should avoid saying when meeting with an investor for the first time. This includes phrases that could make you seem unprofessional or unprepared. According to Peter DeCaprio, by steering clear of these words and phrases, you can focus on putting your best foot forward and showing the investor why your business is worth investing in.