Let’s look at your experience as a professional entrepreneur and see how this effects your ability to get funded through Banks, Financial Institutions or Investors.
[C-EXPERIENCE] That looks good! Since you possess substantial experience and have previously built a business or project generating annual revenues equal to 25% (or more) of your new project's funding requirement, your funding prospects improve significantly. A track record of successful ventures underscores your execution ability. Investors and lenders prioritize proven accomplishments as indicators of effective management. Such experience reduces hurdles, demonstrating your competence and risk management skills. A lack of prior successes complicates investor assessment and amplifies perceived risk in new ventures while convincing stakeholders without a track record is challenging.
A project with annual revenues of 25% of your new project's funding requirement positions you favorably for funding. Proven success greatly enhances credibility, demonstrating your ability to manage and grow ventures. Showcase past success as evidence of your capability. Attract a wider range of investors, including venture capitalists and traditional lenders. With this kind of a background, you can capitalizing on experience, skills, and successes to build a compelling case for funding your new project.