Source | Entrepreneur : By Sanchita Dash
Investments don’t come easy, but when they do, they bring along with them the rule of the investors. Once the investor is on board, entrepreneurs usually go all out to prove their worth. Although today most investors are looked at as mentors by founders, there are also times when things are not that rosy. Some investors interfere too much in the day-to-day operations of the start-up, giving the entrepreneur no space to bring changes according to his own.
The founder also becomes answerable to the constant probing by investors. Entrepreneur India spoke to start-up founders on how they deal with such a situation.
Set Boundaries in the Beginning
Avoid Ego Issues
It is best to avoid any sort of conflict with the investor, for after all, he/she is the one pumping in money into your idea. Disagreement with investors in front of your employees ruins the office environment and lead to a tense situation.
Gupta believes that in such a scenario, it is best to avoid taking the investor’s approvals in the presence of others. It works out better if you approach them separately, so as to avoid ego issues.
“If you think an investor has a habit of objecting everything then follow the principle of ‘reverse ask’ i.e. ask the opposite of what you want to achieve, e.g. if you wish to get a Yes from him/her then propose him/her for a ‘No’ and then you will get reverse of it,” said Gupta.