So, you have your business idea that can change the world. You’ve already started implementing it and now you want to grow your startup to greater heights. I’m sure you’re wondering how you can grow fast and efficiently. While scrolling through your social media, you may have seen a few accelerator programs. Should you join one? Here are a few reasons why you should join an accelerator program.
Access to funding
Getting funding for your startup can be quite a headache, but it doesn’t have to be. Instead of going through the troubles of looking for investors, writing emails, making calls, setting up meetings and encountering plenty of rejections, try joining a startup accelerator. By joining an accelerator, you can tap into their vast networks of venture capitalists, angel investors, trusts and foundations to get funding for your startup.
Ecosystem of support
An entrepreneur’s journey can be very lonely, but you don’t have to go through it alone. In an accelerator, you will have unlimited access to mentors, coaches, hubs that can support you in your journey. You will also get to meet fellow founders who are treading the same path, and you can build each other.
Grow your skills
As a founder, there are many skills you need to polish up to help you run your startup. From managing your finances to pitching to investors, managing and motivating your team, you need to have these skills for your startup to thrive. An accelerator will provide you with the coaching you require to grow these skills.
Access to top-notch mentors
“A mentor is someone who sees more talent and ability within you than you see in yourself, and helps bring it out of you.” Bob Proctor
Having a mentor is overlooked, yet it’s vital in your entrepreneurial journey. As an entrepreneur that’s starting, there’s a lot that you don’t know about the business landscape. Accelerators have vast networks of mentors who will provide you with the guidance you need to succeed. They will push you beyond your limits and help you grow to the next level.
Trust, credibility and reputation.
Trust is the major foundation for establishing relationships, especially with investors, that is often overlooked. It’s important to show investors that your startup is credible and trustworthy.
Investors are more likely to invest in startups that have gone through accelerator programs because they know that these programs build competence among the founders. They feel that their investment is safer in the hands of founders who have undergone thorough training to grow their business. After all, who does not want sure returns on investment?
Now that you know why you should join an accelerator, how soon will you join one?
By Wairimu Karen