How to Gain the Trust of Investors Before Any Big Construction Project | One of the hardest tasks of any big building project doesn’t have anything to do with bricks and mortar. In fact, it’s often getting the money to be able to start the project in the first place. With this in mind, here are some ways you can make sure you gain the trust of investors before starting any big business project.
Give them a clear visual of exactly what they’re investing in
One of the biggest hurdles to overcome when getting someone to invest in a project is getting them to understand exactly what the project will look like in the end. If you’re looking for investors in a big building project, like accommodation or a new leisure space, it’ll be completely different from other retail experience. That’s because unlike a normal retail store, you’ll ask them to pay the money up front before seeing the product or even knowing that the product will be completed. With this in mind, it’s important to be able to show them detailed plans of exactly what you’re planning. While technical blueprints are great at showing tradespeople exactly what to do during construction, they’re not great at helping investors visualize what they’re getting for their money. Instead, it’s important to find a company that will create artists’ impressions that are not only detailed but look impressive as well. For example, Cloud 9 Visualisation Studio can create 3D architectural rendering and CGI visualizations that can support any appeal for investment. This use of modern technology will be able to give your investors the best possible idea of exactly what the finished project will look like before a single brick has been laid.
Show your experience
As well as showing them your plans, any investor will be wanting to know exactly what experience you have in this field. They’re highly unlikely to want to invest in you if they know that this is your first attempt at a project like this. That’s why it’s important to build a portfolio of any other projects like this you’ve worked on before. Alongside visual pictures that demonstrate the quality of your work, make sure you have text describing exactly what your responsibilities were on the project and how you fulfilled them to the best of your ability. Only then will they feel confident that you know exactly what you’re doing and that they can trust you with their money.
Provide them with a timeline of steps that you can stick to
A big question that any investor will also want the answer to is exactly when they’ll be able to see the finished project. They’ll want to know exactly how quickly they’ll be able to see a return on their money. Not only is it important to give them a deadline of exactly when you expect to finish the work, but it’s also important to provide them with a timeline of exactly what parts of the project will be completed at what time. That way, the investors can be sure that you’re on schedule as you tick off each one of these smaller deadlines during the project.