As a business owner, you have a responsibility to protect your investors. After all, they are the ones who have put their trust in you and your company. You have a responsibility to protect their investments. Here are a few ways by William Schantz on how to do that.
William Schantz’s Advice on Protecting Your Business Investors’ Money
Keep Them Informed
According to William Schantz, your investors should always know what is going on with your company. That means keeping them updated on your progress, as well as any challenges you may be facing. They need to feel like they are part of the team, so make sure they are included in decisions that affect the business. Moreover, you should always be transparent about your finances. Your investors need to know where their money is going and how it is being used.
Make Their Money Grow
Of course, your ultimate goal is to make your investors’ money. Show them that you are doing everything you can to grow the company and increase their investment. Keep them updated on your plans for the future and show them how you are working to achieve your goals.
This, naturally, goes without saying. William Schantz believes that there is always some risk involved in any investment, but you should do everything you can to mitigate that risk. Make sure your investors know what risks they are taking and what you are doing to reduce those risks. No one wants to lose money, so it is your responsibility to protect their investments as much as possible.
Investors want to feel like they are part of the team, so make sure you keep them in the loop. Whether it’s a weekly update email or a monthly conference call, regular communication will help build trust and confidence in your leadership.
Even if your investors are busy and may not always be available, it is important that you make the effort to keep them updated on your company’s progress.
If an investor has a question or concern, make sure you address it promptly. They should never feel like their concerns are being ignored. Responding quickly shows that you care about their input and value their opinion.
Many business owners make the mistake of thinking that once they have secured an investment, their job is done. But that’s not the case. You have a responsibility to your investors to protect their investments and ensure that their money is being used wisely.
Protecting your investors is critical for the success of your business. It not only shows integrity but will also instill confidence in your leadership. In these times of economic uncertainty, it is more important than ever to protect your investors. They are the ones who have put their faith in you and your company.
As William Schantz has mentioned, do everything you can to keep them informed, grow their investments, and mitigate risk. Their trust is essential to the success of your business. Otherwise, you risk losing their support – and your business.