Turning an idea into a business in Thailand is not easy. It requires unparalleled levels of hard work, and your passion becomes your fuel for going on. Many startups die in their early years because they are unable to secure funding. It doesn’t matter if you have complete belief in the work that you are doing, the aim is to secure appropriate funding and align yourself with companies that are capable of helping your business grow. One of the best things that you can do as a startup owner is join an accelerator program. Here are five benefits that you get for joining an accelerator program.
- Amazing Support
When you join an accelerator program Thai startup, you can expect amazing support. Operating a startup is incredibly challenging, and many entrepreneurs become isolated because they are so engrossed in the work they are doing. That’s where the help of an accelerator might come in handy. When you work with them, you will be able to seek support from mentors and people who have sponsored you. You will have someone that you can go to for help.
While you might think that an accelerator program is only going to last a short time, you can expect a roster full of different activities. These activities are all designed to benefit you and your company. These include demo sessions, meetings with mentors, networking channels, and engagement in a range of social activities. The aim is to give you the tools that you need to succeed in this competitive industry.
- Access to Investors
Finding the right guy to fund your business could mean the difference between success and failure. An investor is obviously going to look for something that benefits them in the long run, and that usually means equity in your company. But, there are certain venture capitalists who don’t really need a lot, and offer very relaxed terms so that you get to retain as much a part of the company as you can. Accelerator programs themselves don’t give out much in the way of funding, but they can get you in the room with an experienced investor. Then, it’s all a matter of just convincing them.
- Accelerated Knowledge
Within the span of a few months, you will be able to gain as much knowledge as you would otherwise in a few years. You will get to learn all of the things that the mentors have amassed within years, allowing you to utilize that knowledge to grow your business quickly.
- Future Customers
The accelerator program will also serve as a gateway for you to get more customers in the future. You will be able to target audience members to find out what they have to say about your product, and you can make changes accordingly. These are just a few of the many things that you should know about working with an accelerator program in Thailand.