There is no definitive answer to this question, as the best time to get a business investor will vary depending on the stage of your company’s development and your specific needs. However, generally speaking, it’s a good idea to seek out investors when your company is ready to take its next step—and when there is potential for significant growth.

As always, do your due diligence before approaching any potential investors. Make sure you have a clear vision for your company’s future, and know exactly what kind of investment you are looking for.

Also, be prepared to provide detailed financial information and projections—investors want to know how well your business is doing and where growth potential lies.

Finally, be realistic about expectations—don’t expect an investor to come in and turn your fledgling company into a household name overnight. Rather, think of an investor as a partner who can help you grow your business in a smart, sustainable way.