WHAT DOES BEING PREPARED ACTUALLY MEAN? Being prepared means you’ve done what you need to do to be successful. It’s as simple as that. The amount and type of preparation you’ll exert probably depends greatly on what stage your business is at. If you’re a start-up with one person in the business, you will need ...
Studies have shown when small entrepreneurs seek their first investors, 95% of the time they fail. Most of the 5% who succeed will get the funds on terms that are more beneficial to the investor than to the business. Part of the reason for these statistics is that entrepreneurs aren’t preparing for the challenges they ...
Most SMB (Small to Medium Businesses) owners tend to hold onto too much equity because they worry that if they give equity away, they will lose control of their company. Some owners want to own 100% of their company because they want more cash when they sell their business, others are just not comfortable with ...
It is important to set a budget when you raise capital. There are all sorts of associated costs that come with the investor ready process. Never try to raise capital with $0 in your bank account because you’ve spent every last dollar setting up the business. (Yes, it happens). Always draw up a budget to ...
Most great businesses start with an idea, and then the entrepreneur searches for the capital needed to turn the idea into a successful business – by first opening their wallet. Many of the world’s most successful businesses were started with personal resources, but every possible source of funding in the beginning should be considered. Here ...
The truth about getting investor ready If you’re reading this you probably are looking to raise capital for your project, or perhaps you’ve tried looking and realized finally, that it is an incredibly challenging process. Unless you use your resources wisely or know some investors personally, you will soon realize that getting your vision of ...
You need to be thinking in terms of starting with the end in mind. That means, among other things, taking consideration in visualizing your business five, ten, or fifteen years from now. Ask yourself, “If this business meets every goal we set, what will it look like?” At first, you might be tempted to answer ...
Always go into a business partnership with someone that compliments your skill-sets. You don’t really need to have 2 creative people as business partners; they’ll just end up disagreeing all the time. You have to find people that will assist you in business areas that you either can’t afford to outsource or you simply don’t ...
Meetings with multiple Investors may be the most nerve racking experience that you will encounter in your business. Imagine having to prove yourself and your business to a room full of people that have already done what you are trying to accomplish. You have to convince them that you are the person that they should ...
Probability of raising capital these days only 5% Research as shown that 95% of all attempted capital raisings in the small business sector by first time entrepreneurs, do not reach deal finalization. Of the ones that do actually get funded (cause the idea was too good to pass), the capital is usually raised on the ...
