Posts Tagged ‘Equity Capital’
Preparing an effective business plan is the first step in raising venture capital. If done properly, would take considerable time and effort to work properly.
Do not rush through this process step, otherwise you are a monthly meeting with the angel investors and venture capital sources is a waste of time, effort and money.
I have read many business plans, clearly lacked preparation, was badly written, and probably did more harm than good when it was raising capital.
Each training and research time you put into this first step to raise capital, you will save months over a long period of time.
Your business plan should be a professional, well-planned, edited and re-edited several times, until you have your final version. So many business people as possible to read and question you about it before sending it to potential investors.
What may seem obvious, or obviously you can not be clear, someone to read it first. I am advising clients to use a summary of ice with potential investors, then a phone conversation to feel investor.
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