How to Develop a Funding Strategy for Existing Business
No shock here: one of the biggest challenges for entrepreneurs and small business owners is finding the necessary funds to start - and ultimately grow - their businesses. If you are reading this, you are probably looking right now. · As a social entrepreneur for more than four decades, as well as an angel investor and venture capitalist, I have personally experienced the ups and downs of corporate finance and learned the hard way what investors look for before committing to finance. Over the years I have developed, and subsequently refined, some simple tips to guide other entrepreneurs through the fundraising process at all stages of the business lifecycle. · Bootstrapping : In the experimentation phase, use your own monetary resources, such as cash from a savings account or careful use of personal credit cards. The wise implementation of these precious dollars is cru...
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