Help me understand the process of raising capital
Simeon Burnett explains what a growth business needs to have in order before it can begin the process of raising equity investment.
Compared to the plethora of advice for small companies on how to raise start-up capital, there is very little for fast growing SMEs on raising larger amounts of capital for expansion. Many just assume that it’s easy for successful companies to get more investment, but there are more advanced things that a growth business needs to have in order before they begin the process of raising equity investment. Many companies are surprised with how long the process can take, but those who are well prepared will have a much smoother experience.
1. Know your numbers
2. Growth priorities
3. Winning and owner transitions
4. Competitors
5. Elevator pitch
Read the article from NZ Business