Raising Finance: Preparation
When it comes to fundraising, good preparation is vital.
One key piece of advice that anyone who has raised or provided finance will give is to raise money much earlier than you think you should. This applies whether you are a start-up or a growing enterprise. Existing businesses never want to be close to running out of cash when they’re negotiating terms of finance. Similarly, start-ups need to allocate significant time prior to launch to find funds for the venture.
In keeping with the ‘everything costs more and takes longer than you think it will in business’ rule, Nick Jenkins of Moonpig says: ‘Assume that it’s going to take much longer and cost a lot more than you imagined at the beginning and, if you have the ...
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