A Checklist to use if you are considering an investment route for your business.
The big idea
Investment
readiness means that you are in a strong position to present your business to
different investors and meet their requirements. You may have a particular
project to put forward or you may feel that your business is ready for rapid
growth. On this basis you might consider approaching different sources of
funding, such as:
·
Business angels
·
Venture capitalists
·
Banks
·
Other funders such as high net worth
individuals
Purpose
Seeking external support to
allow your business to grow involves both ensuring you have a credible case to
present and making a series of personal decisions to make sure you are
comfortable with the direction you are taking the business in. The purpose of
this tool is to help you think about some of the issues that might arise during
this process so you are more likely to meet the needs of the investors and to
succeed.
You are unlikely to be
investment ready if:
·
You are unwilling to give up a stake in the
business
·
You have an inadequate business plan
·
You are not looking for fast growth. Can you
provide a growth level of eight to ten times within five years?
·
You do not have a proven need for your
product or services
·
You lack knowledge of your market
·
You lack knowledge of the investment process
·
You are unable to pitch your business
effectively or credibly
The Tool
This tool consists of a
questionnaire that takes you through some of the key questions you need to
consider to work towards investment readiness. It can be done on your own or
with people who know you and your business well. It is for businesses of all
scales interested in external investment. The questionnaire should take 20
minutes to complete.
Join us in the upcoming series on the Business-survival Toolkit coming soon......
GBSH Consult is – an award winning, international
business transformation and turnaround firm with proven success in solving
complex financial, operational and people performance issues. www.gbshconsult.com
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