Entrepreneurs look to outside investors to raise money to finance growth. If a business has real problems money isn't necessarily the answer. To listen to the episode hit the play button above. To
Entrepreneurs look to outside investors to raise money to finance growth. If a business has real problems money isn’t necessarily the answer.
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Entrepreneurs look to outside investors to raise money to finance growth. There is a lot to consider when deciding if this is the right path for you and your business. If a business has real problems money isn’t necessarily the answer. In this episode we discuss what investors look for before considering whether your business is right for them. We use some case studies to illustrate how things can go wrong when a business has real problems. We’ll discuss what you need to be ready for when taking money from investors.
*Investors create new demands on a company and the entrepreneur especially around planning, results and reporting.
*Our case study entrepreneurs weren’t strong in the areas of finance and operations and began to struggle.
*Using the show Shark Tank to illustrate, Lisa describes some of the key weaknesses the entrepreneurs had that she gleaned from her research.
*Lisa talks about how these weaknesses contrast with elements investors look for in business owners.
*She describes key areas that investors consider when reviewing a business including the market, company valuation and the management team.
*Using examples from the case studies, we look at areas where business problems were not being addressed whether through lack of experience or simply being ignored by the entrepreneur.
*Investors such as venture capital and other professional investors create a heightened sense of urgency due to an increased focus on returns and growth.
*Entrepreneurs should expect a greater focus on the market, business management and money management once outside money is invested.
*Lisa discusses some of the dangers a company suddenly flush with money can face and some of the mistakes one case study entrepreneur made.
*She gives us a list of 5 top factors entrepreneurs need to think about and be ready for before they consider taking investor money.
Resources and Links
Book mentioned in this episode:
Think and Grow Rich, by Napoleon Hill find it here
Note: Links in this post may be affiliate links. Lisa Roberts is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
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Lisa Roberts is a business operations consultant who advises growth company entrepreneurs in successfully managing growth and the challenges they face along the way. She has over 25 years of experience in operations, finance and administration and spent several years in executive roles at a high growth company. She recognizes that there is a fine line between success and failure in a growing business and that entrepreneurs need to focus on managing finances, creating a sound operation and employ good business practices to stay on track. You can find out more about her here
To learn more about getting in touch with Lisa to discuss a problem you may be having in your growing business, find out more about a Quick Care session here .