FUNDING A BUSINESS >>
7.1 Now what?
By now, you should have a clear understanding of the sources of capital that are available to help fund your business.
Every loan and investment is individually structured via negotiations between the entrepreneur and the source of capital.
No deal is ever the same, so be creative and stand firm to get the best deal possible for you.
7.2 Potential Advisers and Assistance
Search locally for advisers and mentors that can provide assistance to you.
Utilize “informational interviews” described in Lesson 2.4 to introduce yourself to successful entrepreneurs, prominent business people and leaders throughout your community who generally will gladly help you.
Send hand-written thank you notes after each meeting or telephone interview.
7.3 Post-Funding Relationship
Maintain open and honest communication with your capital source, so that you build a solid, lifetime relationship that may develop into many more opportunities.
Keep the capital source knowledgeable of good and bad information–they want to help your company succeed and many times may have a fresh outlook on potential challenges that simply cannot be seen from the entrepreneurial trenches.
Remember, Cash is King and without cash, there is no company.