Any entrepreneur seeking venture capital or bank lending will face these issues, but in a recent discussion for female entrepreneurs, there were some key topics that need to be addressed to successfully get money to expand a business.
You can read them all at: 10 Ways for Female Entrepreneurs to get Funded
Perhaps the most important insight in my opinion is the fact that the person seeking funding must not only know the “business” and it’s numbers inside and out, it’s dangers and ways to mitigate the risk, but also… after knowing all that… still be able to say why the business idea excites them and they still have a passion for it.
That sounds a bit like having a passion for Bird Watching yet be able, at a moment’s glance, to dispassionately dissect your favorite creature on the whim of a bystander with money to lend. If your passion can survive that, you deserve the money!
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