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9.7 Action Items
In this Step you looked at the activities that lead up to the closing
of an investment deal, and considered the importance of proceeding carefully
before committing yourself. As well, you have seen how to prepare for
the due diligence review the investor will conduct. Finally, you have
looked at ways to ensure that your relationship with the investor continues
to be a beneficial one for all parties.
The following checklist will help you to:
- assess your understanding of the ideas covered in this Step;
- gauge your progress; and
- plan your company's approach.
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Status? |
Target Date? |
Responsibility? |
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Take a careful look at the deal that is on the table, considering:
- your company's future;
- the financial arrangements and their effect on your company; and
- the level of trust and positive chemistry you feel underlie the deal.
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Have an outside expert or advisor review the deal with
your interests in mind.
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Review legal and contractual obligations:
- go through the legal agreements with a fine-tooth comb, and with expert
advice;
- review government and regulatory requirements; and
- consider the effects of the deal on existing contracts.
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Prepare for the due diligence review, assembling necessary
documents and support for:
- financial review;
- market review;
- management review; and
- operations and technical review.
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Conduct your own review of the investor. |
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Work toward establishing a good ongoing relationship with the
investor.
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