Steps to Growth Capital Fast Track

Introduction

"Be patient; plan, plan, plan; pull together the background data and information to support your case; develop and use your communication skills; and get out there and make contact."

That's the advice of Chris Griffiths of Griffiths Guitars International*, a Canadian small-business entrepreneur who successfully found investors for his company.

If your company is the kind that interests investors, then Steps to Growth Capital can help you find equity investment for your company.

Finding Growth Capital: A Critical Path

Determine your financial needs.	Develop your business plan. Determine how much money you need to pursue the plan.
Consider alternate sources of financing.	Review the types of financing available. Build a financing package to suit your needs.
Show your investment potential.	Find ways to convey to investors your potential for growth and profit.
Demonstrate management capabilities.	Show that your management team can successfully manage the firm and pursue the opportunity. Prove that your team is well balanced and that it can make the investment a real success.
Build an investment proposal.	Write and structure an investment proposal that attracts investors. Communicate your vision, your passion and your potential for growth.
Identify potential investors.	Find investors you might approach.
Meet likely investors.	Develop a strategy for approaching investors. Contact, follow up and meet with potential investors.
Negotiate the deal.	Develop your negotiating strategy. Find a solution that satisfies both parties.
Close the deal.	Bring the agreement to a successful completion. Undertake and pass due diligence process.

Action Items

See the Checklists based on the steps for help assessing on what has to be done.

<< Previous | Next >>