The MoneyLab Blog

Five things you need to prepare for raising money

Posted by Boyd Carson, Sapphire Capital on 09-Mar-2018 10:23:10

 

In my experience, raising money for a business is difficult, time-consuming and stressful. As an entrepreneur, you will be torn between keeping your business going and spending considerable amounts of time trying to raise finance. The reality is that raising finance always takes longer than you think (and have budgeted for). Before you approach any potential investors (and that also includes friends and family), you need to make sure you are sufficiently prepared both regarding presentational materials as well as how you have prepared yourself (i.e., you need to be crystal clear on the business idea and know the key numbers etc.).

To help you on your way, here is a list of the five key areas we recommend you have prepared beforehand:

1) Write a well thought out business plan.

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Topics: Business Plans, EIS, SEIS

What to include in your start-up's business plan

Posted by Vasiliki Carson, Sapphire Capital on 05-Aug-2014 09:19:00

One of the first steps a successful entrepreneur takes when setting out on the journey to create a company is to develop a business plan. A business plan serves to provide a comprehensive road map for the company to management, investors, employees and customers alike, outlining the strategic rationale for undertaking the venture.  Let's face it: start ups are not for the faint-hearted, so any type of document that acts as a guide should be very much welcomed by all parties involved. Sure, things change along the way, but the basic business premises shouldn't. As such, companies need to make sure that they know what they want at any given point in time and especially when they are raising finance. Here is a brief outline of the sections that should be included:

1) Executive Summary:

As mentioned in my previous blog "10 things to consider when writing a business plan", the executive summary is a one-page sheet that presents the plan's important highlights and conclusions for readers that are pressed for time.  On that page the business needs to be summarised, the market opportunity quantified, the financial projections presented and the funding requirement clearly stated.

 

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Topics: Business Plans