Raising finance

Many people often question the problems of raising financing, or the problems they face because they don’t have the money to pursue their business dreams. However it is often said that money is all around you, and if you want it all you have to do is tap into it. The one thing I have come to realise is that that is absolutely true. If you have a great business prospect, you can always find people with money and convince them to invest in your idea. If you cannot convince them, then it’s very likely that you haven’t thought the idea through properly and they are finding holes in your argument. Of course it is important to be able to present the opportunity in a proper manner, but most businesspeople will look first at general concept, and if it makes sense to them then they’ll look at the expected return, to make sure it is realistic and meets their requirement; Finally they will look at the person (you) to make sure you are trustworthy and in a position to do what you say you are going to do. They’ll look at your track record, experience, etc. So as long as you have thoroughly researched your business and can convince them that it is a sound proposal with real profit potential, and that you are the one that can coordinate it and drive the business, then you will never have any problems raising finance. There’s nothing more to it. You just need to get out there and speak to people, remember one person will introduce you to another and so on.... But you have to actually do it – that’s where most people fall over...they don’t actually try and just think it is really hard to raise finance. In all my ventures to date, I’ve never found a problem finding the money, it’s finding the good opportunities, passing due diligence and ensuring it is a sound proposal that is all the hard bit.