Tuesday, January 23, 2007

Four Rules for Raising Capital

With Christine Comaford-Lynch’s article Rules for Raising Capital, Business Week initiates a new, ongoing series of columns on financing and growing a small business.

I’ll give you the readers digest version and you can check out the full column on-line. What I like most about the article is that these rules apply to any business of almost any size from any industry. The rules can also be applied to raising debt or equity. See if you agree.

Rule #1 – Take more money than you think you’ll need, but only if you can get it cheap.

Rule #2 – Raise money before you need it because you’ll always need it sooner than you think.

Rule #3 - Only take money from someone you like and respect.

Rule #4 – Don’t be greedy!

By the way, take a look at Christine Comaford-Lynch’s
biography – not bad for having neither a high school diploma nor college degree!

Need help finding the right lender or telling your story the right way? Read "
Matchmaking for Business Loans" and give me a call!

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