In the world of small business capitalization, there are no guarantees of success. Experienced capitalization professionals have seen companies that looked like they would easily get funded receive nothing, and companies that were comparatively unattractive secure hundreds of thousands or millions of dollars.
In this climate of uncertainty, the best approach is to align your business with funding sources that match your specific situation and needs. This is how most deals get done.
Are you prepared for the business capitalization process?
Three vital criteria will help you determine the general readiness and attractiveness of your business for getting funded from various sources of capital:
- Having a fundable business
- Your level of commitment to get funded
- Your level of preparedness
Let’s briefly review each of these subjects to help establish a reasonable understanding of where you are in the process.