When presenting your company you will need to show that your company is indeed the vehicle that is going in the right direction (great product or service in the right market),
that your vehicle is fast (growth strategy and velocity),
that your vehicle is solid and reliable (great management team, processes in place, healthy balance sheet)
and that your navigation system is advanced and accurate (current financials, KPI and metrics tracking).
Here is what to pay attention to:
Mazel Tov! You set up a start-up, completed a successful initial round and entered the development phase.
Now you have to face complex financial challenges that will require you to have ongoing budget control, professional conduct with investors and dealing with unforeseen challenges along the way.
Here are some of the key elements for you to focus on.
Recovering from Covid-19 - Should I seek financing?
These days, many business owners are looking for financing.
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Some of our clients are financially strong, and to be honest, were just taking advantage of their right for the PPP loan. However, most businesses are hurting, facing real financial difficulties and are considering their financing options, assuming they can get some financing beyond the PPP loan.
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So, should you take a business loan or not? Here are just some thoughts or questions we should ask ourselves before securing financing.
Be Prepared for Financing
Almost all of us would be able to get a business loan.
The question would be – how fast and how expensive.
It has to do with your business history, financial strength, type of revenue, cash flow, previous loan and many other factors.
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Here is a quick read about a few factors that would make the difference and that you would want to pay attention to.