CHAPTER FOUR - PLANNING AND FUNDING YOUR BUSINESS

The next stage is funding your business. How do you raise capital and present your business in a way as to attract funds without sweat?

In trying to communicate how to achieve all these, the author has made it simpler by listing out 16 steps to take on how to plan and raise fund for your business as follows: 

i.                     Get it on paper.

ii.                   Use a template to write a business plan.

iii.                  Kiss the numbers.

iv.                 Put your money where your passion is.

v.                   Take the plunge.

vi.                 Develop your elevator pitch.

vii.                Seek a mentor.

viii.              Treat your mentor as a special resource.

ix.                 Entice investors with your plan.

x.                   Build a prototype, create a demo.

xi.                 Interview investors.

xii.                Avoid money from family and friends.

xiii.              Stay positive.

xiv.              Ponder before partnering

xv.               Become equal partners.

xvi.              Think the unthinkable.