Do I need venture capital for my small business? - Winflow Financial ...

Posted by WFG ? September 21, 2011

Many famous newly developed companies in the past decade started with venture capital. As a small business owner, one may ask, do I need venture capital for my business?

The answer is not definite.The following two points are what one will need to consider in order to answer such a question.

Get your business ready for incoming venture capital

As we mentioned previously, small business owners seeking private funding should first prepare their businesses for the business pitch. This includes a clean financial report, good revenue numbers, strong yet reasonable forecast, and the acquisition of potential intercultural properties such as patents and trademarks.

Know where to spend the venture capital and how much growth you will get from it.

This is the part that most people omit. In our experience arranging meetings for small business owners to meet venture capitalists, the investors often ask the question: what do you need my money for? And chances are that the small business owners cannot provide a satisfactory answer. That?s because many have not realized what the venture capital can do for their business. Venture capital, if used correctly, works a lot better than just an addition of working cash flow. As an entrepreneur who seeks venture capital for growth, you should always think of expansion using the investment. Exponential growth is what venture capitalist are really aiming with their money. And it should be the same reason why you need venture capital.

With the above two questions answered, you are not ready to seek venture capital. Check pitchyourbusiness.ca for a chance to present your business to the professional venture capitalists today.

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At Winflow Financial Group, our consultants help entrepreneurs with our experience. Tell us about your business or investment today and find out how we can help your business save money and grow.

Book a FREE consultation now!

Source: http://www.winflowfinancial.com/2011/09/do-i-need-venture-capital-for-my-small-business/?utm_source=rss&utm_medium=rss&utm_campaign=do-i-need-venture-capital-for-my-small-business

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