You Must Answer Three Important Questions to Raise Capital
When you’re trying to raise capital from investors, you’ll need to address and answer three important questions in your business plan.
How much capital is necessary?
Never resort to tossing out a random figure. Instead, your business plan should specify precise, realistic dollar amounts. Plan ahead for altering your business operations if necessary, depending on how much funding you actually raise. A lot of potential investors will want to know your plans if you receive less capital than you’re requesting. …