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As an entrepreneur or founder starting a business, you may think of capital as purely monetary. Capital is often viewed only as an opportunity for an infusion of money into a business to get it started or grow and scale your company.
Unfortunately, without a solid grasp of how capital — in its many different forms — can influence a business, too many founders make decisions early on in their companies that have unintended consequences down the line. This can negatively impact the growth of your business and hurt your chances for a healthy exit — whether you’re selling to a buyer or passing it on to the next generation.
Identify the right track for your goals
Entrepreneurs must align business goals and long-term objectives at the outset of founding their company in order to attract the right type or combination of capital to support success.
Starting a new business can be frenetic; as a founder, you may be charged with emotional determination to succeed. Many entrepreneurs leverage a uniquely laser-focused mindset to bring their vision into reality. As a new business begins to take shape, it is not unusual for the founder to accept outside sources of funds to support business growth. That often occurs after the dogged effort that got you to that point.
However, entrepreneurs can benefit from pausing before launching their company to define what types of capital would be ideal to achieve the overall goals and objectives they have for the business. For example, founders may benefit not only from having a vision for setting up the company but also from foresight in terms of how they intend to exit or pass on their business, which is often impacted by how they accept outside capital from inception.
To raise or not to raise?
Outside investment is not mandatory when starting a business. It’s a misconception that to IPO or exit successfully, you must have outside financi… Read More
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