• Who We Are
    • Meet Christine
    • Mission, Vision, and Values
    • Work With STI For Proven Results
    • OneTribe Foundation
    • Media and Press
  • What We Do
    • Neuroscience Workshops
      • The Neuroscience Of Compelling Leadership
      • The Neuroscience of Influencing Outcomes
      • The Neuroscience Of Emotional Resilience: Learn To Love Change
      • The Neuroscience Of Creating Optimal Teams
      • Beyond Your Brain
    • Culture, Leadership, And Executive Coaching
      • Leadership Coaching
      • Culture Coaching
      • Leadership Development Programs
    • Keynotes
      • Make Your Team Smarter Overnight
      • Influence Any Outcome
      • Create the Company Culture of Your Dreams
      • The Neuroscience Of Creating Optimal Teams
      • The Neuroscience Of Emotional Resilience: Learn To Love Change
      • Guarantee Growth
      • Quota Busters
    • Quick Wins
      • DIY SmartTribe
      • Employee Engagement & Culture Diagnostic
      • Leadership Excellence Diagnostic
      • Sales & Marketing Intensive
      • Strategy Day
    • Case Studies
  • Resources
    • Assessments
    • Mini Course
    • Crack The Behavior Code Podcast
    • Infographics
    • Blog
    • Books
    • Videos
    • Webinars
    • Subscribe
    • Power Your Tribe
  • Contact
You are worthy – no Fooling.
March 14, 2010
Do you know where to find $10,000,000? Fort Knox? Beverly Hills? Swiss Bank Account?
March 17, 2010

How do you find funding for your business? Darts? Magic 8 Ball?

March 16, 2010
Categories
  • Business Acceleration
  • Christine Comaford
  • Christine Comaford's Blog
  • financing
  • Mighty Ventures
  • Rock Your Business
Tags
  • 7 Figure Business Builder
  • 7 Figure Business Summit
  • Business Acceleration
  • Christine Comaford
  • Funding Sources
  • Mighty Ventures
  • successful funding

How do you find funding for your business? Darts? Magic 8 Ball?  I don’t think so. Truth is, if you don’t develop a solid capital acquisition strategy, you’re likely to get the wrong money at the wrong time from the wrong financiers on the wrong terms.

Let’s say you’ve got a terrific business plan and you’ve honed your twenty-minute financing pitch. You’ve built a great team, got all your ducks in a row, and now all you need is cash. The first question you have to answer is “How much do you need?” And there are 2 simple rules to follow here:

Rule #1: Take more than you need.
Rule #2: Only if it’s cheap.

Always remember that cash is cheap, equity is not. If you sell a percentage of your company, it’s very, very difficult (and very, very expensive) to get it back. This is why it’s a great idea to take multiple financing rounds, especially in the startup phase when your company’s value is low.

I promise to write more on this tomorrow.  For today, that’s it.  I have to go and help one of my mentoring peeps through their own funding pitch.  (That client actually started out with me through my Results Now Webinar – a GREAT program for entrepreneurs who are too busy to get to my Summit in April.)

You can find details at http://www.ResultsNowWebinar.com – it’s a GREAT opportunity to MOVE your biz (and get my personal mentoring).

To your success and your funding success and business acceleration EVERY day!

Christine Comaford,

The 7 Figure Business Builder
CEO of Mighty Ventures, Inc.

PS:  This is the ONE event you must be at this year: http://www.7FigureBusinessSummit.com

Share
Christine Comaford
Christine Comaford

Related posts

April 7, 2022

New Research: The 5 Forces Shaping Work Today—And How To Capitalize On Them


Read more
February 12, 2022

How Stress Changes Your Brain: And What To Do About It [Infographics]


Read more
August 20, 2021

What People Really Think About Females In Leadership [Infographics]


Read more
Learn how to lead your team through change, create emotional resilience, and ensure growth. Join our Emotional Resilience mini-course

415.320.6580
775 E. Blithedale Avenue, Suite 210,
Mill Valley, CA 94941
© 2020 SmartTribes Institute. All Rights Reserved. Privacy Policy