Pitch for funding or impress the bank
Creating full 3-way forecasts for your start-up or existing business is now a risk-free and pain-free process. Combining these clear, well presented financials as part of your researched business plan we have also covered here. But how do you need to present to your prospective investors?
What is your exit strategy?
- Are you planning on growing the business for the long term?
- In which case, how does the investor become remunerated?
- If you are planning on getting acquired, is there are precedence within your industry and who would buy your company?
Forethought into these matters shows a level of maturity with your potential investors.
“"We recently demoed the Xero/FUTRLI platform to a banker. His response - "if I could require every company in our loan portfolio to be on this platform, I would. Instead, I will just have to strongly suggest it." He is excited about the real-time analysis, and how it will allow him to proactively assist his client base, rather than reacting to months-old information. The alerting system in particular piqued his interest."” - Dan Schmidt