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Your company is poised for rapid growth – a new plant, a product or service launch, or geographic expansion. All that is separating you from the success you deserve is a lack of funding. No problem. Just call a banker or maybe you need venture capital. Many companies have received lots of money to implement their good ideas.

Not so fast.

Start-ups seeking venture capital are far more likely to be turned away than they are to be funded. Those who are lucky are only likely to get one or two truly good shots at any serious consideration. This may be the first and only time you will ever experience the funding process, but you cannot afford to appear inexperienced.

The same is true for other forms of equity financing (angel investment, IPO, etc.). While many companies receive the funding they need, the overwhelming majority of companies requesting equity financing are rejected.

Bank borrowing may or may not be appropriate for your situation. If it were inappropriate for you or your bank, you would be wasting your time to pursue a loan. How would you know?

Preparing your business plan, coaching your management team and anticipating and preparing for questions from investors or lenders are a few of the ways Excel can help entrepreneurs capitalize on their funding opportunities. Use Excel to help you prepare, or even just to be sure that you are ready, before you make that all important first impression.

 

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