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Raising Capital for Your Business – How Long Does it Take?
Most companies vastly underestimate the time commitment necessary to successfully complete a financing. In actuality, a company seeking financing needs to budget between 500 to 1000 work-hours to the capital-raising process, spread out over a 6-9 month time period. The key processes in the capital-raising process include 1) perfecting the business plan, 2) developing a comprehensive, targeted prospective investor list, 3) contacting this list, and 4) negotiating the transaction.
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