Ø New ideas cannot attract Loans
a) Relevant & Differentiable idea should be there.
b) Target customers should be known & clearly defined.
c) Idea must be protectable for some years
Ø Control over cheques (cash/bank) is necessary
a) Cheques’ signing is just a clerical work , actual financial control starts much before that
Ø Team Building is done as time passes.
a) It should be done as early as your P&L allows.
Ø Private Equity is an option for additional funding
a) If you want only funding go for banks and other financers
PE Requires:
a) Technological changes
b) Control changes
c) Culture changes etc.
d) Operational Partnership
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