The Need for a Backup Plan

One of the casualties of the Financial Crisis was a rupture in trust and credibility in the business world. As Bear Stearns and Lehman folded precipitously, and allegedly investment grade assets unraveled in value, the world was confronted with greater risk and greater volatility in investment decisions. This has made it harder for people to know whom to trust in the business world. Many brilliant business writers have explored this topic and have concluded that a byproduct of the great financial crisis is a trust and credibility deficit.
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Set Realistic Time Expectations

A capital raise or a business sale process is a complex project with multiple stages requiring a high level of coordination between all team members. There are at least 5 different phases of the project with only a few of the stages able to be run simultaneously. Additionally, companies are often weak in assessing their readiness for this type of a process, due to their preoccupation with the day in and day out of running the business. This is completely understandable and bound to happen, especially with rapidly growing companies.

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