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.

The key is having a business advisor, an experienced person on your team who can assess the various levels of readiness for each stage in the process. The business plan may be ready, but the historical financial statements may not be. The key is to honestly assess your readiness and make sure that each step of the process can be synced up quickly to meet the demanding needs of an investor’s due diligence process.