Negotiating the Handshake
My 'first thing' Monday morning business advice of the week.
When blogging about Pingar in the past, I have posted before about the importance of 'Elevator Pitches' and 'Business Plans'. Another key element of any investor discussion is the existence of the 'Due Diligence' pack.
Every potential investor, evaluating a business proposal, is going to ask for a certain amount of supporting documentation. This is standard procedure. It is also a fact that much of the documentation requested will be pretty much consistent all round.
To speed up investor negotiations therefore, preparing a DD Pack in advance, will save time and provide the investor with an immediate response to their request. It enables the entrepreneur seeking the funds to focus on the business case. And the investor to tick the boxes in their evaluation sheets.
And now to that 'first thing' Monday cup of coffee.
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