Remember this....while raising money

Stuart C. McWhorter, Co-Founder and Managing Partner, of Clayton and Associates offers these helpful tips for entrepreneurs looking for money... 1. Do your homwork--> Know what interests the firm you are looking to have invest in your company. Know what excites them and what industries they have expirence in and invest in. 2. Raising money takes time--> You need to balance the time you spend raising money and the time you NEED to spend running your company so it doesn't fail while you are raising capital. 3.Find an advisor--> Get someone who knows the game. Someone that can give advice as your business grows. If possible, this person should not be the one giving you money! 4. be Flexible--> You might have to give up some shares in teh company to attain the money you are looking for. Be flexible and work with the investors to make the deal a success. 5.Raise more than you need I think this should say..raise more than you THINK you need. It will always cost more than what your paper numbers tell you. Be prepared because it is hard to go back for me. It is important, howver, to have a reason for your high needs! Keep all of this in mind when you go out to find money in the start-up phase and along the way. ~~be bold