Mary Erb from leading corporate law firm Heatons, explains how to set about raising funds to turn your business ambitions into profitable reality through the search for venture capital.
There are times in the lives of most business people when a compelling opportunity presents itself, often in circumstances where you least expect it.
Perhaps an important existing customer asks you to quote for an order that wildly exceeds current capacity or a synergistic competitor's business comes up for sale.
Maybe a business that has clearly proved its viability in one area demonstrates the potential to be replicated in a half a dozen demographically similar regions or countries.
Years of work that has gone into an agency or franchise might be rewarded by the offer of a major expansion opportunity from the prime manufacturer.
It may be that an invention or technical development within your business shows unmistakable promise, if only you had the funds to expose it to a wider national or international market or develop and exploit it fully.
It may simply be that you find yourself in a situation where natural succession, a change in ownership or shift in the parent company's management focus opens up an opportunity for you to mount a management but-out.
"What heights I might reach", you ask yourself, "if only I knew where to find the funds".
The first point to dwell upon is that a business operating in a recognised format such as a limited liability company is more likely to be taken seriously.
Ideas, plans and ambitions are all very well but start-ups do not usually fare well unless proposed by someone with a recognised track record of success and a formal structure on which to build.
How much?
If, by funds, you mean sums measured in some hundreds of thousands of pounds, it's possible that you (or your colleagues, family or partners) will have sufficient personal or business assets to act as security for a conventional loan arrangement with your bank.
More at:http://uk.businessesforsale.com/uk/raising-venture-capital.aspx
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