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Andrew Jeffers CEO / December 14, 2020

Balance Passion and Planning When You Pitch for Funding

Seeking outside funding for your business is a big step. Whether you’re looking to start a new business or expand an existing one, it makes sense to feel a little nervous.

But if you combine your passion for your business with detailed financials and meticulous planning, there’s nothing to be afraid of.

Have a plan, know your stuff and add some spark

  • Investors want to know that you have a plan – and that you understand it. That means writing a detailed business plan, getting into the nitty-gritty of your financial situation and knowing the details by heart.
  • Business plan – explains the business opportunity, examines the market, looks at skills and resources, and lays out a business model and a financial forecast.
  • Financial details – specifics for spending the funding, sales forecasting, balance sheets, profitability predictions and details about your salary. If you’re expanding an existing business, you need to provide at least two years of accounts and tax returns.
  • Show your product or service – a mock-up, prototype, pictures or screenshots – something tangible that can help bring your idea to life.

Pitching with passion

Successful pitching isn’t about tricking investors into taking a risk – it’s about sharing your honest belief in the business. Be upfront about what you know and don’t know, get excited about your product or service and hope that the investor will share your enthusiasm.

Got the passion sorted, but need help with the numbers? We can help with forecasting, profit projections and other key financial details – get in touch now.

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Filed Under: Andrew Jeffers, Business, Business Planning Tagged With: Andrew Jeffers, Balance Passion, Business, Pitch for Funding, Planning, shuriken, shurikenconsulting

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Shuriken is at the forefront of accountancy, providing clients with a broad range of services, coaching and mentoring.

Contact Shuriken if you want to launch or grow a business or if you want to get a clear action plan on how to achieve your financial goals. We can help with benchmarking, cashflow forecasting, payroll and much more.

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