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Capital is the most precious commodity – after good people – that any entrepreneur or small businessman can have as he or she goes about the task of building a company into a sustainable success.
But capital is probably the most elusive commodity to acquire – after all, good people can always be attracted to good companies. That is not always the case with capital. If you are looking for capital, consider this:
- 73 percent of all business plans are not sent to the right investor
- 52 percent of all business plans are not understood by investors
- On average debt financers look at 25 opportunities before making a specific loan
- On average equity providers look at 400 businesses before investing in a specific company
There is intense competition for investment dollars all over North America. How can you as an entrepreneur, improve your odds of successfully finding the capital you need?
You must have a complete presentation package and a search process that gives a distinct competitive edge over other companies that are also searching for capital.
This is where Canova Bancorp can play a vital role.
There are hundreds of thousands of great ideas searching for investment capital. Most of these companies are not completely unique in either their product or their service, in spite of what the founders might think. The common denominator is that they all must have a good marketing and distribution strategy and a comprehensive sales plan for generating revenue dollars, and making their business successful in order to attract investment. The ‘business opportunity’ represented by the product or service is the first thing that potential investors look for. The second thing is a bright, capable and dedicated management team that can lead a company to fully realize its ‘business opportunity’. But that is only part of the answer.
There are many companies that have the ‘business opportunity’ and management potential to succeed and provide the significant returns that most investors seek. Most institutional investors are extremely sophisticated and they will not invest money in your company without believing that you have a better than good chance of providing them with the return that justifies the risk they are taking. We have the expertise to help you develop and communicate your investment plan as thoroughly and as brilliantly as you operate your business, and our involvement means that you are not distracted from the extremely important task of operating the business during the investment search process.
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