The Art Of Capital Fund Raising
Capital fund raising does not have to be a scientific process just like it has been taught to us when we were still students. There are different venues available now a days to help us make capital fund raising relatively easy.
Capital fund raising may be relatively easy when there are loans and grants offered by the lending institutions. The real challenge lies in anticipating how much funds is needed and how to budget the loan when it is awarded to you.
Even if you have a guaranteed method for capital fund raising, or a confirmed source, failing to use your assets or contacts as efficiently as possible will only result in wasted resources, what economists call ‘opportunity cost’. Maximize your resource usage by planning ahead.
There are rules and guidelines to capital fund raising but the final decision will depend on the personal choice of the approving agent. So to get the loan that you need you will need a combination of your science and art skills. Science in such a way that you will be prepared with your documentation and your personal touch will be your art skills.
As we mentioned before, there is no set of rules for being successful at capital fund raising. It really is like an art; you have to get a feel for each situation you find yourself in and be able to adapt on the fly. Doing this right could mean the difference between getting approved and getting rejected for a loan at a bank or cooperative.
The art of capital fund raising rests on the attitude and the balance of business deals with a little dash of personal charm. This includes the aura of the businessman conducting the proposal.
In capital fund raising you are convincing lenders to invest in your business. Therefore the attitude that should prevail is your professionalism. Only during casual events will your more casual attitude come into play. There are times where your casualty will give you more leverage in getting extra favors.
By keeping one’s self alert with the person being conducted business with should allow you to be flexible in complementing his disposition. With the right and perfectly placed actions and responses, the level of ease increases for you to be able to get more than just the approval of the lender.
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