23/06/2024
Steal This Fundraising Tip! 💡
Last Month, I started working with a recycling company looking to raise $1million in debt and equity, as there weren’t making much progress.
It took my team a few hours with Outlier Venture Labs Proprietary business diagnostic tool to figure out one major reason causing their frustration.
Having solid systems in place! 🛠️ will elevate your fund raising game
1) Simple implementation like tracking the business accounting properly using accounting systems help Investors see clear financial health and make decisions.
2) I know there are many project management tools like Asana or Trello, but in our team using a Gantt chart in Microsoft projects or creating a project tracking sheet in microsoft excel is a game changer for boosting our productivity.
3) How do you manage your customer data?, you see the benefit of this is that you can track how the buy from you, who buys what and what products are doing best, and this can help you make reasonable revenue projections. Using CRM tools is a great way to achieve this
Imaging you are pitching to a financier, and you are asked, "How do you manage your finances?" If you have a proper systems in place you can confidently reply, "We use Wave or Zoho for financing tracking and reporting. This shows you have control and insight into your business operations, and it is a good place to be.
Ready to Improve your access to financig and secure the funds you need? Join our Financing Readiness Program today and get the tools you need to succeed! 🚀
📲 Send ‘Ready’ the Chat box learn more and Click the link in my bio to register now!
