smallbusiness.co.uk: Helping your business think big

Short-term finance

Rory Earley, CEO of Capital for Enterprise, explores the options...
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Q: When negotiating with potential sources of funding, banks or business angels for instance, should I be prepared to allow them to visit my business? Anything I should consider?

Mar 28 2008

Answered by: Mark Endersby Ask a question

Yes you should be prepared to allow them to visit. This will allow them to gain an understanding of your business, which is imperative to ensure they make the right recommendations.

Most private investors will want to have an an exit strategy in place, to allow them to recoup their investment and realise their returns. A 5-year term would be a normal amount of time to expect a private investor to be involved in your business and it would be a good guideline to include in any proposal.

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