Starting a business from an idea is never a linear journey. In fact, it may not even have a final destination. But for any business it will need finance at all points of its journey. Some are started on credit cards, overdrafts or help from friends or family.
The first three years is the critical phase. Many small enterprises fail in this early stage. But once it is on a growth trajectory, bank finance or other institutional support will be required. Here, it is good to look at “START”.
Step out – detach yourself and ask the questions for a proper business plan.
Take a position – assess the prospects and challenges at hand.
Analyse opportunities – have a detailed look at prospects.
Reach for the future – forecast; a vision is now cast – how much new equity/ debt will be required.
Think about finance – assess the financing options available and make clear business proposition.
At MPCA, we have helped companies to “flesh-out” their business plans, and they have then moved-on to funding their projects. This is the growth phase of their journey. Invest in good advice and the whole gamut of equity and debt finance becomes available to you.
For more information about START, please visit http://www.mpcap.com.my/ or contact firstname.lastname@example.org.