Posted: 16 July 2019
Crowd Sourced Funding Equity Raising - “HOUSE IN ORDER” Required
Empowering SMEs (Issue 040)
Companies need to have their “House in Order” - Andrew Geddes Chair of Greencross Ltd for 11 years (former ASX top 200 company) and a consultant to the Australian Accounting Industry for the last 30 years.
- “To raise capital SMEs have to go through all the disciplines of getting their “house in order” before investors will even consider supporting them, and in many ways that is a good thing.”
- “To put a Crowd Sourced Funding Offer Document together a company needs:
- Well documented Business Plans,
- Budgets and Cash Flow Forecasts,
- A clearly defined “Corporate Vision”;
- Understands its purpose;
- Strategies and goals must be clearly defined;
- A thorough assessment made of their customer base;
- Identification of unique competitive advantage.”
- “Just going through this rigorous process with your accountants can help clarify whether your company is ready to start raising capital or whether there is still some work to be done.”
- “It’s really important for accountants and their clients to fully understand the pros and cons of Crowd Sourced Funding and the best way to get that is to begin with research.”
- “The ESS Small Business’ website https://www.esssmallbusiness.com.au contains a lot of information and is a good place to get started.”
- Companies will also require a business valuation to determine the number of shares to be offered and pricing of those shares.
- All of this information is going to be required to facilitate the preparation of the Crowd Sourced Funding Offer Document.
Click here if you wish to learn more about Crowd Sourced Funding Equity Raising or go to our website: www.esssmallbusiness.com.au/crowdsourcedfunding/learnmore. We have discounted our Crowd Sourced Funding Equity Raising Products by 40% for the month of July 2019, please click here to view our special.
If you have any questions, please send an email to peter@essbiztools.com.au or telephone Peter on 1800 232 088.
Past Posts
-
Final COVID-19 Survival Panel for SMEs
-
JobKeeper Has Reduced - Have You Got Research & Developme...
-
Developing Intellectual Property, Funding It, Perhaps by ...
-
Crowd Sourced Funding Expected To Be In Demand In 2020/21
-
Tradies' Charge Out Rates Review And Corporate Governance
-
JobKeeper Changes And Crowd Sourced Funding Highlights
-
Sound Advice Will Help You Meet The Challenges
-
Taking Opportunities/Upgrading Your Accountant's Role
-
Management Accounting And Government Grants Can Contribut...
-
Marketing and Business Funding for COVID-19 Survival
-
Developing Strategies For An Uncertain Year
-
Predictive Financial Statements and Legal Overview for SMEs
-
Cashflow and Funding a Major Issue for SMEs in the Afterm...
-
Crowd Sourced Funding And The Rejuvenated Business Scene ...
-
Where Can You Get Funding For Your Business And What Can ...
-
Utilising Predictive Accounting to Avoid the Lockdown Blues
-
COVID 19 Survival Assistance for SMEs
-
COVID-19 Survival Assistance for SMEs
-
COVID 19 Survival Assistance for SMEs
-
COVID 19 Survival Assistance for SMEs Number 2
-
COVID 19 Survival Assistance for SMEs
-
COVID 19 Survival for SMEs
-
Getting Ready for 2020 – Running a Better Business With S...
-
Another Source of Equity Capital for SMEs!
-
Having Trouble With Your Business’ Finances?
-
First Year Celebration – Crowd Sourced Funding One Year Old!
-
Sound Talent Recruitment Helps Add Value!
-
Does Your Strategy Create Value?
-
Management Accounts Give You More Information - Why Not A...
-
Do You Feel Like Saying... “Help Me Run A Better Business”
-
OVER 30,000 PEOPLE HAVE ENDORSED CROWD SOURCED FUNDING EQ...
-
What should Should Shareholders, Company Directors and Ma...
-
Crowd Sourced Funding Equity Raising – Accountant’s Role...
-
Crowd Sourced Funding Equity Raising – Scorecard
-
Crowd Sourced Funding Equity Raising - “HOUSE IN ORDER” R...
-
Is Crowd Sourced Funding Equity Raising the Same as Crowd...
-
Early Stage Innovation Company – a “Cousin” Entity to a ...
-
Crowd Sourced Funding Equity Raising - Who Might Be Inter...
-
Crowed Sourced Funding Equity Raising - In The Beginning
-
Experts Endorse Crowd Sourced Funding Equity Raising
-
How To Grow Your SME Without Increasing Your Personal Risk
-
How To Retire With Dignity From Your SME
-
How to say 'Adios' to your Bank Loans & Guarantees
-
Getting Pressured to Repay "Bank of Mum and Dad" Loans?
-
15 Step Checklist for Crowd Sourced Funding Equity Raising
-
Crowd Sourced Funding Can Assist "Scaling Up"
-
A New Concept to Revolutionise SME Businesses!
-
What's Your Next Goal?