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There have been cases where seed capital disappears into the thing air not because the startup founder or entrepreneur didn’t invest it into his business, but because he had no blueprint and strategies that would ensure that the capital was well used. In this article, I discuss the three factors startup founders and entrepreneurs must consider before raising capital.
Market Opportunity And Ambition
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And this ambition must be opportunity-driven and profitable in the long run. For example, if your company product is in constant demand, you aren’t meeting up due to a shortage of manufacturing equipment, getting more funds to buy more equipment and increase manpower to meet the needs of the ever-increasing customers is a good way to go. Also, expansion into untapped potential markets requires capital, hence getting more money to venture into potential areas is very ideal. There is a need that money needs to fulfill.
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For example, with capital, your business can have the following impacts such as additional equipment or facilities, expansion to more states outside your domicile location, additional staff, and so on.
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