Q: My business has the potential to grow faster than my cash flow will allow for. How can I fund this growth and take full advantage of the opportunities that exist?
A: Julian Kroll, business development adviser, Industry New Zealand, replies:
Industry NZ has a programme available to small to medium
enterprises contemplating ways to raise capital, called Biz Investment Ready. Biz Investment Ready is targeted at innovative businesses and entrepreneurs who need funds to expand, diversify or commercialise a new concept.
Interested parties can attend workshops on obtaining capital. The workshop series is broken down into 5 segments. These include:
* Business plans that attract capital.
* Preparing for venture capital.
* How to value your business.
* The legal implications of raising funds.
* Structuring the deal.
An introductory pack is available as the first step in the investment readiness process.
The pack contains a guide to investment readiness, a summary of workshop notes and presentation slides, information on the Investment Ready website and a list of programme providers.
To get the free pack, email info@vcapital.co.nz, visit the website at www.vcapital.co.nz or phone 0800 82 27 48.
Once a company has been through a workshop series or has been sent the introductory pack and successfully completed the pre-assessment form, a deal broking service can be offered. The pre-appraisal assessment is a 3-page form that reviews the concept and collects basic information on your business.
If suitable, the business will be assessed by an investment adviser. If the proposition looks viable, an investment statement will be developed as part of the deal broking service.
This will include:
* Industry overview.
* Competitive position.
* Resources and capabilities.
* Financial forecasts.
* Investment statement.
* Recommendations.
IGrow New Zealand, as a specialist business partner, provides this service to Industry New Zealand.
Companies wishing to raise between $100,000 and $5 million should consider calling IGrow, also known as VCapital, on 0800 82 27 48 (0800 VCapital).
A fee of $100, plus gst, may apply for a full appraisal and deal broking fees apply if capital raising is successful.
Details are also available by emailing info@vcapital.co.nz or by visiting the website at V Capital.
* For more information phone Industry New Zealand on 0800 224 480.
<i>Business mentor:</i> Step-by-step guide to cashing in on growth opportunities
Q: My business has the potential to grow faster than my cash flow will allow for. How can I fund this growth and take full advantage of the opportunities that exist?
A: Julian Kroll, business development adviser, Industry New Zealand, replies:
Industry NZ has a programme available to small to medium
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