Scale Up With Nick Bradley 15 Minutes To Action - Is Fundraising Or Bootstrapping The Right Choice For You?
In this week's '15 Minutes TO Action', Nick discusses a popular topic among the Scale Up Your Business community - should we be seeking external investment in order to scale, or should we use bootstrapping to get there?
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https://highvalueexit.scoreapp.com/
KEY TAKEAWAYS
- Fundraising is the art of going out into the world of investors and raising capital in order to fund the scale-up ambitions you have.
- Bootstrapping is where you invest your own capital, or use funds from your founding team, or the profits from the business itself, in order to drive growth ambitions.
- Businesses have different cycles of growth, and so the need vary from time to time. It's not just the domain of start-up.
- We must ask ourselves if external investment is actually What will these funds actually do for your business? Can you survive and thrive without them?
BEST MOMENTS
'Some businesses need a lot of capital to get off the ground'
'You're effectively giving up equity...'
'Do you really need to go after external investment?'
'You need to be clear right from the outset about what your exit strategy is'
VALUABLE RESOURCES
Scale Up Your Business – scaleup.vip/podcast
Join the free Scale Up Your Business community: scaleup.vip/community
Take the Six Peaks of Value Creation Scorecard, to measure your current business performance and show you where to focus to get to where you want to be: https://scaleup.vip/sixpeaks
ABOUT THE HOST
Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert.
His background is growing and scaling Venture Capital and Private Equity backed businesses globally.
Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.
CONTACT METHOD
Work with Nick: https://highvalueexit.com
Nick’s Facebook page: https://highvalueexit.com/fb
Nick’s LinkedIn: https://highvalueexit.com/li
Nick’s Instagram: https://highvalueexit.com/ig