Written for EO by Andrew Frazier, MBA, CFA, SBPro
For many entrepreneurs and small business owners, securing financing is one of the biggest challenges. Certainly, financing is more difficult than it used to be, but early stage entrepreneurs also struggle to do the work needed to be in a position to obtain financing.
I suggest small owners P.R.A.Y. to get capital. No, I don’t mean get on your knees and pray (though, that probably doesn’t hurt). I’m talking about this four-step process to increase your chances to getting the right financing: