Carlos Hank Rhon, Longtime Business Leader
As the leader of multiple businesses, Carlos Hank Rhon's career spans decades and has fostered great success. Throughout his lengthy career, he has accrued vast amounts of knowledge on the essentials of growing a prosperous business. Here, he provides a variety of articles on various essential business topics to assist business owners in expanding their knowledge base and reaching their business goals. Effective business planning includes a variety of factors and Carlos Hank Rhon has provided insight into the areas of business equity, management, funding and investments.
It's sometimes easier to raise equity finance as a business owner than it is to go to the bank. This is especially the case if you will be investing in intangibles, or an IP-heavy business. Don't be scared to hand over a percentage of your business if you believe that it will enable you to grow that much faster, recommends Carlos Hank Rhon.
Although there are business investors who are willing to look at companies in all sectors and at all stages in their growth cycle, you're more likely to get a favorable valuation if: You have a unique idea, a protected idea, or you are likely to benefit from a first movers advantage. Your drive, passion, flair and management expertise are all extremely important factors too.
To learn more about business equity, click here.
The more progress you have shown as a business manager, in terms of sales and product development, the more favorable your potential investors will be towards your business funding proposal. Anybody can make a business plan but if you already starting to turn it into reality then you will show others that you have the management skills to grow the business further.
Financials are important too explains Carlos Hank Rhon. The stronger the balance sheet, the greater the cash flow, the more profitable your company is now - the better. However, earning potential will also play a role in the investors mind. As a business manager, you have to be prepared for getting plenty of rejection if you want to succeed. If you are determined and persevere long enough you will find the funding.
To learn more about business management, click here.