TechJournal South had a great article a few weeks ago about raising money in the current economy. Bill Warner, managing partner at business consulting firm, Paladin and Associates, reminds entrepreneurs that having discipline and focus is a top priority at all times, not only in tough economic times. Investors are calling for a conservation of cash, rethinking the revenue plan, justifying capital purchases and a positive cash flow. These greater efficiencies are a good target for successful business, investments and exits. Mr. Warner ends the article with an encouraging word to keep going, redouble efforts and make a positive return quickly.
Entrepreneurs at all stages can benefit from these reminders.