by Jeffry A. Timmons and Dale A. Sander
Most entrepreneurs understand that if the fundamentals of a business idea—the management team, the market opportunities, the operating systems and controls—are sound, chances are there’s money out there. The challenge of landing that capital to grow a company can be exhilarating. But as exciting as the money search may be, it is equally threatening. Built into the process are certain harsh realities that can seriously damage a business. Entrepreneurs cannot escape them but, by knowing what they are, can at least prepare for them.
Read more on Financial markets or related topics Entrepreneurship and Venture capital
A version of this article appeared in theNovember–December 1989issue of Harvard Business Review.
Read more on Financial markets or related topics Entrepreneurship and Venture capital
