Some small businesses never stop raising capital. In financing emerging businesses, it always takes longer and requires more money than you think. Start-up businesses fail for as many reasons as they succeed. Undercapitalization is near the top of the list for why they fail. Raise more capital than you think you need and begin planning your next round of financing while you are still working on the first round. It has been said that capital does not come until everything is ready.
It is a daunting challenge for the small business entrepreneur to balance the time between raising funds and running the business. If you don't raise funds, the business cannot execute its business plan, and if you don't skillfully run the business, it will make no difference how much money you raise.
On the bright side, you are building an organization that will provide for you and your family, and may someday provide a comfortable retirement. If the business develops on a grander scale, you may become quite wealthy.
Even if you fail in your initial attempt, learn from the experience and try again.
Take the tools presented in this book and make them your own. The more knowledgeable you become, the more effective you will be in dealing with your team, the business community, your investors, and your professionals.
There is no business like business.
May you live in your grandest passion!