Question: Which is the first step involved in properly preparing to raise debt or equity financing? Answer Develop a strategy for engaging potential investors or bankers.

Which is the first step involved in properly preparing to raise debt or equity financing?
Answer
Develop a strategy for engaging potential investors or bankers.
Develop an elevator speech or pitch outlining the merits of the business opportunity.
Determine precisely how much money the company needs.
Determine the most appropriate type of financing or funding.
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