In addition to advising on large deals, Trevor Belden of Faegre Baker Daniels helps entrepreneurial clients acquire financing to start new businesses. In Indianapolis Monthly, he shared tips on raising capital that he's learned by counseling his clients and by opening his own business, The Ball & Biscuit.
Many first-time entrepreneurs are unaware of how many financing options there are or the time and money involved in such transactions, Belden said. He outlined the pros and cons of options such as Small Business Administration loans and private investors and gave insight on the art of fundraising and investor relationships.
"Having the right amount of financing is critical to a business's survival," Belden told Indianapolis Monthly. "There are already so many risks and circumstances beyond your control....The last thing you want to add to that is the prospect of running out of money."