Investors Invest in Management
The team you have in place will figure prominently in an investor’s decision to fund your business.
From: Inc.com
One factor that almost always figures into a savvy potential investor’s evaluation of your company is your “team” — key management and advisers. This is particularly true for a young company with no track record of its own.Why do investors tend to base their decisions to invest on management teams? The answer is in large part because there are so many imponderables about any emerging business. Even a great business idea sometimes simply can’t succeed on its own strength alone. The idea may be too revolutionary, too unproven or otherwise lack sufficient credibility. It may involve a product or technology that is simply too complex for the potential investor to understand, or market projections that are simply too speculative. This is when you have to rely on the management team to give the business credibility. The history of the management team may be the only solid, understandable, non-speculative information available to the potential investor.
For the entire article go to Inc.com
Corra knows that to invest wisely you are buying the right staff. That is why Corra offer business credit reports for the business overall, and comprehensive background checks for the different executives. These reports will tell you at a glance quite a bit about the business and the people running it. Among the items included int he comprehensive search are property ownership, bankruptcies, liens and judgments, licenses, corporate affiliations, relatives and other material.
Corra offers criminal background checks as well. We recommend Federal criminal and Federal civil background checks for executives involved in the financial sector. This is the best way to discover if they were ever involved in white collar crimes.
Check them out before you get involved.
