High-Level Timelines for Raising Capital
In business, high level timelines are like commercials. They are designed to sell a product or service to the customer. Just as a commercial is designed to sell a product, a high level timeline is designed to sell an idea. When you are pitching your business to potential investors, you need to have a high level timeline that outlines your story and sells your idea. This timeline should be clear, concise, and convincing. It should make your investors believe in your vision and want to invest in your business.
A high level timeline or "WideChart" is an essential tool for any business owner who is looking to raise capital. By including all of the essential elements of your business, you will be able to convince potential investors of the viability and potential of your business.
here are 5 tips for making a clear WideChart to maximise your chance of raising capital successfully:
1. Keep it simple
The first rule of thumb for any high level timeline is to keep it simple. You want your investors to be able to understand your story and your vision without getting lost in the details. Keep your language clear and concise, and focus on the key points that you want to communicate.
2. Start with your vision
The best way to sell your idea to investors is to start with your vision. What is it that you are trying to achieve with your business? Why do you believe in your idea? What difference will your business make in the world? When you start with your vision, you will be able to capture your investors’ attention and get them excited about your business.
3. Include key milestones
Once you have explained your vision, you need to include key milestones that your business has achieved or will achieve in the future. You should try and stick to just 3 or 4 max in one WideChart. This will show your investors that you are making progress towards your goals and that you have a plan for your business. Include key dates and target markets for each milestone to give your investors a sense of your progress.
4. Make it visually appealing
Investors are bombarded with information, so you need to make sure that your high level timeline is visually appealing. Fortunately, WideCharts follow a standardised design that always looks great so you'll have nothing to worry about here.
5. Keep it updated from time to time.
As your business changes and grows, so too should your high level timeline. Keep your timeline updated with new milestones and achievements to show your investors that you are still on track. This will give them the confidence to continue investing in your business.