It’s my belief that all good CEOs should have built at least one company without the benefit of outside capital investment.
Building the business of your dreams is hard, but it’s even more challenging when you have a group of investors analyzing your every move ensuring that you don’t screw up, lose momentum, or worse, lose their money.
Here are my top 5 reasons why you should avoid raising money:
1. It Forces You to Manage Your Cash
Cash flow is the blood of your company. Without it, nothing else matters. Unless you have experience running out of it and recovering, you will never be able to understand what’s needed to manage and grow your cash reserves. Managing money is step #1 in running a company.