And don’t forget: you can pick up the industry’s top tips on raising capital at the City A.M. and Entrepreneurs World conference on 22 June. Visit www.cityam-helix.com or see advertisement below.
BEISSENHIRTZ’S TOP TIPS FOR WHEN THE HEDGE FUNDS COME CALLING...
● Be cautious, but open minded. If properly negotiated and properly looked over by your lawyers, restructuring your debt with a hedge fund can be good for you and your business.
● Most of the time the people who work for hedge funds are very professional, but I have seen some things that would turn your hair white. Don’t let scare tactics spook you and be wary – don’t trust everything you’re told.
● Have a pro-active stance – approach the hedge funds yourself. But be sure you get the right fund. There are lots of different types and you should aim to get one that specialises in your sector.
● Don’t expect the process to be speedy. Restructuring takes months, not hours. Be sure to get out of the office and maintain your work-life balance while this is going on.