Countless companies are turned down for funding because they lack the basics such as: an advisory board, board of directors, solid executive staff with a well groomed pedigree, reasonable share price, business plan and PPM that spell out the risks for the investor and an original marketing strategy that covers all the angles. These are just a few of the most common mistakes that companies make out of naivety and by not taking the time to hire an expert to properly structure them to make the entity appeal to investors.

Seasoned expansion and turn-around consultants can step into a company and immediately zone in on the issues that will hinder a client’s investment magnetism. Often times it only takes 2 to 3 weeks to completely reorganize a company to make it stand out like a beacon in the turbulent finance industry. If you are seriously considering the idea of raising capital with a private placement memorandum, traditional institutional loans, venture capital or a public offering don’t be penny wise and dollar foolish.

Spend some money and hire a consultant who is completely submerged in the finance industry to take control of the elements of your corporation that are seen as ‘black eyes’ to investors so that you can achieve the capital you’re seeking.

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Even before the decision was made to cancel the 2009 season this past December, it had been a tumultuous off-season for the Arena Football League. It began with the resignation of long time AFL commissioner David Baker just two days before the Arena Bowl championship game. Though Baker put a positive spin on his resignation saying that he felt it was time, the timing was curious. Imagine the symbolic weight of the gesture were David Stern to resign right before the NBA finals, or Roger Goodell to step down before the Superbowl”even though Baker insisted that it the decision was strictly for personal reasons it doesnt exactly send a positive signal about the stability of the league.

In October, the owner of the New Orleans VooDoo announced that the team would cease operations”despite being one of the league leaders in attendance. In announcing that the team would fold, owner Tom Benson (who also owns the NFL Saints) suggested that the end of the five year old franchise was in no way an indictment of the New Orleans market. Instead, he cryptically explained that it was due to circumstances currently affecting the league and the team.”

With a dispersal draft planned to reassign the VooDoo personnel, uncertainty began to reign over the leagues future. The dispersal draft was scheduled and postponed several times amid assurances from the AFL office that rumors of financial instability were unfounded. The most recent announcement finally put all of the speculation to rest.

The inability to get any consensus on a business model for the league reportedly served as the final nail in the AFLs coffin. A major problem was skyrocketing player salaries, and some sort of compensation system tied to team revenues was a necessity. That agreement was reached with the players, but a bigger conflict between the owners on a variety of business model related issues were never able to be resolved.

Despite the demise of the Arena Football League, it wont be the end of the road for the twenty two year old sport. The 50 yard indoor war lives on in the AF2 league which, ironically, was originally started as something of a developmental organization for the AFL. The league plays in smaller markets and has a more realistic salary structure. A number of current AFL players”and possibly a couple of AFL franchises”could end up in AF2.

Ross Everett is a widely published freelance writer and respected authority on sports betting odds comparison. He writing has appeared on a variety of sports sites including sportsbooks and betting odds portal sites. He lives in Las Vegas with three Jack Russell Terriers and an emu. He is currently working on an autobiography of former energy secretary Donald Hodell.