- The Naked Accountant
- Posts
- The CIM that sold flinder (and what it taught me)
The CIM that sold flinder (and what it taught me)
Writing flinder’s CIM was a five-month process. It took time. But the time we invested early-on in storyboarding and scoping the document paid off once out in the world. Five months of planning and countless iterations created the CIM that sold flinder in just 55 days.
A Confidential Information Memorandum (CIM) is a crucial document when raising investment, or selling a business. It’s used to detail a company’s products and services, principal assets, financial results and projections, team, competitive landscape, and more. Its purpose is to help sell the business - highlighting desirable aspects, showcasing successes, and conveying the future potential in revenue and growth.
Why, then, are so many CIMs written and designed like T&Cs? Pages of dense text, with minimal formatting, and nothing to help guide the reader? While they may have the salient points, they can be pretty dull and uninspiring!
A CIM that’s more style than substance would (or should) trigger alarm bells in a potential buyer’s head. Impressive design can’t mask a business model’s shortcomings.
But when you’ve got a strong proposition and you can tell that story in a compelling, visual way, then you’re on to a winner.
I’m confident in saying that because I know what worked for our CIM when we sold flinder.