First of all, the Investor will perform a due diligence process, based on their risk tolerance level. However, you need to see the due diligence process as part of your personal business development and a free way to improve your business. Also, you need to try to look beyond the personality of the investor.
An Investor Valuation can turn your ideas into actions, BUT pre-post valuations don’t work well for early stage companies. Having an Investor in your company is a long-term commitment. It can be anything from 1-5 years, you need to be aware that you will be giving up part ownership.
Unique Selling Point – if you want to make your new business a success you are going to need to pinpoint what makes your business unique. You are not selling a product or service! You are solving a customer’s problem. Get ready as you are going to have to make sure you understand how to serve your customers while maintaining profitability. Read More
Value Based Pricing – Successful businesses maximise their profits by matching their pricing with the value customers put on their products or services. Product pricing is often built on a ‘cost-plus’ basis, while service pricing is generally created on perceived value. Read More
Companies without a clearly defined and agreed vision statement can find themselves lost, in financial trouble and unable to secure the customers they so need. So, what exactly is a vision statement I hear you ask! Well A vision statement is an aspirational description of what your business would like to achieve or accomplish. Read More
Business Planning doesn’t just increase efficiency. Done correctly, it will also increase business income. Business Planning – Why? Lots of business owners do not have a business plan. In other words, they do not have a system to follow. Buy now you will have read headlines, pointing out you don’t really need a business plan. Read More
Mission Statement, if you are just starting your business or already trading the absence of a vision statement and mission statement could result in lost opportunities for: Building a strong culture within your business Attracting and retaining staff Increasing productivity leading to successful implementation of the business plan. Read More