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Avoid failures​​​​​​​​​​
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Pitching and writing business plans sucks! But we love them. Your lack of experience and insights can sink your business. That is where we can help so that:
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Leave it to experts
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Spend your time wisely
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Grow with confidence
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Without the outside expertise to guide you, the risks of costly legal and financial mistakes grow.​
The harsh facts are:
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60% of businesses fail in the first 3 years due to a combination of factors.
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50% have no clear market demand
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40% have no path to profitable unit costs
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34% of small businesses that fail lack the proper product-market fit
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22% of start-ups that fail don’t have a sound marketing strategy
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We do not want you to be in that number.
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We offer timely advice designed to help your business grow with our supported.
Our expertise is in developing business plans to match the funders’ requirements. Here are some examples of the questions to think when considering a pitch or a business plan.
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​​Banks or loan funding require projections supported by accounts, these projections need to be based on previous results and by security or guarantees. The main feature of this type of funding is your ability to pay back the capital and interest over time.
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​Grants require a different approach, from local to EU or Innovate UK grants. We have experience bidding and winning, such grants.
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Business angels look for value generated in the future. These are your best bet for seed or risk capital as they will take a share in the business in expecting of future gains. This is ideal for technology or start-up businesses.
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Venture capital is better suited for scaling up your business. You have existing cash flows or projections are used to diversify into new areas or add resources that will help you grow.
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Mergers and Acquisition actions require detailed planning to see if a merger or acquisition proposal makes business, financial and value creating sense.
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Business transformations require money and human resources. Often businesses fail to develop flexible scenarios planning with a strategic perspective.
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Show how AI and Chat GTP impact your business and assumptions.
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Contact us for a free initial chat.
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Source: Https://explodingtopics.com/blog/startup-failure-stats
https://www.reddit.com/r/ycombinator/comments/1g88e45/how_many_startups_fail_to_raise_capital
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