gettingfunding

gettingfunding - How to Get all the Funding you require to...

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Unformatted text preview: How to Get all the Funding you require to get your product to market What is a small Business Entrepreneur? Entrepreneur n. a business man or woman of positive disposition who attempts to make profit from opportunities by risk, initiative and guidance from 2-small-business.com Defining Your Product or Service and Its Markets Focus on a problem you have personal experience with – make sure that it is a “top three” customer worry Avoid technology wanderlust – “if you build it, they will not come” Look for market dislocations where new leadership can emerge Defining Your product or Service and Its Markets Attack large and growing markets (>$1Bn) Timing is critical – avoid: – Markets that are hyped – usually too late – Markets that are out of public favor (e.g. B2C) Make sure that you have first mover advantage – thoroughly and creatively research the competition Focus, focus, focus …. Differentiate, differentiate, differentiate …. Building Your Team Be honest/open about team’s holes internally and with financiers Hire A+ team members – wait for right people – make sure you feel that you have the best CEO possible Look for a mix of skills and backgrounds: – Combination of vision vs. operating skills – “mystic” vs. “mundane” – Startup vs. domain expertise – Mix of former companies Building Your Team (Contd). Focus early on engineering and sales/business development – mid-level talent OK if senior team profiles unclear Everyone should know how to sell Involve investors in key hiring decisions (e.g. V.P.s) Spread ownership fairly Avoid nepotism Creating Leverage Through...
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gettingfunding - How to Get all the Funding you require to...

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