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New ventures are inherently risky and may require a large amount of resources at an early stage. Entrepreneurs and investors often require a way of objectively determining the likelihood of success, in order to determine the level of investment they are willing to commit. It is only by taking a structured approach to the evaluation of these new ventures that the upfront resource requirements (and inherent risks) become clear. Organisations and individuals we help include: • Entrepreneurs seeking to set up new ventures looking for guidance through the steps needed to maximise the chance of success
• Technology businesses seeking venture funding - governmental, angel, venture capital
• Existing businesses seeking to manage subsidiary companies, spin-offs, and strategic business units
• Incubators - organisations that support/foster the growth of new businesses
• Organisations that need to choose between competing initiatives
• Investors seeking to fund high risk - high return businesses We work with entrepreneurs to develop a non-technical business plan that is easily understood by board members and other decision makers. From information about key product benefits, market size and the level of competition, our team can complete complex financial projections that illustrate how the venture will grow over the first three to five years, and how this growth will be financed. Through combining our extensive knowledge of the issues facing new businesses with an in-depth understanding of the specific products, the entrepreneurs and the business, we can objectively assess the ongoing viability of a new venture. To make this assessment, an evaluative tool is often used to rate the business’s various strengths/weaknesses in line with those considered to be important by key decision makers.
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