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Falcon Invoice Discounting: Unlock Your Business Potential
9 points you should take care of before starting a startup
1. Before Starting a Startup
Founded By: Prakhar Abhishek,
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2. Background
• Things to know about before going after your
startups.
• Your business model and the co-founders with
whom you will be working are your initial assets.
• Now in order to take your startup to next level
you need to go out to seek further funding
whether that’s from an angel investor, a venture
capitalist or through a crowdfunding platform.
• But before you do that make sure you’ve satisfied
all the requirements of this checklist
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3. Business Model
• Your first asset, it will contain all the business
related information as mentioned below,
a). what is business all about.
b). The product and services you will work for.
c). The infrastructure you requires.
d). Any other specific detail you want to share
about your model.
4. Financial Aspect
• This is the natural part of your proposal. Be ready with
the full spreadsheets covering following point:
a). your projected costs,
b). sales and revenue,
c). profit margin,
d). growth rates,
e). break even points,
f). acquisitions
g). whatever you think will affect your business
financially.
5. Growth Model:
• Don’t stick only to the starting of your
business.
• The investors look into the long term
perspective of their investment.
• Have a detailed break ups of following years,
a). first year,
b). first three year
c). first five year.
6. Market availability
• Your model may or may not be unique in the
real world. Your model may be good in theory
but you need to prove that its practical.
• Do some research and show some number
between the need and viability of your
product/service.
• If your model is already well established in the
field, tell about what you are going to do
different.
7. Past Experience:
• Tie up with people who are experienced in the
field. Their maturity and understanding of
business will help in your business growth.
• At the same time, it will help in increasing the
confidence of investors in your business.
• Show that you already have some initial funding
from your friends and family. Make an excel sheet
showing the things you have achieved till date.
8. Potential Customers:
• The end user of your product/service drives
your business.
• In the very initial days try to get at least a few
customer testimonials added to your model.
• This will boost the investor believe in you and
your business model.
9. Funds Requirement
• You must be clear with the amount of money
you require.
• Here you must give a break ups of all your
initial expenses.
• This is essential because it gives an idea of
where the money will be utilized.
• Make sure you have a specific payoff in mind
for your investors.
10. Conclusion
• Be sure to list out more than 90% of items in
this list before you look out for investors.
• If every thing goes fine and you are able to
ring the investor ear drums you will have no
trouble in getting the money you needed.
• For latest startup funding.. visit the link
below..
• http://www.myhpage.in/startups/
11. Thank you for your interest;
Mail us for any query/suggestions.
contact@myhpage.in/ myhmpage@gmail.com