Business advisors can be a valuable asset for an entrepreneur, particularly for a first time start-up a company. A business advisor is different from a co-founder or investor. They aren’t looking for a piece of your business and are usually interested in a mentoring-style position where they can provide you with advice and perhaps take…
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Managing a fast-growing business presents both opportunities and challenges. The chance to become an industry leader is attractive, but it comes with the risk that demand will outstrip capacity. To avoid that pitfall, you need a strategic plan that’s backed by adequate financing, empowered employees, and the right information and communications technology. So how does…
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Every business owner will reach a point where they need to exit their business, and like most things in life, if this event is planned for, the outcome is more likely to be better than something that ‘just happens’. There is more than one way an owner may exit their business (e.g. via a trade…
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What exactly is a business advisor? In the world of sport, even the highest performers have a team of coaches, mentors, and advisors to help them get the best out of every aspect of their performance – strategy, tactics, skills, physical fitness, resilience and mental fitness. To perform at the very highest level in business,…
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Are you working on your first/next fundraising round? Here’s our top tips on how your lawyer should help you through the process… They should: Explain the fundraising process to you and what the cost/timings will be to get the cash. Generally, the more you raise the more complex the deal so the higher everyone’s fees…
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Many business owners would consider their business a success if they managed to achieve a consistent level of growth. But for entrepreneurs with their sights set on taking their business to the next level, it almost certainly requires they be able to achieve scale. Knowing the difference between growth and scaling up is the key…
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Advisors empower entrepreneurs by providing perspective. Effective advisors can help small business owners evaluate ideas and unlock the aspirations they have for the business. The key is to find someone that can challenge your thinking, share the actions you’ve taken and be flexible about how the relationship evolves. Here are EFM Growth’s top tips around…
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Take two businesses, of comparable size, revenues, and profitability. Why would one sell more quickly than the other—and for considerably more money? Here at The Legal Director, it’s a question that we often ask clients, in order to illustrate the benefits of exit planning. The reason isn’t difficult to discern. One of those businesses will…
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Entrepreneurs and business owners are known to be innovative, focused and highly motivated by nature, consistently nurturing their skills and talents to drive their business model. However the path to success can be rocky and doesn’t come without its challenges. Successful entrepreneurs quickly identify their pain points, the financial impact and implement plans to overcome…
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