Finance Toolkit 1 My business stage result SCALE

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Your score is .

Your business stage is SCALE.

Congratulations!

If you reached the scale business stage you probably might have the sensation there is almost a routine-like feel to running your business, you have a clear business model and traction in the market and you possibly are seeking further capital to accelerate the scaling. You have a staff in place to lever the areas that you no longer have the time to manage and your business has now firmly established its presence within the market.

So now, before searching for new capital, take your time to start to think about how to capitalise on this level of stability you reached by expanding your horizons with extended offerings and entry into new markets.

Businesses in this stage often see rapid growth in both revenue and cash flow as the outline has now been established, but be warned about getting too comfortable.

Remember, while having a successful business model behind you is certainly an advantage, it is not a guarantee that it will work elsewhere within other markets or will result in the same success. Your task is indeed to take on new challenges as you look to constantly expand, but measure your risk and do your best to secure your company for all contingencies

Food for thoughts!

The investor point of view at the scale phase:

→ Always be honest with the investors about which stage your business is: they normally look for different characteristics according any specific maturity stage you occupy.

→ If your stage is scale remember: Investors will want to know your financial performance and you need to know your numbers. Something that could also be relevant is your capacity to show that your green product or green service is unique. Provide the potential investors with concrete data that your market potential is big enough to make investing worthy.

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Continue to Part 2 My finance needs:

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