Finance Toolkit 1 My business stage result EARLY STAGE

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Your business stage is EARLY STAGE.

Congratulations!

At this stage you surely worked out your customers and products, you know how to deliver it and at which price.

The main goals at this stage are to make every part of your supply chain and delivery process as streamlined and efficient as possible and to come up with as much as possible complete and comprehensive green business plan. This means that you should try to settle on a handful of  ‘core products/services’ designed to be as easy as possible to be tested and to work.

A green business plan is not just required to secure funding at the start-up phase, but is a vital aid to help you to manage your business more effectively.

The early stage ends when you have worked out the core products/services, delivered to a target customer and sold at a unit price that makes the product both affordable for the customer and profitable for you. Remember at this stage you’ll have to come up with a green business plan.

In order to support you during this stage the SwitchMed programme developed a specific methodology for the development of the green business plan in order to achieve all the objectives successfully.

Download below the SwitchMed green business model canvas training materials:

→ Training Material: The Handbook for Green Entrepreneurs in the Mediterranean:

This book explains all the major steps for setting up your green business project. Designed to provide the necessary theoretical basis, the Handbook describes the methodology, the main concepts and the tools included in the Workbook, and presents different examples of entrepreneurs and their businesses. It will become your essential companion for your green entrepreneurial journey.

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→ Training Material: The Workbook for Green Entrepreneurs in the Mediterranean:

This book is directly associated with the Handbook. It will help you to put into practice the knowledge you acquire from the Handbook, but above all, to make your project progress in a more practical way. It will guide you along the journey of creating a business, and taking it from a business idea to a green business model. It is conceived from the perspective of a green entrepreneur that wants to take an initial business idea and turn it into a feasible green business, following a series of exercises.

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→ Training Material: Green Business Plan:

This toolkit is intended to provide you with the necessary guidance and support to help you out in the most critical phase of your business: the take off!

Download

Food for thoughts!

The investor point of view at the early stage:

→ 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.

→  At this stage investors mostly want to know whether you and your team have the skills to find the best business model quickly enough. They also wonder if you are agile and flexible enough to iterate until you have a viable and replicable business model.

→ They will not expect you to have a fully developed business but have a consolidate business plan will definitely help you.

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Continue to Part 2 My finance needs:

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