Thanks for taking the survey!
Your score is .
Your business stage is GROWTH.
Congratulations!
Your business should now be generating a consisting source of income and regularly attract new customers. Cash flow should start to improve as periodic revenues help to cover on-going expenses, and you should be looking forward to seeing your profits progress gradually and progressively.
Remember at this stage an exhaustive business plan includes especially the economic-financing plan as crucial element to meet possible investors. The financing plan has to include the profit and loss statement (that is the summary of all the company’s income and expenses during a year, and the results obtained); the cash flow plan and the break-even point calculation, indicating the minimum volume of sales that allows all fixed costs to be covered.
By now you will have assessed your business, examined future opportunities, and put an in-depth strategy in place.
Food for thoughts !
The investor point of view at the ideation phase:
→ For growth stage investors expect you to have a strong and homogeneous business model. They also ask for proven, easy to roll out and profitable core products or services. So, before you launch a new product line or enter a new market, analyse the growth trajectory of your business sector. And remember: if your margins are tight or on a downward trajectory, you may want to revise your growth strategy. Focusing your resources on optimizing your existing business could be a better route.
→ Remind: entrepreneurs seeking to expand should evaluate whether they have enough capital to make the jump. You need to spend money to make money, dedicating sufficient resources to ensuring your team, training program, hardware, software and processes can handle an influx of new customers.
(Please check your spam folder if you don’t see the email immediately.)
