Posts

Showing posts from December, 2021

Do You Know About Business Credit?

 What is business credit? Business credit is set up in the business name and based solely on the credibility of the company. But do you know what's needed to get started? Do you know the building blocks to do to get started? Most companies out there are unaware of what I'm talking about but we show you the way to get started credibly. The principle FICO rating utilized as a part of the business world is known as the Paydex score given by Dun & Bradstreet. This number shows the risk of the business' ability to payback the terms of the credit or loan similar to that of the FICO score for personal credit. The paydex score ranges from 0-100. The higher the score, the better the credit is for your company. The score is based on how the company pays of the debt and the promptness of the payment to the suppliers within the given timeframe to payback the debt. Most lenders are looking for a score of 70 or higher but for best results, you should have at least an 80 Paydex scor...

Questions Investors Will Likely Ask You

 Getting your startup funded is not a small challenge. It's even harder when your startup is at an early stage when there is no "field" proof that could indicate the chances of its success, like a working product, happy customers, steady income etc. in the early stage of a startup, founders need to prove investors that the company doesn't only have a great product with a clear market fit, but they need to show as well they are capable of leading the company through the next stages and ultimately to success. As a preparation for the meetings with potential investors, it is not sufficient to only master the business plan and intimately understand the business model, but to also work hard and prepare for the conversation itself with the investors. What does it mean? First, you need to know and understand the potential questions that investors could ask, and be prepared to answer them thoroughly, to the point and impressively. Those will include personal questions on yo...

How to Pitch Successfully and Recruit Investors?

 A small talk with a potential investor could lead to your dream investment. But how do you approach such a conversation? You are working day and night on your startup. You got a winning team and are doing your best to develop a great product. Now all you need is to find investors. You know that what separates you from your life's dream is one phone call. Well, there are some good news and some bad news. Starting with the good - it's possible! The bad news is that it's going to take, apparently, a lot of time and effort to succeed. If it took Churchill one hour to write every minute of his speech, than writing yours, which presents your startup, generates impact and willingness to hear more, will be a much difficult task. By combining several tools and one simple solution, you too can transform the most complex product or service to be exciting, simple and valuable. Let's get started: Set a goal for your Pitch Before you sit down to write your pitch, set your self a ...