extrakTALKS with Dr. Jon

Start Up Secrets Revealed - #61


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Startups need to know the ins and outs of their business.  Are you able to answer these key questions.

  • Why should investors invest in you?
  • You need to articulate what you are doing? and why are you doing it? 
  • In order to get investors, you need to be the expert and know your numbers.

Give your investor and customer what they need:

  1. Educate: Need to know the process details, costs, risks, formulas, recipes, documentation, quality
  2. Reduce: Reduce confusion over conflicting information form vendors
  3. Clarify: Clarify recommendations from consultants
  4. Cost: obtain highest value at lowest cost
  5. Quality: Have equipment produce the highest quality and flexible oil options
  6. Compliance: Help navigating compliancy
  7. Experience: Need someone with experience to put it all together

Keep the company management and ownership small

Know your 3 year picture of where you want the company to go. Fill out the Entrepreneurial Operating System (EOS) to get the bigger picture.

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extrakTALKS with Dr. JonBy Dr. Jon