Your Money Machine

Today I’m joined by James Rolevink, Founder of Noah’s Bark, and we’re talking about his experience with the Founder Institute Pre-Seed Accelerator flagship program and how the program transforms an idea and turns it into a globally scalable, investable business using a logical roadmap that leads to success.

Vision and values are the two things that drive most companies in terms of their growth and their ability to move from being an income stream for the owner to becoming a globally scalable, investable business.

Your vision is what will carry you through the hard times to push you to achieve the goals and the mission of your business.

Today's show is an overview of what you can expect for Season 5. We’ll be following a structured path to building a globally scalable, investable business based on the Founder Institute Pre-Seed Accelerator flagship program that will create a logical roadmap to success.  

I’ll take you through some real life business building examples including my recipes for creating high performing organisations and we will take a look at some the mistakes I made along the way and the lessons I learned from them.

Summary of Season 4 broadcast between January and March 2021.

Whether you need working capital to support your growth, raise funds for a push into a newmarket, introduce a new product range or even have a requirement to raise funds for a new business venture, figuring out what you need to do and where to go can be difficult. With the advantage of “doing this for a living” this show summarises the process and points you in the right direction in terms of funding providers and where to go to get the independent specialist advice you are likely to need.

Business risk analysis is an essential part of the planning process. It reveals all the hidden hazards, which occupy the business owner’s mind on a subconscious level but which have not been carefully considered and documented on a conscious level. Conducting and regularly reviewing business risk analysis brings huge benefits to a company

Without a comprehensive, up-to-date business plan and an implementation timetable, companies may be missing out on opportunities for growth and not realising their full potential. A formal plan can be an extremely valuable tool for managing and growing a business, as it allows a company to recognise its strengths and weaknesses. Furthermore, research has shown that SMEs that have a business plan in place are consistently more profitable than those who do not have a business plan.

Poor cash flow management can cause huge problems for even the most profitable businesses. Until you find and fix the cause of cash flow problems in your business then put systems in place for managing it, your company is at a very grave risk of failure. For the stark truth is without cash, your business will be unable to meet its payroll obligations, be more likely to default on payments to suppliers and creditors, and in the worst case, be forced to cease trading. Without well-defined and well-managed strategies to avoid running into cash flow problems and a plan to improve cash flow if such problems should arise, many companies will flounder, yours included.

There are only four ways you can improve your profits: sell more, get customers to buy more frequently, increase prices and reduce costs. If you can do all four at once, your profits will increase dramatically. Even changing one of these four factors will boost your profits.

To be successful, you and your senior managers need regular access to accurate insights into your business. You need to be able to spot problems when they first emerge; see what’s working; find opportunities, and recognise threats. When you know the reality of how your business is actually performing, you have a platform to work from and can make decisions based on facts rather than speculation and anecdotal evidence.