Start Up Secrets Revealed - #61

extrakTALKS with Dr. Jon

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2+ y ago 31:24

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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:

Educate: Need to know the process details, costs, risks, formulas, recipes, documentation, quality
Reduce: Reduce confusion over conflicting information form vendors
Clarify: Clarify recommendations from consultants
Cost: obtain highest value at lowest cost
Quality: Have equipment produce the highest quality and flexible oil options
Compliance: Help navigating compliancy
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.

64 episodes

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