Start-up Mentoring Programme
The Key aspects of Mentoring is, that it’s not just a one-off meeting, or opportunity to pick the brain of a more experienced entrepreneur. If nurtured well, Mentoring can blossom into a meaningful ongoing relationship, where both the MENTOR and MENTEE are committed to achieving certain goals and willing to live up to their end of the commitment.
Occasions when Start-Ups Founders and Team need the support and the Insights Experienced of Mentors
- Issues related to Quitting a Job to Become an Entrepreneur
- Validating your Business Idea
- Enrolling Co-Founders and Start Up Team
- Learning to Boot Strap
- Firming up the Business Idea- Finalising the Business Model
- Firming up the Revenue Model
- Meeting Potential Investors- Angels, SeedFunds
- Analysing Term Sheets and Accepting an Investor`s Offer,
- Scale Up and Execution
- Opening Doors and Lead Generation
Investors feel more comfortable when
- They come across Start Up teams who can communicate what they are doing, plan to do and which gaps they want to monetize in the market.
- So it is important to be able to communicate your Business Model and USP very succinctly and with conviction.
- The Co-founding team is coachable, and are able and willing to learn and grow into larger and different roles as the business changes and expands. Entrepreneurs need a balance of knowing when to listen and shift previous strategies and when to be steadfast in their pursuit.
- A team that they fall in love with and want to work with. Hands-On investors with a lot of experience will devote a lot of time with this team advising, listening, and encouraging and motivating.
- However great the team is, it can only be successful if they are tackling a real problem with real customers, a large enough market size and a real business mode. Investors need to understand the Size and Scale of the Opportunity and the Growth Rates the team can deliver.
- Further we need to state
- Who are the current and potential Customers and how do they fulfil this need today and at what price?
- How many could they be? How large could this business eventually grow up to be?
- What will they be ready to pay for these services? Will the costs and price structure allow for reasonable profits to be made?
- Who will your business compete with?