Culture Club, Uncategorised

Focus – 5 simple Questions that will help Catapult your Productivity?

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Culture Club

6 Snippets of Advice to Help You Jump-Start Your June!

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Strategy School

The Perfect Partnership - 5 Crucial Components we look at when Evaluating a Company

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Growth Labs

10 Tips for Irish Businesses to Win in 2017!

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Strategy School

The World is Changing Fast! Here's 7 Crucial Insights to Conquer Digital in 2017.

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The Perfect Partnership – 5 Crucial Components we look at when Evaluating a Company

With Every Investment or Partnership we enter, We’re looking for the same ingredients.

As investors we look beyond the business itself. We search for entrepreneurs we can work with. Success to many investors goes beyond a return on investment, and looks to the growth achieved by collaborating, creating, innovating and contributing as a result of the business partnership. A good partnership goes beyond reaching an end goal, it is encapsulated by the journey of getting there. That shared drive and collaboration that enabled the business to reach that point.. We look to 5 simple things when evaluating a company to invest in:

A Top-Tier Team

An entrepreneur needs an army. Our evaluation doesn’t begin and end with the entrepreneur, instead it looks at the team you have and how they’re positioned to make your business prosper and become a leading player on the market. We’re looking for a team that has the necessary domain expertise to guide you to the top. Does your team provide a knowledge base boasting skills in sales, marketing, product development and general operations? Is there a level of chemistry and trust established that empowers the team to move forward in sync? A strong team provides a strong platform to execute, if you nurture and empower yours investors will take notice.

Proof

Show you’re business has a proven business model. Investors are in a game of risk. You make an investors job far easier if you can de-risk the opportunity at hand and show that you’ve taken action and began building a business. Show data that supports your claims, show progress that backs up your ambitious pitch and provide an exhaustive amount of research and insights on the market that reflects your commitment and initiative to make this business succeed.

The Right Fit

Broadlake don’t just invest in any enticing business. Most investors have criteria established for the types of companies they look for. We look at the stage of your company, the industry and market attractiveness, the entrepreneur and the genetic makeup of the company. It has to be the right fit, for the entrepreneur, for the investor and for the company to succeed. At Broadlake we may look at 50 opportunities a year but we may only choose just one. If just one is right then one is the right number to do.

Trust

Trust is vital. It’s difficult to measure and harder to build but it remains the single most important thing in any investor relationship. Without trust, we spend the entire relationship looking over our shoulder, walking on eggshells and second-guessing everything. This relationship isn’t healthy, it corrodes morale and can destroy your business.

Trust is a two way street in any investment. The investor must trust the entrepreneur and the entrepreneur must trust the investor. The partnership must be built upon this. When entering a business partnership use your intuition, get a sense of whether you can walk together in the same direction to achieve your business potential.

Your Story

Your story sets you apart. It provokes connection and resonance with those you speak to. When faced with an investor, your story paves the way to their heart and mind. When telling your story be honest and candid.Stories inspire when they’re based in authenticity, don’t oversell and exaggerate, or be somebody you’re not.  We want an insight into who you are, and how far you’ve travelled on your journey, the challenges you’ve faced and how you’ve overcome them.

These 5 ingredients help instil trust and confidence in what you’re presenting to investors. Whilst different investors will likely place different weights on each component, their importance is universal. Before you meet with a potential investor be ready to discuss these aspects in detail, with confidence and honesty. Build a relationship that builds a business.

Check out what Pete has to say on what entrepreneurs need to consider before seeking investment on episode 1 of SketchLabs below!

Lessons in Investment – 7 Key Takeaways from the Berkshire Hathaway AGM

WHEN IT COMES TO INVESTMENT, BERKSHIRE HATHAWAY HAVE THEIR OWN WAY OF DOING THINGS

They have a very simple but proven model to decide whether an investment opportunity is for them or not. Sticking rigidly to their model over the long term has clearly worked too. We embarked upon an insightful excursion to the Berkshire Hathaway AGM to find out more about how they determine what to invest in, what characteristics and traits they buy into when originating deals. Here’s what we found:

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10 Tips for Irish Businesses to Win in 2017!

SMEs win by being faster, more innovative and flexible than their bigger competitors.

They have the ability to create the right cultures and work environments to attract great talent.  The Entrepreneurs behind them are often fearless in their endeavours, never content sitting still and always looking to improve.  Through our efforts helping Irish entrepreneurs grow their businesses we are lucky to meet hundreds of these companies every year.  These are some tips around common success factors I believe exist across the best SMEs.

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The World is Changing Fast! Here’s 7 Crucial Insights to Conquer Digital in 2017.

Digital is Fast, Frantic and ever-changing.

The current digital landscape provides no place to rest, no place to hide and for businesses, you either listen up or get left behind. The world of today is unforgiving to those resistant to change. We all need to perk our ears and actively seek out the digital trends of tomorrow and help our businesses secure themselves a seat in this future world in the process.

Not everything will be relevant to you, but being cognoscente and aware at the very least is something that will stand to you.

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