What is the Start-Up
Phase?
The Start-Up phase is the
beginning. It is an idea that is
transformed into a vision.
During this phase of a company’s
development, you will begin to
lay the foundation upon which
your organization will begin to
be built. By building a solid
foundation, you will
significantly improve your
company’s chance of success.
Why do you need Start-Up
services?
Becoming a successful
entrepreneur is not an easy
task. Starting and managing a
business takes motivation, hard
work, desire and talent. Though
many entrepreneurs bring some of
the skills required to ensure
the success of their business,
almost all entrepreneurs could
significantly improve their
probability of success if they
could access the experience and
resources of start-up
professionals.
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When do you need Start-Up
services?
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Many entrepreneurs use our
services because they are
seeking answers to the
following questions:
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How do I start a
business/incorporate?
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How do I attract investors?
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How do I write a business
plan?
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Are my financial projections
realistic?
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Do I need a partner? What
additional issues may occur
if I have a partner?
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To whom should I give
equity?
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How can I keep someone else
from stealing my idea?
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How do I create a budget for
a business that does not yet
exist ?
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Who should I hire and how
can I be creative in
compensating them?
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What are the tax
implications of my business
decisions?
Additionally, many people seek
our services after they have
been referred by a trusted
advisor who suggested that they
would benefit from professional
help with their business plan or
their financial projections.
How can BDC Start-Up
Services help you?
We have worked with many
organizations to lay foundations
for the future for their
organizations. Our professionals
can help you:
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Incorporate your business.
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Identify the best tax
structure and help setup the
financial operations for
your business.
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Write and refine your
business plan.
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Build and review your
financial projections and
budgets.
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Create and refine
communications materials for
prospective investors,
lenders, employees, and
partners.
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Identify market information
required to support your
business model.
Our start-up professionals use
BDC’s proprietary frameworks,
models, and methodologies to
help you be successful. Our
services will help you maximize
the probability of overall
success, minimize the amount of
outside capital required to
build the company and minimize
the equity dilution that you,
other owners and early investors
may experience. Ultimately, BDC
Start-Up Services will help you
increase your probability of
success and reach your goals.
What are the Keys to
Success in the Start-Up Phase?
During the start-up phase of a
company’s life, there are
several keys to success:
-
Develop clear, consistent
communication materials to
ensure that current and
prospective stakeholders
(employees, investors,
customers, and partners)
understand the potential for
the business.
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Build a solid financial plan
that will force you to
understand the feasibility
of your revenue model and
properly budget for the
expenses required to achieve
success.
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Understand how to bootstrap
your business until you can
access funding sources that
will provide enough money to
take you to the next level.
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Identify and protect any
intellectual property or
trade secrets that may
provide a source of
competitive advantage.
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Leverage the experience of
carefully chosen advisors
who can help you avoid the
many pitfalls of the
start-up phase while moving
you toward the validation of
your business.
Our team is composed of seasoned
entrepreneurs who have helped
hundreds of individuals start
and run companies. We bring a
unique mix of experience and
skills to the table for our
start-up clients. Our principals
have business experience
(including strategy, marketing,
sales, finance, accounting, tax
and operations) and venture
investing experience, but most
importantly, our principals have
founded, built, and run
successful companies. We know
what it is like to stand in your
shoes.
