Scaalex Blogs
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Scaalex brings fundraising insights to you, from profit & loss to cash flow planning. Build a robust financial model to make strategic fundraising decisions that impact your startup growth.
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Business Plan
What is Business Plan A business plan is a standardised written document outlining the company’s organisational, financial, and operating framework. A good business plan gives potential investors the right insights into the company’s current state and how it becomes an investment opportunity in the future. A good business plan is a prerequisite for any startup to begin with and to attract more investors. In short, a business plan conveys the business goals, both short-term and long-term, strategies used to achieve this goal, the problems and the competition that a business might face and ways to overcome them, the overall organisational structure, marketing and positioning strategy and the amount of fund required by the company to sustain for a long run.
By Scaalex Blogs4 years ago in Journal
How to Choose the Right Business Idea For You
Choosing the right business idea is vital to your future success. Unfortunately, far too many entrepreneurs spend their first couple months trying to decide what they are going to do, rather than focusing on building their core competencies. There’s a saying that starts with an introduction: “What you don’t know can’t hurt you.” That’s why it is essential to know how to choose the right business idea. In this article, we will share with you some tips that will help you with this critical decision.
By Scaalex Blogs4 years ago in 01
What is financial modelling?
Financial modelling is the creation of a startup’s financial projections for a specific timeframe. By this projection, you can find out the future growth prospects of the startups. Accordingly, it is a process of creating a summarized sheet of startups’ expenses, income and anticipating future financial decisions. Thus, financial modelling is all about understanding how a startup works in the selected period and clarifying the fund utilization.
By Scaalex Blogs4 years ago in 01
