ACE Startup Consulting

02/09/2022

🚀 How to make solid STARTUP FINANCIAL PROJECTIONS to increase fundraising chances?

1️⃣BENCHMARK: Use industry and Startup Stage benchmarks
2️⃣HISTORICAL DATA: Make full use of your historical data
3️⃣SCENARIOS: Projections should be based on at least two scenarios
4️⃣FLEXIBLE: Make sure the financial model is flexible for sensitivity analysis
5️⃣FEEDBACK: Get expert feedback if possible
6️⃣BE REASONABLE: Don’t be too optimistic or conservative

✅MOST IMPORTANT: Hire a startup financial planning and Valuation consultant if finance is not your strong point.

👉 We can prepare a robust financial plan for your startup based on our several year of experience working with different Industries globally.

📞 Book a FREE consultation meeting, or just DM!
https://calendly.com/acestartupconsulting1/30min
Email: [email protected]

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27/06/2022

A 3-way financial forecast is more of a three-in-one situation. It’s a single financial model on one spreadsheet that brings together the three key accounting/financial statements:

1. Profit and loss (P&L)
2. Balance sheet
3. Cashflow statement

As your startup grows, you’ll likely need one.

Message us for more details!

19/01/2022

Ever wondered what is a brilliant funding pitch is?
Have a listen, that's how you close the deal with extra.

20/12/2021

💡 12 Frameworks for Finding Startup Ideas

Moment when founders supposedly “stumble” on a great idea is one of the most romanticized aspects of startup lore.

It’s also highly misleading.

In fact, it usually takes methodic, disciplined work to generate great startup ideas.

That’s why I wanted to share these 12 frameworks for finding startup ideas from First Round Capital, a seed-stage venture fund that has supported 300+ companies including Uber, Square, and Notion.

Here are some highlights:
🔹 Put more effort into problem selection than you think you need to.
🔹 Hunt for ideas in non-obvious markets.
🔹 If you can’t think outside the box, make the box bigger.
🔹 Don’t be afraid to let your idea simmer for a while.
🔹 Focus on the best jobs to tackle.
🔹 Start pitching, and sort through all the feedback.

What method do you use to generate business ideas? Please share in the comments. 🗯️

Hustler Consulting – We help startups with business plans, financials plans, Startup Valuation for fundraising, Pitch Decks.

18/12/2021

🚀 5 Essential Qualities Investors Look For in Startup Founders

Have you heard the boilerplate rejection from investors that you have a great idea, but you need more ‘traction’?

Founder and angel investor Martin Zwilling outlines what investors want to see in founders and their startups:

1️⃣ You focus on ex*****on after the idea phase.
2️⃣ You build a plan based on concrete goals and targets.
3️⃣ You make decisions quickly based on facts and data.
4️⃣ Your team and processes are aligned with the mission.
5️⃣ Your team is engaged and communicates well.

No founder nails all these aspects when first starting out, but it's important to keep learning, growing, and aiming for them.

➡️ Maintaining these qualities over the long term will help you scale and stay competitive.

What’s the #1 quality founders should have? Let me know below! 👇

04/12/2021

📉 6 Common Reasons for Startup Failure

We’ve all heard the odds before: 9 in 10 startups fail.

For your startup to have the best chance at success, you can learn from other founders’ experiences.

The biggest startup killers are:
1️⃣ Marketing problems – mostly lack of market fit.
2️⃣ Team problems like lack of knowledge & skills.
3️⃣ Finance problems – mostly for later-stage startups.
4️⃣ Tech problems – mostly from overspending on expensive tech.

Operational and legal issues also plagued some startups with physical products or in heavily regulated industries.

Key takeaways for founders:
✅ It will likely take 2-3x longer than you expect to validate your market.
✅ Startups with the resources and flexibility to pivot 1-2 times grow better.
✅ Don’t scale prematurely by over-investing in resources too early.

11/11/2021

Why it's important to have a business plan before setting up a business?

Soon as we have a business idea, we are excited to jump into entrepreneurial mode and start establishing our business without analyzing its viability. Having a business plan is very important for m…

30/10/2021

How to evaluate a idea?

You have several business ideas cooking up in your head but not sure which is the right one? or you simply don't know is it worth giving it a try?

Here is a quick guideline:

· PROBLEM: Does the Startup idea addresses a problem ? Problem gives opportunity so it's importance can't be ignored.
· SOLUTION: What solution you have for the problem ?

How to validate the base of your startup idea - The PROBLEM?

1. Is it a COMMON problem? does lot of people faces the problem?
2. How fast is the problem GROWING? like is it growing every day etc?
3. Does it require IMMEDIATE solution?
4. Is that a REGULAR problem people faces? or is it just a one-off/rare?

The problem not necessarily have to have all of them but at least one and ideally multiples.

Feel free to reach us out for any help.