Business Investors Indianapolis

Managing the relationships during business formation is just important as managing the process. 

We are currently working on a project involving multiple co-founders.  All of the partners bring specific expertise to the project.  What I find most interesting is the dynamics of the relationships between the co-founders and the between the company and external businesses.

For example, the company is working with business investors in Indianapolis and outside of the U.S.  The Indianapolis business relationship and the non-U.S. business relationships are similar regarding the business discussions.  The difference is the cultural aspects of the interactions.  The management of the cultural aspects requires a little more patience than the business process.

On an internal level, the co-founders each have different viewpoints of the same business issue.  Some are very detail-oriented while others are focused on the macro-level.  We view this as a good situation for the company.  That being said, the conversation still must be managed properly in order to accomplish the micro and macro goals.

How do you mange the relationships in your organization?

Be+Do+Solve(TM)

The door is open.

The time for complaining about the economy is over.  Whether you are a start-up dealing with business formation issues or a existing company looking for ways to grow your business, it's time to walk through the door.

Business owners need to take a step back from the noise and review the landscape.  Broadly speaking, business are failing and people are losing jobs.  Upon further review, some businesses are failing due to bad management or lack of investing in their infrastructure during the good times.  If your organization is looking to survive or grow, you may want to explore strategies outside of working with banks or grants for funding sources to assist with growth.

For example, one of our clients, a start-up, is working on closing their first round of funding.  They will use the funding to begin production of their product.  In concert with the funding round, they have secured LOIs (Letters of Intent) and other agreements which will generate revenue in their first year.  As a potential solution, we have been approached by and are in talks with several marketing firms which can make the investment.  The marketing firm would be the strategic partner and investor.  The revenues of both companies are projected to benefit from this partnership.

Although we are a business consulting firm based in Indianapolis, we are observing the success of alternative business models from Seattle to South Africa.

Have you been successful with strategic partners investing in your business?

Be+Do+Solve(TM)

In a press release on July 1st, CoLucid Pharmaceuticals announced the closing of their Series B financing of $25US million. This is not out of the ordinary with regard to the financing.  On the other hand, it is a good example of a potential business model for your company to utilize.

CoLucid was founded in Indianapolis, Indiana.  However, the business operates from several locations.  CoLucid is a solid example of a virtual business.  According to a recent article in the Indianapolis Star, "Its three full-time researchers work in Research Triangle Park in North Carolina. Its chief executive, a former Lilly manager, works in Boston, where he most recently was a senior executive at a drug-discovery company specializing in insomnia. Four of its five investors are based outside of Indianapolis."

Whether you are a social entrepreneur or a business solutions firm, the virtual business model may work for you.  If you are looking to explore this model for starting a new firm, make sure to analyze all aspects of the model as they relate to the strengths of your team.  For starters, increased flexibility and decreased overhead are a couple of the benefits of this model.

Are you planning expansion into emerging markets - domestic or global?  The virtual model may work for you.

Be+Do+Solve (TM)