Blinded by the detail
12th October 2017
As entrepreneurs, we are inherently creative and spontaneous individuals, we are risk-takers, innovators and our drive and determination to launch a new venture means we are sometimes blinded by the detail that really matters early on in our journey. Entrepreneurs today, need something that is sophisticated, yet pretty simple to use, and that helps them to get that bit right at the very start before any money is spent and the business finds itself in trouble. This is why more needs to be done to support entrepreneurs with their business modelling.
We don’t need another set of spreadsheets, but instead a complex, multi-dimensional, modelling and forecasting tool that provides an easy end-user data entry workflow to allow you to achieve the model and forecasts that identify the risks and challenges we have discussed previously. It has to be fully secure and backed up for the entrepreneur to continue to check and adjust as they go through their start-up years; oh, and it has to be free of charge because most startups don’t have extra cash to burn.
That was the real reason behind The Brand Foundation registered for budding entrepreneurs and why we have developed such a tool. Entrepreneurs and startup businesses are the backbone of the UK economy and more new businesses would succeed if P&L, cash flow and risk were addressed much earlier on. So anything we can do to help that process to run more smoothly, can only be a good thing.
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