Experience is gained through hard work and perseverance. No one comes into this world with prior knowledge and understanding. An apprentice, with tenacity and dedication, becomes an expert. In the case of companies too, it is through a small step that a company enters the market. With the initial sufferings, the struggles and the intrepid spirit, it becomes a concern to be reckoned with. In such cases, some are very lucky with the funds, while others are not. But, there are brilliant entrepreneurs ready with brilliant ideas, without having the proper resources. Such projects are known by the name of startup projects or companies.
Some typical characteristics like low funds, but having good ideas and the ability to earn good returns in the future are common. In earlier times, these projects used to die a natural death without having any security. However, with the entry of management consulting firms and angel investors and venture capitalists, new aspirations for such firms are on the rise.
Organizations hire management consulting firms for a variety of reasons, including the desire for advice and access to their knowledge. Management consulting firms provide idea startup consulting services for growth, expansion, troubleshooting and creating new ideas for startup businesses. Services such as assistance in the design of new companies include areas such as the analysis of business ideas, the preparation of plans, the choice of financial models, marketing and branding, team building, investor search, negotiations , the creation of information and business systems, to name a few. Since such companies have the necessary skills, their ideas serve multiple purposes:
1. Required by angel investors and venture capitalists, as well as banks, for both equity and debt financing.
2. Shows financial analysis, including returns, feasibility, predictions, and future actions.
3. Titration can be done with ease
4. Full business analysis including competitive scenario.
5. Brand positioning
6. What can be expected from the future can be observed and decided
7. Unforeseen contingencies and risks and plans to mitigate them
Angel investors and venture capitalists want to invest in startup projects as it gives them an opportunity to get a fair share of the return, have control over the newly started business and also have a significant stake in the business from its inception.
Just like SMEs, start-ups face problems raising funds and these problems can now be solved through alternative fund investments, equity investments, debt financing, hedge funds and derivatives, and not to forget invested funds by angels and venture capital investors.
There are many well-known management consulting firms that help in the services mentioned above. Of these, the main ones are: AT Kearney, Abacus Consulting, Bearing Point, Logica, KPMG, Huron Consulting Group.
Being a new consulting firm is extending your helping hand to startups. From fundraising to organizing angels and venture capital investors to planning, building, developing and expanding startup businesses. Simply put, it provides a cocoon to take the beginner to their ultimate goal.