Frequently Asked Questions
Can't I just use free advice?
We recommend that you absorb as much free advice as possible. Most of the advice will be beneficial. In addition, thebusinessinQbator can provide support and advice that is tailored specifically to your business. By partnering with our associates and really getting to know their business environment, operations, assets and challenges we can apply industry best practice in the most appropriate way.
Isn't this just another consultancy?
No. We don't just tell you how to run your business: we run it with you. You retain control and we roll up our sleeves and do what's necessary to deliver growth.
What if I don't want to give away any equity?
That's fine. But remember, it makes sense to have 75% of something big rather than 100% of nothing.
We have the expertise to turn ideas into businesses.
We can provide services on a daily or fixed price basis. thebusinessinQbator will not invoice you for services unless we have an explicit prior written agreement.
I'm not sure my business is going anywhere, is it?
We'll let you know.
Before becoming involved with any potential partner business we always perform a full health check. You will receive a copy of this independent frank assessment.
Some consultancies have been accused of draining the limited capital resources of unviable businesses but we are only interested in working with companies that have real growth potential.
Why do I need an investment readiness review?
We undertake an Investment Readiness Review before we pursue opportinities for investment in your business. This will help you appreciate what investors are looking for, understand what you need to do to make your business attractive to investors, and decide the most appropriate time to seek investment. An IRR will mitigate the risk of you being put in the position of having to give away an uncomfortably large share of your business. We perform IRRs at BELOW COST as we want to demonstrate commitment to the success of your business.
I don't need to plan because I am following 'Lean Start', do I?
Lean Start Methodology (LSM) is all about high tempo business evolution through rapid iteration and refinement of the product/service offering. TBIQ recommends that entrepreneurs use a Business Proposition Evaluation (BPE, 1-2 pages) to both plan and capture feedback from LSM. The BPE can evolve into a full business plan if the business is shown to be viable.