Having a great new idea is not all you need to be Investor Ready. You need a lot more than that, and you need them in the right times and quantities. Let’s explore what it means to be Investor Ready.
So let’s start with the most obvious place of all – profitability! Many people measure some metrics in their business. That’s good, because if you’re not measuring your business you could be out of business and not know it. However there is one metric that you need to keep in mind at all times.
We all know that failing to plan is like planning to fail. A business without a plan – however rudimentary – is in serious trouble. So what do you do when ‘Plan A’ isn’t working?