While an Advisory Board has no legal authority over a company, they can be extremely important in guiding the company to success through sharing experience and wisdom with the team. If you are looking to scale your company, and believe that an Advisory Board might help we can assist in assembling a group of talented individuals to help guide your business.
The business health check is designed to help you take control of your business and obtain even better results. We will help you identify the strengths, weaknesses, opportunities and threats in your business and implement a plan to improve performance in each key area. You will gain personalised, expert business advice on how you can transform efficiency, productivity and profits as well as the implementation of well thought-out strategies.
While we believe in keeping startups lean and agile, it’s important to get a plan down on paper. We can assist you in creating a flexible business plan that will help guide your organization as it grows, and serve as an important strategic document for prospective investors or partners.
There are all kinds of considerations when it comes to corporate design – Ontario Incorporation or Federal Incorporation? What share classes do I need? How many shares should I issue? What about options? How do I prepare for an equity investment? These are some of the more common questions we hear, along with many others.
We can help you work through the design of your corporation so it’s ready to grow with your business.
Understanding a wide array of resources that are available to you is an important step in transforming your idea into a viable business. We will walk you through the knowledge and advisory resources within Spark Centre, as well as the larger innovation network in Ontario which include videos, articles, workshops, seminars, and more.
Our executive coaches bring their own direct experiences as highly successful corporate executives and entrepreneurs to our clients. These experiences help foster and speed up empirical learning without delay or formal education sessions.
Understand the financial requirements and cash flows of your business is imperative. Our advisors have a strong background in finance and accounting to help you out. For more intensive accounting and financial management we can introduce you to one of the accounting firms in our Expert Network.
At some point almost every startup will require some form of capital to grow. That capital can come in many forms such as traditional debt financing, angel & VC investments, government grants, and more. We can help you navigate the financing system to find the best form of capital for the stage your business is at.
Finding the right government grant program for your business and then applying correctly can be a challenge. Our advisors are plugged in to the government grant landscape, and can help you find the right program and apply successfully.
Developing talent and hiring a team requires more than a simple employment contract and pay cheque. We have the resources to help you understand the legal, tax, and government requirements that exist with employees.
If you have an idea for an innovative business, or a product/technology that has potential but aren’t sure where to start we can help. Our team will sit down with you to help uncover the potential of your idea, and build a preliminary business model and go-to-market plan.
We leverage our connections within the community to put together an Interim Board of Directors for your company while you develop and execute on the growth strategy.
Many technology companies are formed on breakthrough scientific innovations. Protecting those innovations through intellectual property is something that should only be done by IP professionals – we can introduce you to IP professionals who understand the startup environment.
Additionally, every company will encounter situations where legal advice is required. The trusted legal professionals in our Expert Network can provide consultations and more in depth services such as incorporation, shareholder agreements and subscription agreements, all aligned to enable innovative companies.
Navigating the manufacturing and distribution world can be difficult, especially for new entrepreneurs. We can help you connect with the right manufacturer for your business, and put the required agreements in place to protect your interests.
Understanding your market is essential to developing a strong business model, but secondary market research can be very expensive. We provide access to MaRS Marketing Intelligence Services for free – an extremely valuable resource for any start-up.
One of the most important components in a startup is getting your message to the target market in a direct, effective, and economical fashion. Our marketing experts and mentors can help you develop a marketing plan to create buzz, drive web traffic or anything in between.
Innovative, scalable technology based companies can see demand grow very quickly, and the organization needs to be ready to grow along with it. Whether is organizational scaling, online growth, IT infrastructure, distribution or manufacturing we can help you get prepared.
In some cases our clients require day to day operational support to execute on strategic projects. We can connect you with an advisor who will work alongside you in your business for a set period of time to help you achieve success.
For entrepreneurs with a growing business, just keeping product on the shelves or supporting software is often a full time job. We can provide the support and strategy you need to hire employees, find office space, scale the corporate structure, and find opportunities within the region.
Whether you are pitching your idea to friends for some seed capital, or going in front of a VC firm for big capital you will need to have a clearly articulated value proposition, and solid pitch prepared. We can help you distill your idea down to the key values, and prepare a pitch that tells the story and shows the value of your business.
Once the pitch is ready to go, we can run your team through a “Mock Pitch” or “Mock Boardroom Session” to practice and receive feedback in a friendly environment.
Rapid Prototyping, 3D printing, CAD design, Engineering, Software Development and more – our advisors, mentors, and service providers have experience in all aspects of product development, and can help you get from idea to prototype to production.
When it’s time to start making sales you and your team will need a practical crash course in selling. Our sales experts and mentors can work with you to develop the sales collateral, client account strategy, negotiation plan, and connections to grow your sales quickly.
Each start-up is unique, some may need more direct help in crowdsourcing, legal contracts, sales negotiation, information technology, business start-up administration, creative graphics or web design we will help you find the right person for your needs.
Scaling a company almost always involves leveraging outside help through partnerships and alliances. Our team has extensive experience in developing strategic partnerships and alliances and can help guide you through the process.