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| 5.
A startup shop can give you substantial experience |
The compressed
time frame for startups to develop a business strategy, secure backing, build
a Web presence, secure another round of funding and go on and on means you've
got a lot of entrepreneurs on the loose, with scant idea about how to build
a business. Investors, meanwhile, press for the first mover advantage.
When startup shops like Organic, a San Francisco-based Internet-services
firm, accept a client for its "venture catalyst" approach, its goal
is to lead a company from idea to initial public stock offering in 18 months.
It does this in four phases: conception, building, expanding, and establishing.
The concept phase, for instance, entails proving the concept, developing a
business strategy, determining what market the business addresses, and examining
the target audience. A concept demo is developed.
Organic handles the logistics of inventory and order
fulfillment, the public-relations objectives, and measurements of success. This
full-service approach means you're likely to have a committed partner,
especially if the firm has equity in your business.