Glen Wakeman’s five components that lead to the success of startups

Glen Wakeman, a former executive, breaks down techniques to successful investments. The Internet has continued to offer extensive information to the world and investors are using it to bring vast and explosive economic growth globally. New entrepreneurs are using the information on the internet to venture into business and hence, boom new startups all over the world. Although the information is somewhat useful, there is much to gain following knowledge that is given by someone who has walked the path, have skills and experience in the business world. Glen, therefore, discusses various methodologies that lead to successful business.

 

Marketing is the leading component he explains about. Glen says that marketing is a platform that enables the entrepreneur to promote their services to potential clients, and also educate on the benefits of their goods and services.

 

The operation component comes in, and it simply touches on how the investor will deliver their services to the clients. It includes the implementation of their ideas and even the logistical considerations.

 

Glen Wakeman also talks of talent as the third component. Investors should evaluate their capabilities before venturing into a business. The investor may have a robust and stable plan on how to implement the ideas but lack the ability to maneuver through the project. This opens the question if the entrepreneur requires partners to execute their vision.

 

The financial methodology is crucial and critical. Entrepreneurs should understand the risk he is about to take, one must evaluate if the cash at hand will complete the job. What are sources of their cash flow and how much is required till the venture start bringing in some cash?

 

Lastly, Glen talks about risk management component. Investors are advised to examine the flaws of their ideas. If any defect is detected, it should be addressed before the plans are implemented. Entrepreneurs should evaluate their businesses to ensure the minimum risks possible.

 

Glen Wakeman is a successful businessman and has gathered vast experience with startups companies. He has credible skills as he has served in various organizations. Glen is the founder of Launchpad Holdings.

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