How Startup Companies Make Critical Mistakes That Prevent Them from Getting the Funding They Need
Stephanie Sims is a Capital Strategist and the Founder of Finance-Ability, a boutique consulting firm focused on helping entrepreneurs get the funding they need to grow their business.
Stephanie founded Finance-Ability after more than 20 years of working on both Wall Street and Main Street. Now she teaches entrepreneurs to paint a picture with numbers that helps them make confident decisions and captivate people with money to say yes.
Here’s a glimpse of what you’ll learn:
- Stephanie Sims talks about the one mistake founders make that prevents them from getting the funding they need
- How to know your numbers
- Addressing mentor and founder tensions
- What happens when founders are not prepared for Demo Day?
- How startup founders and accelerator programs can avoid losing investor interest and Demo Day mishaps
- The critical numbers for startups to know
- Getting your financial model right
In this episode…
One critical mistake that startup companies make is failing to captivate potential investors—and ultimately losing out on the funding you need. Because the founders aren’t ready or prepared to seal the deal, this same mistake ends up making startup accelerator programs look bad on Demo Day. Are you doing this? If you are, Stephanie Sims is here to help you in this episode of the What’s Your Ask show.
According to Stephanie Sims, founders make a (huge!) mistake when they don’t know their numbers since they’re unable to show investors why investing in their company is a potentially profitable investment. So, how do you rectify this? Which numbers are critical for founders to know and how can you get it right? Listen to this episode of the What’s Your Ask show with Stephanie Sims as she breaks down the details of knowing your numbers, why it is crucial for your success on Demo Day, and how to go about learning your numbers.
Resources Mentioned in this episode
Sponsor for this episode...
Finance-Ability is a boutique consulting firm dedicated to helping business owners and startups find their best options for growth funding. Founded by financial strategist and transaction expert Stephanie Sims, Finance-Ability can help any business owner identify the right funding partners and get through fundraising as painlessly as possible.
Visit their website to take their online assessment test to help you find out which kind of funding is the best fit for your business right now. They also have a ton of resources to help you understand business processes and financial decision-making that can help you start and build your own empire so be sure to check them out.
Stephanie has over 20 years of experience having worked with companies like Goldman Sachs and CSFB. If there’s anyone with their heart in the right place when it comes to championing the dreams of small business owners and startup companies, Stephanie is that person. Let Finance-Ability help you get the funding you need and deserve to get your dreams soaring high towards your own brand of success.