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One of the harsh reality that entrepreneurs sometimes have to face is that not all "great ideas" will actually make a "great business". But how does an aspiring entrepreneur figure this out before they have invested their heart, soul, time and money into it and fail?
James Naylor will join Karen Rands on this segment of the Compassionate Capitalist show to discuss what an entrepreneur can do to make sure their idea can be the next big thing and will attract the capital they need to launch and grow.
James Naylor is currently the President / CEO/Founder of KENOVA Technologies and founder of KENOVA Ventures offering technology development, startup coaching and technology investment companies, respectively. James has worked in the high tech field for over 25 years, mostly working with and advising startups. He is also co-founder of Exponential Business Systems, a business sequencing company and is on the board of numerous software companies and non-profits.
Listen in to hear how to build a business model for an idea and validate it in the marketplace. By understanding the business sequence of starting a company, an entrepreneur will not only validate the business opportunity for his own investment of time and money, but grow the value in his company. By creating real value in your company, even as a start up, an entrepreneur can minimize the share of the company that has to be given to those early investors and reduce the risk of their investment, making them more attractive to the investor compared to other deals.
Karen Rands is the President of Kugarand Capital Holdings, a strategic advisory firms for start up and early stage companies. Through the LAUNCHfn Access to Capital System, hundreds of entrepreneurs have been helped and have succeeded in growing their businesses and raising capital.
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It's good to talk.