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The services provided by VentureBean are delivered through a mix of online, offline and face-to-face interactions based on the specific requirement. VentureBean provides a variety of services for different needs such as:
· Taking a view of the long term positioning and business goals: balancing the long term needs of the company with the short term requirements
· A stock take of the current status of the business: review of the operations of the business and course correction if required
· Preparing a business plan and budgeting
· Working with an action plan and monitoring performance
· Understanding costs and a review of the pricing policy
· Continuous partnering in financial strategy
· Choosing between multiple options, such as accepting investment from an individual versus taking a bank loan
· Understanding the value drivers of the business
· Preparing for due diligence
· Valuation and negotiation with potential investors
The services can be broadly set out into three categories:
· Consulting: Project/output focussed - typically limited to few interactions
· Advisory: Focussed on a range of activities - typically long term and/or retainer mode
· Mentoring: Engaging with founders and key management team members - typically one-on-one and long term
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