4. Top 10 Start-Up Mistakes
Poor Management Uncontrolled
Acumen Growth
Inexperience Poor Location
Poor Financial Improper Inventory
Controls Control
Incorrect Pricing
Weak Marketing
Not a Transformer
Failure to Develop
a Strategic Plan
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5. Sagacious Contributes to
StartUps
Thoughtful business plan/model development
assistance
Sound input on global expansion
Clear planning and strategy assistance
Critical risk analysis and risk mitigation planning
Comprehensive market analysis and planning
assistance
Sage advice from experienced startup
executives
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6. Risk Management
Your Potential Risk
Types of Risk Include:
Financial (currency, cash flow)
People (succession)
Legal/Regulatory (contractual)
Political (SOX)
Product (adoption to market)
Market (demographics)
Operational/Reputational (missed deliverables)
Environmental (earthquakes, fire)
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7. Risk Management Happens
Risk Management
All the Time
Before During After
• Prevent • Mitigate • Recover
• Mitigate • Learn
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8. Risk Management
Active Risk Management
Identify & Understand Risk
How Hungry Are You?
Align Organization Around Risk
Embed Risk in Operations
Determine What’s Determine Is
which your which everyone
risks company’s decisions on the
matter appetite affect the same
most for risk? company’s page?
risk profile
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9. Why PracticeManagement
Risk Risk
Management?
Can you afford not to?
Your competition is doing it for strategic value
(Market Watch -2010-04-27)
Your ability to make informed decisions increases
Senior Management has greater visibility into an
organization
Key stakeholders (i.e. regulators, customers,
investors) expect a risk management program
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10. Project Management
Project Management Office (PMO)
Office (PMO)
Why create a PMO?
Over 50% of organizations with a PMO report
improved project success and a standard
methodology (CIO.com – Why You Need a Project
Management Office, 07/01/03).
You Know You Need It Because
You feel you cannot allow employees to take time off,
as work cannot be readily handed off.
Your clients are not happy with results, or feedback
states performance is inconsistent.
You feel you cannot promote people because you
have no one to feel their shoes.
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11. Project Management Expertise
Project Management
Expertise
What is it?
Project management is the systematic ad
organized set of processes that bring order and
efficiency to the logistical details and team
management of any project with a definable end.
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12. Project Management Expertise
Project Management
Expertise
You Know You Need It Because
Your organization struggles to meet deadlines.
The quality of your product is inconsistent.
Stakeholders go elsewhere for information.
Morale of the group is low.
You cannot replicate past successes and prefer to
think of it as luck.
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13. Project Management Expertise
Project Management
Maturity
Maturity Level Brief Description
1. Unreliable Sporadic use of project management. Lacking formal knowledge and documentation
Processes of standards of project management. No training. Little organizational support.
2. Informal Missing a formally approved pm methodology. Basic processes are not consistently
Processes applied. Project participates are informed of pm standards, but do not apply these
standards appropriately. Lessons learned are not gathered.
3. Standardized A pm methodology is developed, approved and used. Project participants are
Processes informed about pm standards. Most projects are implemented using these standards,
with management’s support. The focus is on individual projects
4. Monitored An integrated project life cycle methodology is used. Application of the stand set is
Processes monitored and fixed for all projects. Projects support the strategic plan. Project
benefits are tracked. Internal training exists. A PMO is established.
5. Optimized Regular analysis and renewal of existing pm mythology is conducted. Lessons learned
Processes is created. Knowledge transferred. Process in place to improve project performance.
Management focuses on continuous improvement.
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14. Project Management Expertise
Global Guidance
Expanding internationally is daunting + rewarding
What are the risks, opportunities?
Which is the best market for my company?
Who do I need to work with?
Do I need a work visa?
How do I start in a new country?
Who can I work with?
Which country should I start with?
Do I hire or contract?
How do I work with them?
What is the tax situation like?
FDI, license, export?
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15. Business Process Management
Business Process
Management (BPM)
Sound processes can:
Reduce risk
Increase customer
satisfaction
Reduce operating costs
Improve attractiveness
to investors and partners
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16. Sagacious View Management
Business Process
We take in the big picture of
a company because
sometimes, what feels like
the problem is really the
symptom and we focus on
treating the root cause.
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17. SagaciousThink
sagacious |səˈgāshəs adjective
|
having or showing keen mental
discernment and good judgment; shrewd
SagaciousThink - Confidential
19. Welcome to the US
o Failure is an option
o At will employment
o Tax, tax, tax
o Markets are not the same
o Channels do not look alike
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20. Funding in SV
o Understand Angel vs. VC
o Have product + team
o Be the cure (not the aspirin)
o Be compelling
o Know your market
o Know the protocol
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