Most entrepreneurs start their business full of energy, but some soon find themselves deflated by the realities.
In the spirit of helping you prepare and respond positively, here is a list of the most common new venture founder unexpected realities, with some thoughts on how to mitigate each one:
1. The business seems to be driving you, rather than you driving it.
Learn early how to focus on the things you can do, surround yourself with help rather than helpers, learn to say "no" often, and keep some balance between your business and the other elements of your life.
The startup world is all about causing change and reacting to unknowns, so set your expectations early to deal with it.
2. Managing cash is an overwhelming burden, in good times and bad.
Be more realistic in your projections on both ends, for example, always asking for enough to cover the next 12-month runway, plus a 6-month buffer for your next milestone to include contingencies and time for the next fundraising.
3. One or more key players need extra attention or replacement.
Don't take the "shortcut" of not doing your due diligence on aspiring team members, strategic partners, investors, or vendors. Cheaper in the beginning can be more costly in the long run.
4. Endless pivots are required to keep up with market changes.
No matter how certain you are that your solution, target market, and customer need are well-proven, you are likely wrong, or the world changes by events you could not have anticipated. Thus you need to reduce the extra pain by having a Plan B, and a process for rapid change.
5. Getting to the next level of growth is a constant challenge.
The key here is to plan ahead, nurture a relationship with your favorite venture capitalists, and leverage the growth and assets you already have with other lending and funding organizations. Of course this means taking some smart risks, not resting on your laurels, and continuously updating your business plan and strategy.
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op by Joy Chiang, Alumni Community Manager of AppWorks
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ข่าวประชาสัมพันธ์..
แสนสิริ เสนอขายหุ้นกู้ด้อยสิทธิที่มีลักษณะคล้ายทุนฯ ดอกเบี้ย 5 ปีแรก 8.50% ต่อปี
บริษัท แสนสิริ จำกัด (มหาชน) หรือ SIRI มีแผนเสนอขาย Subordinated Perpetual Bond หรือ หุ้นกู้ด้อยสิทธิที่มีลักษณะคล้ายทุนฯ โดยการเสนอขายหุ้นกู้ด้อยสิทธิที่มีลักษณะคล้ายทุนฯ ครั้งนี้ เป็นการวางแผนด้านการเงินเพื่อรองรับการเติบโตในระยะยาวของบริษัท เพื่อให้เป็นไปตามเป้าหมายของการรักษาความเป็นเบอร์หนึ่งในเรื่อง “แบรนด์อันดับหนึ่งของคนอยากมีบ้านในวงการอสังหาริมทรัพย์ไทย” อย่างต่อเนื่...
Continue ReadingPress Release..
Sansiri offers to sell inferior loan shares with similarities. Interest 5 first 8.50 % per year.
Sansiri Public Company Limited or SIRI has a plan to offer Subordinated Perpetual Bond or Unintelligible Equity Equity by proposing to sell inferior equity equity with similarities. This is a financial planning to support the long-term growth of the company. To meet the goal of maintaining the number one in ′′ the number one brand of people who want to have a house in Thai real estate industry ′′ and maintaining a stable business growth.
Offer to the average investor worth not more than 3,000 million baht. Minimum booking of 100,000 baht and multiply 100,000 baht per time. Interest rate in the first 5 years equals 8.50 % per year. Pay interest every 3 months.
Sansiri is the leading real estate company in Thailand. It has been in business for more than 36 years. There is a project in Bangkok (90 %) and other provinces (10 %) covering all groups of single, townhouse and condominium. Niams include the price level that drilled Mass Market group from 1.2 million baht to Luxury items that drill high-income groups, including joint venture for condominium projects with big business groups such as venture. With BTS group and Tokyu Corporation from Japan
As Sansiri has a comprehensive project, all products help to diversify risks of companies. For example, if any cartel or product level is affected by the economy or popularity, companies are capable of having products that respond to a product or a price level of product. Another product group has made it not to lean on the income from the product or one customer group.
In addition to the main income from property development, the company also has income from other businesses to distribute risks.
1. Project management income and representative in buying, selling and renting through the company. Plus Property Company.
2. In 2017, the company expanded its business to foreign countries by acquisition of Hotel Chain named The Standard with hotels under international management such as New York, LA and London.
3. Investing in technology businesses through the Corporate Venture Capital of a company called SIRI Ventures to find investment opportunities in new technologies around the world.
Income and profit of Sansiri
Year 2017 Income 31,757 million baht. Profit 2,824 million baht.
Year 2018 Income 27,146 million baht. Profit 2,046 million baht.
Year 2019 Income 26,291 million baht. Profit 2,392 million baht.
Sansiri's results may be going up and down each year, depending on the delivery of the project each year.
In addition, the past investment started to make some profits to Sansiri for the first quarter of this year. The company recorded the profit of Co-working Space shares called JustCo by record profit of over 700 million Baht.
What is the plan for future Sansiri growth?
Sansiri has announced its goal to be 1th in the Plains (House and Townhome) project, which proceeds from Plains are relatively stable in comparison with condominium project to help fluctuate income. Less in the future
Including Expansion of The Standard Hotel and International Investments to continually expand the revenue base and distribute the company's risks.
In addition, Sansiri has a plan to push sales to grow to 120,000 million Baht within 3 years with strong proactive business plan. 3 ways include:
1. Plans to launch a new project that is tightly transformed to any situation. In half a year after assessment of scenarios, Sansiri has a business plan to move forward to launch 14 new residential projects to support 14 single houses. 6 Townhome and mix project 6 more projects worth 15,200 million baht, including 2 condominium launch plan. Total value of 2,500 million baht.
2. Good stock management. Now Sansiri has ready-to-sell products worth around 7,000 million baht, which is a balanced amount in the market.
3. Strong cash flow management and good liquidity allocated Cash Flow. The company's turnover is up to 10,000 million Baht. It's ready to run the business and is strong in every Council. The company has also scaled the 2563 sales target. Increased to 35,000 million baht, up to 76 % from the last year with total sales of 21,000 million Baht. Due to the result of the business just 5 months ago, it generated sales of over 22,000 million Baht. Growing to 168 % from the same period of the year before
For Sansiri's underlying loan, Sansiri will be reserved between 22-25 June 2563 The company's credibility ranks at BBB +/ Negative and the trust of the loan. At BBB-Ranked by Tris Rating on April 1, 2563
Important terms of inferior loan. The right that resembles the capital comprises.
1. The age of the stock loan is the loan. This time is the loan. No age of the shareholder has no right to give the loan to redeem the lender before the due to redemption. But the lender has the right to redeem 5 years.
2. How to get a refund. If the company finishes the business, this loan will have a decrease in debt after the general creditor, but before the ordinary shareholder.
3. The loan issuer has the right to postpone the interest. This loan, the loan shark can delay the interest by flattering to pay any day. No time and number of times. But if delayed the interest of the loan, the lender will be paid. Cannot announce or pay dividends to shareholders.
4. Interest rates will be fined every 5 years based on 5 years of government bond yield.
Interested people can ask for more information from 6 top financial institutions:
Bangkok Bank. Call 1333
Krungthai Bank. Call 0-2111-111
Kasikorn Bank. Call 0-2888-8888 Press 819
Siam Commercial Bank. Call 0-2777-6784
CIMB Thai Bank. Call 0-2626-7777
And the Bor. Finn cuddle p.m. Cyrus call 0-2658-9500
Or www.sansiri.com; call. 1685
Or more details can be found from the listing, bidding, and prospectus at www.sec.or.th
< Important Warning >
1. Understands of the right to resemble capital. High risk product. Investors should study and understand the product characteristics, conditions, returns and risks before making investment decision. Investment is risky. Please complete the information before making investment decision. Investors can be able to. Discover details from the listing and draft of prospectus at www.sec.or.th
2. Bond market in Thailand has low liquidity. Selling instruments in secondary market could be reduced or increased by depending on market conditions and demand.
Top 3. credibility of a regulator is just an investment decision-making data. Not an introduction of trading on a proposed bond and not a guarantee of the ability to pay the debt of an instrument and when the loan issuer stops paying interest. (In case the company is not informed. Postpone the interest of loan) or early money is default to pay the loan debt (default). If the loan issuer declares bankruptcy or defaults to pay the debt, the shareholders, and other creditors of the company, the loan will have the right north. Common shareholder of the company, issuer in the assessment of the credit risk of lenders, investors can see the results of the credibility ratings of the lenders or lenders (credit rating) provided by institutions. Risk rankings, making investment decisions if credit. Rating of low borrower or lender shows that credit risk of lenders or lenders is high. Returns of investors should be high to compensate for the high risk of lenders.Translated
target customer example 在 AppWorks Facebook 的精選貼文
Founders have to wear a variety of hats and prioritize which information or tools to use. When it comes to marketing, automation and other AI features may be crucial in making or breaking the company's potential and performance. Time and money are some of biggest factors that startups save on when they decide to implement AI in their marketing efforts.
For the AW#17 batch, AppWorks accepted 20 AI teams working on interesting solutions leveraging different types of AI. Some of these teams are creating marketing platforms/tools that are using AI to power their platform. For example, frm.ai is working on an AI-related fan relationship management tool for enterprises to build better relationships with their fans online.
What this all means is that marketing is going through a transformation that's supercharged by the amount of data that each company is able to collect from their users. With this data, startups can improve decision-making, increase personalization, offer better customer service, and target more specific audiences in order to grow quickly and drive sales. Read on to find out more!
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