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Jade Gray

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      • Jade Gray

        Industry Expert

        @jade-gray

        Reply submitted 17/08/20 @ 03:00pm

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        Hi Ollie

        First off congrats on taking the plunge and kicking off your own business.

        In regards to your question, it’s hard to give nuanced advice without understanding more details e.g your goals, timeframes, resources (time/money), experience, etc. The below however are some general rules I follow in regards to funding,
        – Always add 30% extra to your most well thought thru budget
        – The best time to seek funding (Loan/Investment) is when you don’t need it. Your energy/confidence/ability to negotiate is completely different when you are not desperate for the funds.
        – Even if you get an approval/offer you don’t need to accept it. Great to have those funds potentially waiting in the wings if needed at a later date.
        – Always have someone in your team or your network that understands your industries numbers/metrics inside out. Their experience/advice is worth its weight in gold.
        – There’s no such thing as a free lunch. Am I willing to take on funds in return for meeting some/all of the investors needs? e.g ROI, vision, seat on board, etc
        – If you fail to plan, you plan to fail. Write a business plan irrespective of fundraising. It forces you to deeply think about the details of going to market more than you may otherwise. This includes a comprehensive budget.

        The last thing I would add is be careful of a “pay as you go” approach. Reason being, how long is a ball of string? Set a plan and budget and look to stick to it. Set milestones that need to be reached in order to achieve that plan. Of course things can change and a plan needs flex, but budgets rarely should. Draw some budgetary lines in the sand and get brutally honest with yourselves if and when you want to cross them. It’s not to say you can’t, it just means it should be a very conscious decision taken with caution.

        Best of luck and feel free to keep reaching out as the venture progresses.

        Jade

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      • Jade Gray

        Industry Expert

        @jade-gray

        Reply submitted 17/08/20 @ 03:00pm

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        Hi guys. Happy to take a call to learn more about your business and the challenges/opportunities at hand. Whilst I have limited food truck experience I know the F&B/Restaurant industry well.
        Contact me on my email if you’d like to set up a chat. jade@planttechnation.com

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      • Jade Gray

        Industry Expert

        @jade-gray

        Reply submitted 17/08/20 @ 03:00pm

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        Totally agree on the previous comments. Also worth looking at potential co-manufacturing options in your area i.e a find production facility that is looking to maximise it’s capacity and has the equipment and know how to help you produce. Keep in mind a strong IP strategy if you go down that route, something Callaghan can also possibly help with.

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      • Jade Gray

        Industry Expert

        @jade-gray

        Reply submitted 17/08/20 @ 03:00pm

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        By Michael Gerber

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      • Jade Gray

        Industry Expert

        @jade-gray

        Reply submitted 17/08/20 @ 03:00pm

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        For an inspirational read on systems management I highly recommend getting a copy of “The E-Myth Revisited” My Michael Gerber. An easy read that really delivers

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      • Jade Gray

        Industry Expert

        @jade-gray

        Reply submitted 17/08/20 @ 03:00pm

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        Hi there. I have used Zoho for many years and have had a good experience. My previous two businesses all ran on that. They have a whole suite of applications with their Project app being particularly well regarded internationally. You need to have seperate apps for seperate functions (Projects, CRM, Collab, etc) but are all compatible, including easy integration with Google docs, Microsoft programs, etc. In my experience the “one size fits all” platforms that do everything lack in functionality, I think the Suite approach is better.

        https://www.zoho.com/

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      • Jade Gray

        Industry Expert

        @jade-gray

        Reply submitted 17/08/20 @ 03:00pm

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        Happy to help out. Great to see Social Entrepreneurship in action. In my experience the two key factors in successfully applying for these offshore grants/investments. 1) Measurable impact (Ideally 3rd party accredited) 2) Strong governance processes and team. Very important that whilst you are small and local you are seen to operate with international best practices in mind. It’s all about building trust and impact, with those two fore-mentioned factors playing a key role in building that. Best of luck.

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      • Jade Gray

        Industry Expert

        @jade-gray

        Reply submitted 17/08/20 @ 03:00pm

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        In regards to the funding question, when you are ready to begin looking for investment/grants if you or your network have the bandwidth I would also consider looking offshore. There are significant global philanthropic and impact investment groups looking to support social enterprises aligned with the United Nations Sustainable Development Goals UN SDG’s In the case of Kainga Tupu SDG#4 “Quality Education” is at the heart of it’s mission, even more relevant given it’s focus on indigenous language and culture. Through simple desktop research i have little doubt you will identify many of these organisations.

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      • Jade Gray

        Industry Expert

        @jade-gray

        Reply submitted 17/08/20 @ 03:00pm

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        Great to hear Ollie. Go well!

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