CFO cum Business Advisory , Entrepreneurship

The 4Ps To Success In Your Entrepreneurship

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ie Plan, People, Product, Process

When we analyze all entrepreneurship successes, our only conclusion is, do the 4Ps right.

Once the 4Ps are rightly executed, your business will be sustainable and scalable!

Planning is the most important among all the 4Ps.

The Chinese has this saying – “好的计划就是成功了一半”. Simply means, You are half way to success if you have a good Plan!

 

By Planning, we mean :

1. Making sure the Business Model is profitable, ethical, sustainable and scalable. Pricing is correct.

2. Do proper legal and group company structuring to minimize tax leakages, maximize profit, and maximize cash pooling at Holding or Ultimate Holding level. Careful planning on Exit Strategy, and which level in the group structure to exit later on.

3. Plot out Milestone growth KPIs, Strategies mapping, and Action Plan

4. Quantify (3) into long term ( normally 5 years ) Financial excel Plan with Valuation of the business at say, end of the 5th year

5. Funding Plan to power the growth in (3) and (4) above

6. Cascading (5) down to Balanced Score Card for first 12 months’ Critical Success Factors ( CSF ) to hit first year milestone KPIs by your direct reports.

I would elaborate more on “People”, “Product” and “Process” in my next sharing posts here later.

If you need help, feel free to contact us at :

(O) +65 63851011

(M) +65 90880669

(E) [email protected]

www.corporatebackoffice.com.sg

 

Written by Kelvin Loh