How To Grow Your Startup In Malta From Basement To Boardroom In 6 Steps
Bravely stepping out of the system into the world of startups might seem like a daunting prospect. Enter Firstbridge, a business management company, now presenting its Basement to Boardroom programme, aimed at bridging the gap between hearty start-up to flourishing company in just 6 easy steps.
A complete hand-holding experience, they help get even the most disorganised team in order with a tailor-made plan. Firstbridge have already helped various companies successfully raise funds and build award-winning startup brands.
Here’s a taster of what you stand to gain from this tailor-made plan.
1. Assessment
Building from the ground up, this is the perfect time to assess your current situation. Take note of anything and everything, from the company’s strong points, individual and core weaknesses as well as its value proposition and potential position within the market.
2. The Vision
Come together with a plan for your business, have some sort of forecasting exercise and think of solutions to overcome problems along the way.
3. Formalisation
Whether you are setting up a single member entity or a multi member organisation, lay the groundwork, identify the appropriate corporate structure and start setting up your policies and procedures.
4. Accounting & Reporting
Time to get your ship in order: make sure you have reporting systems in place, set up your accounts, establish a working system in order to handle compliance, fiscal and regulatory matters and establish a solid relationship with key stakeholders.
5. Business Matters
Get organised with your business structures and see how best to divvy up your company spending. Ensure you have cost-effective strategies, identified key performance indicators a good HR and marketing plan, and a series of goals and timelines.
6. Gear up for future growth
The sky’s the limit when starting from the bottom, but it all comes down to putting in the time and the effort: get into fundraising, consider investors, think big about potential markets to tap into or any spending money to set aside for bankable resources. At the end of the day, you have to spend money to make money.
Interested in Firstbridge’s programme?
Get in touch with Firstbridge on [email protected] or check out their Facebook page for more information.