Dr. Yong Hsin Ning, Founding Partner, The Biz Lab
- The Biz Lab is my latest venture to prepare entrepreneurs to raise seed funding from the right investors using our proprietary methodology and tools.
Podcast
Overview
Starting a Business is one of the biggest challenges any entrepreneur will face. There are many questions to answer at the very beginning when starting a business, but the most difficult one is the question of what exactly you want to do. Today we have Dr. Yong Hsin Ning, Founding Partner, of The Biz Lab to talk about her experience.
00:34- About Dr. Yong Hsin Ning
- The Biz Lab is my latest venture to prepare entrepreneurs to raise seed funding from the right investors using our proprietary methodology and tools.
- One of the key roles of a startup founder is to find a way to show potential investors that the business will be viable.
- The financial projections are not just a bunch of assumptions; they reflect how the founder intends to carry out the strategy for the business to achieve commercial viability.
00:56- About The Biz Lab
- The Biz Lab helps prepare entrepreneurs to raise seed funding from the right investors using our proprietary methodology and tools.
- We do not understand how our business strategy translates to the numbers. We develop complex financial models, but the “so what” gets buried in multiple tabs of Excel. Worse still, the projections conflict with the story communicated in the pitch. We confuse investors and lose credibility. Naturally, we don’t get the funds.
- At The Biz Lab, we make it super-easy for you to understand what investors are looking for in the numbers and what this means for your business. By the time you are done, you will be the investor darling who strikes a balance between selling the idea and credible projection.
04:52- Top three reasons why startups do not make it
- The inability to break down big ideas.
- They try to build a technology platform first.
- Not knowing your numbers and misunderstanding the risks.
RESOURCES:
You can connect with Dr. Yong Hsin Ning- LinkedIn
Visit https://www.thebizlab.io/
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Profile
- The Biz Lab is my latest venture to prepare entrepreneurs to raise seed funding from the right investors using our proprietary methodology and tools.
- One of the key roles of a startup founder is to find a way to show potential investors that the business will be viable.
- The financial projections are not just a bunch of assumptions; they reflect how the founder intends to carry out the strategy for the business to achieve commercial viability.
