Add Consulting to Your Startup Launch
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
In launching a startup, consider adding a consulting program.
New products and services often require additional training and services to help the customer achieve success.
Over time, the product improves to the point that the customer can install and run it on their own.
In the early days, use consulting to help customers become successful.
The startup raising venture capital will need to be scalable to receive funding.
Consulting is not scalable.
Investors will downgrade the company for funding if a substantial amount of revenue comes from consulting services.
Use a second company to provide the consulting.
It can form a partnership with the main startup to provide consulting services.
If consulting proves valuable to the startup, then it can be bought by the startup and rolled into the main company later.
Many startups find that their product is not ready for prime time at the launch.
By providing consulting services, one can overcome the initial product weaknesses and potentially make additional revenue to pay the bills.
Consider adding consulting to your startup launch.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
Let's go startup something today.
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