Wright's Employment & Staffing Services, LLC
I have a newly established employment and staffing services business and I supplying services to job seekers at no cost and minimal cost to employers. This will not sustain a sorely needed business in the Northern Neck and Middle Peninsulas areas of VA. I need someone who believes in these people and their right to a better way of life. I see them struggle every day to just survive and provide for their families and aging parents. I want to develop employers and training and education and attack the deep down barriers to employment that does not mean 2 hour commutes or choosing between food, medicine or housing.
September 5, 2017
I need funding to be sustainable. I recently moved business back home to save on overhead. My goal is not to make a lot of money, it is to help people in this area find and get jobs, find training and assist employers in getter better staffing and analysis as to why they have skills gaps and frequent turnover. I want to acquire good office space again in 2019 and I wish to get support to start a training center for food service workers. There is a desperate need in the Northern Neck and Middle Peninsular areas for good food service workers and cooks. No one is addressing this need and it could be a boom for not only the employers but also the people seeking full time employment. I have volunteers to teach but need funding for a training space, equipment and all that is required to open such a center.
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VIRAL Level 5: Solidifying the Business Model
You’ve got a revenue model in place and are making money.
Your team has strong sales and operations capability and you’re actively building a strategy to bring down your customer acquisition costs.
What investors at this stage are likely to like about your business:
- Your business model.
You’re making money and beginning to grow your customer base. You’re building increasing evidence through sales that you’re solving a significant problem in the market and that you’re differentiated enough that people are paying you for your solution.
- Your product.
You’ve nailed user experience in your product – it’s easy to use and your customers are continuing to use it. Your team has a deep understanding of the customer’s pain points, what features need to be improved, and have a product roadmap to address those concerns.
Your sales/distribution strategy.
You’re in promising conversations with potential partners for sales and distribution to take your product to market at scale. You might even have such partnership in place already, and it’s important to emphasize this to investors as it’s what enables you to beat your competition in gaining market share.
What investors at this stage are likely to ask questions about:
- Customer base:
Investors will want to see that you can move beyond early adopters to a larger customer base. When do you think your sales will start mapping to projections and what’s your strategy to get there?
- Customer Acquisition cost:
While you’ve thought about how to reduce cost of acquiring new customers, what are you actively doing to bring this cost down? What’s your marketing strategy to move away from push sales to pull?
Regulatory/IP Challenges :
What’s your strategy for protecting your IP (if applicable) and regulatory hurdles?