TakeFLIGHT'S Shark Tank Extravaganza Registration
General: Here is your chance to tell them what you do and why you started the business
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Owner Name *
Business Name: *
Email: *
1. Be prepared to discuss your business. Why did you start it—what is your background in the field? What need did you see being answered with this business? How did you come up with the name? What is your vision of the business? Explain your current performance levels in general terms—revenues, profit, break even.: *
2.Where do you see it by year-end, in 5 years and 10 years? What do you see as your biggest hurdles in reaching these goals and what do you need to do to go over the hurdles.: *
3.What is your target customer and why? What gives you the ability to reach this customer? What type of marketing have you already tested – have you perfected the process of customer acquisition (explain it) – or are you still testing it and what insights have they gained thus far?: *
4.How big is the market you will serve and how will you differentiate yourself? Who are you major competitors and what is their competitive advantage? What type of team will you need and what will be their skill set? : *
5.Why should the potential lenders/investors people back you? Value add? When would the lenders/investors get paid back and how?: *
Product or Service:
What is the product or service
1.Describe your product or service? Why/How did you come up with the idea? Who is the product geared to (ie who will the product serve)?: *
2.How is your product different that others in the market or are there others in the market?: *
3.How much will you sell or provide in a given month? What are your costs per month and what methodology did you use to get to this number? How much will you have to generate in top line to break-even? : *
Financials:
Someone once told me to always know the numbers
1.Have a balance sheet, profit and loss statement and cash flow for the years that have passed and for at least the next year to three years (your projections). : *
2.Know what those numbers mean and discuss them. Be able to explain how you got to your projections and how the funds you are asking for will enable you to reach these projections. : *
3.Your investor wants to know how they get paid back, tell them: *
4.Tell your investor where they fit in the Capital structure—are you looking for a loan (debt) or someone to take a piece of your company(equity): *
5.Please explain how the cash flows for your business. For ex. 45% of my payments are in the form of cash; the remainder is in credit cards and they pay me in 3 days. From there I pay these suppliers and have this much left. Or I bring in my product from China, I pay upfront and it takes 45 days for me to get the product and then 30 days to get paid from my customer, so I’m looking for financing to cover 75 + days of cash.: *
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This form was created inside of The Women's Venture Fund.