All investors want to see that your company has momentum. This means that you are consistently moving forward, making milestones, setting schedules, conducting meetings, selling products, and opening up new avenues. They want to see evidence of teamwork…essentially, a real company.
Momentum is the tendency of a person or group to repeat recent success. (Dictionary.com)
Are you repeating success?
Ask yourself two questions:
- What did we accomplish last week?
- What do we know today that we did not know at the beginning of last week?
If the answer is “nothing” to either question, then you have a momentum problem.
Some very simple steps:
- Set some Goals or, whether they can be done today, this week, this month or take several months.
- Identify what objectives need to be accomplished to hit those goals.
- Break down each objective into smaller tasks.
- Identify how those tasks will get done, who will do them and when they will get done.
- Write everything down.
- Distribute it to the team.
- What tasks will you and your team do this week?
- Get focused on those tasks.
- Follow-up on what everyone is doing.
Every Monday morning, repeat this by re-examining what you set down before. Celebrate team accomplishments.
You will notice after a while that your business now has momentum. Investors will see this.
