About Quick Start & The STEP Program
The Quick Start & STEP programs were created to help Irish Startups evaluate their business ideas quickly - we provide an independent evaluation of your idea from experienced entrepreneurs and business advisors. After Quick Start you can access the STEP program where we will work with you to bring your Startup to life..
The aim of Quick Start is to establish, through a face to face exacting discussion with one of our independent professionals, the parameters and the viability of the business opportunity.
The discussion will cover, among other elements, the product or service you will provide, the market and its characteristics, proposed pricing and costs, scalability and funding requirements and will identify issues you will face if you go forward.
You will receive a written report covering our assessment of the opportunity you have identified. This report will enable you to make the key decision as to whether to move to the next stage and commit further time and financial resources.
The Start Up Evaluation Programme is suitable for Entrepreneurs who have made the GO decision and are anxious to move to the next phase of planning their new business. The programme is designed to produce five significant outputs:
A medium- term Business Plan suitable for presentation to 3rd parties
An accompanying Financial Plan
An initial Funding Summary
An initial Equity Valuation of the business
An Action Plan to DAY 1 trading
This plan will include sections on Markets, Products, Marketing, Distribution, Manufacturing and Organisation requirements together with any other relevant matters.
The Financial Plan will cover a time horizon of 3/5 years and include profitability statements, Balance Sheet and Cash Flow movements together with a Risk/Opportunity analysis.
The Funding Summary will detail the initial capital and operating costs to be incurred (1) prior to trading and (2) post Day 1 until positive cash flow is achieved.
An initial Equity Valuation will be developed based on present value of future cash flows.
Action Plan to DAY 1 trading
The Action Plan will set out the various 3rd party and founder actions required to get to
DAY 1 trading - Go Live!
Stephen Dillon, Founder Startups.ie
Martin has operated at the highest levels in small, medium and large companies and since 2001 has acted as an advisor, non-executive director and chairman of a number of companies. He has more than forty years’ experience in all aspects of commercial life and has lived and worked during that time in Ireland, United Kingdom, France, Italy, Holland and Spain. He now specialises in evaluating and advising start-ups in Ireland
Stephen founded Startups.ie in 2005 to be an entrepreneur driven resource for anyone looking to start a business in Ireland - Startups.ie is now Ireland's leading independent entrepreneurial resource. In 2011 he launched the National Startup Awards which has grown to become Ireland's most prestigious awards program for early stage companies. He has also launched a number of other successful Startups including The Beer Club (Ireland's Leading online craft beer store),12th Abbey Irish Craft Beer and recently Loki & Co. a range of low calorie alcoholic drinks. Stephen continues to be a passionate advocate for entrepreneurship in Ireland and advises Startups particularly in the food & drinks sectors.