At IBEC Ventures, we assist entrepreneurs committed to creating Values Based Businesses in all phases of the venture process – from identifying viable opportunities through nurturing their long term growth and development.
| Phase | 0: Screen | 1: Evaluate | 2: Plan | 3: Implement | 4: Support |
| Key Steps | Clarify and Assess Opportunities | Incorporate All Values & Success Criteria | Finalize Plans, Resources & Complete Preparations | Execute Plans & Optimize Processes | Provide Mentoring, Networking, & Accountability |
| Process | Identify Meaningful Business Opportunities | Develop Values Based Business Plans | Provide Coaching & Training to Ensure Readiness | Start-up Venture & Problem Solve as Needed | Provide Growth Coaching, Key Contacts, & Reviews |
| Outcome | Decision to Proceed or Terminate | Viable Preliminary Plan to Attract Investors | Complete Readiness to Proceed to Implementation | Quality Product and/or Service Delivered to Market | Sustainable Business Delivering 360˚ of Success |
Phase 0: Screen
- Identify meaningful business opportunities
- Provide perspective on viability and likelihood of success
- Brainstorm ways to enhance the value proposition and potential for meaningful impact
- Clarify strategic focus
- Eliminate options without sufficient benefit potential or sustainable success probability
Phase 1: Evaluate
- Confirm there is a clear need for the proposed product or service and the offering will be an appropriate fit within the local community
- Develop ideas to enhance delivery of 360° of Success
- Outline how Values Based Business Principles can be incorporated in the endeavor
- Provide templates for
- Developing preliminary Business Plans
- Financial Planning
- Developing Funding Proposals
- Developing preliminary Market Strategies
- Provide resources to determine local and international legal and taxation implications
Phase 2: Plan
- Act as a sounding board for finalizing detailed Business and Marketing Plans
- Work with venture leadership to clarify all objectives and measures of success
- Coach venture leadership on how to identify, confirm and secure needed resources including:
- Capitalization and start-up funding
- Critical skill and training needs for leadership as well as workforce
- Raw material sources
- Operating and sales locations
- Provide training on practical application and how to live core values in the work-place
- Aid development of full integration plan and definition of expected community impact
- Begin intensive training for leadership to enhance critical capabilities and fluencies
- Coach venture leadership in overall strategic planning for operations and delivery
- Provide guidance and training on sound accounting practices
- Coach ensures product design is finalized and key branding and marketing are prepared
- Coach venture leadership in cultivating relationships with future desired customers
- Help venture leadership identify all permits and authorizations needed for start-up and operation
Phase 3: Implement
- Provide expertise for how to execute business and marketing plans with excellence
- Provide practical experience for how to utilize principle based operating strategies
- Provide business set-up guidance and creative problem solving assistance
- Encourage making decisions based on needs for long-term success
- Model examples of how to live core values in the work-place and make them the basis for everyday decisions and actions as well as long-term success
- Assist in the creation of quality control measures and systems for quality accountability
- Provide resources for needed workforce training and on-going skills development
- Ensure all components of planning phase are delivered and start-up objectives are met with excellence
Phase 4: Support
- Provide bi-weekly contact to help address questions and proactively plan for growth and development
- Facilitate networking and relationship building opportunities to expand support base
- Provide on-going coaching and mentoring to facilitate venture leadership's success in delivering against all objectives and accountability to measures of success
- Ensure investor's needs and expectations are being addressed
- Provide periodic evaluation and accountability reviews
