Mikel Consulting

A practical and carefully drafted business plan is like a road map. If coupled with adequate knowledge and a dose of carefulness, it will make navigating a business a lot easier and simpler. Never forget – “In the end, every startup is different. But in the beginning, every startup is the same.”   ― Richie Norton You have made a great decision to start your own business – congrats to you for that! However, you might be anxious and wondering from where to begin on? Odds are, this question keeps you awake all the night. Don’t you worry; it is the same with so many people. After all, everyone desires success and wants their business to want exceptionally well. Business plan Toronto is the need over here! Having a great and top-notch business idea is a really great and much-needed thing for this business venture. However, execution matters a lot! In order to get everything sorted and manageable, having things in motion is needed. Based on the nature of your business and goals, a ...

Whether you are new to the business domain or a veteran business person, to raise investment, you must have a killer business plan for investors. Attracting Investors: Best Business Ideas for Investment in Toronto Entrepreneurs, enterprises, and projects rely on investment capital to make the business working. All the groundwork and roadmap must be appropriately laid out to have a winning business plan for investment in Toronto. The road to success starts by having a killer and attention-grabbing business plan – the one that has an investor’s interests. Thus, a well-thought-off and strategic business plan is important to get funding for your business from different investors. Experts being said, when writing these business plans, one must always – “Be structured; be persuasive; be technically correct; be brief and to the point.” Why are business plans important? Too often, so many people wonder if they actually need a business plan for investment or not. Well, the answer to this is a b...

  We have seen and heard a lot about financial models lately. They have come up as an indispensable element over the years. Let’s talk a bit about these financial models and how they can bring so much to entrepreneurs and businesses. First, let’s start with What Is A Financial Model? Ideally, a custom financial model Toronto is a tool that businesses practice to anticipate the forthcoming financial performance. Usually, these models are made in excel, using different formulas to help enterprises make better choices and curb all the likely risks. The purpose behind making these custom financial models is pretty simple – in plain words, it is to raise capital, plan projects, increase cash flow, improve business processes, and make better business decisions. A well-thought-of and custom financial model Vancouver, must be formatted in a fashion that – ·          It must be bug-free ·          It...

Being a business innovator, entrepreneur and business owner, you probably agree to the fact – at one or certain point, your business needs financing to get it off the ground. Probably the most important document, in that case, would be the “pitch deck”. This document is going to be a successful and influential part of a successful fundraiser. While finding them would be hard enough but getting them support you and your business idea is even harder. So, how would you get a fundraiser on board with your business idea? What are the important aspects of a winning, compelling and the best start up pitch deck Canada that you must know? Like, what are the must-haves and prerequisites of a great business pitch deck? Just like these, there are a few similar questions too. Well, you will get answers to all these questions and more in this write-up. The following piece is intended to serve as a guide for creating successful pitch decks. And while there is no one-size-fits-all kind of thing in it...

  “The best financial models are simple enough for anyone to understand, yet dynamic enough to handle complex situations.” – Tim Vipond. Well, this quote completely goes with every business today. At some point or another, every business requires a financial model for its decision-making. But, it is not as simple as it may sound. It is vital to understand and to use the right tools to make an effective financial model.  This write-up will give you some tips to make financial models, as there are many who find it hard to make an effective financial model due to its complexity. But before starting with a few tips, it is important to know some basics. Financial Model  A data representation that helps scrutinize and improve the dynamics of a business’s finances is known as a financial model. The major purpose of a financial model is to predict financial outcomes. Often, people hire so many different professionals to make this model and update them on regular basis. Fi...