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3 Things Red Butler is Good at for Startups

Posted by Red Butler Team on 03/ 23/ 16

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Startups face many challenges as they grow, but Red Butler's team of executive virtual assistants are here to help you reach your goals.  Here are three things Red Butler is good at for startups: 

 


 

1.  Real time inbox and calendar monitoring- Delegate the management of your inbox and calendar to Red Butler and we will monitor both in real time.  Meet Taylor, our real time virtual assistant here:  http://btlr.net/hitaylor. We know startups can be busy when building a successful company, Red Butler wants to help you focus on your business rather than focusing on your inbox. With the help of Taylor, you will have someone proactively monitoring an inbox to schedule meetings, update your calendar or to make a call.

2. Recurring task management- With Red Butler, you can set it and forget it.  Our executive virtual assistants will quickly take care of your recurring to-do list items.  Just delegate the tasks to us with all the details and we will take care of it as many times as you request, without you having to send us additional requests each time.  The most popular tasks people delegate to our executive office assistants are expense reports, social media posting, and spreadsheet updating with current industry information. 

3. Online Research- Part of every startup's growth plan is a lot of research.  Delegate your online research to Red Butler and our executive virtual assistants will provide you with accurate and extensive information from across the internet.   We can do competitor comparisons, market research, or provide backup information you need for a report. 

Let Red Butler help you grow and accomplish more.  Contact us today to find out more about how we can help your business boost productivity and reach its goals.

 


 

As a startup, Red Butler understands the time and hard work that goes into growing a company. Let Red Butler help you by delegating your most time consuming tasks to our team so you can focus on your growth and development as a business.  Request a personal consultation to see if Red Butler is a good fit for you!

 

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Topics: Startups, Tasks to Delegate, 3 Things You Should Know

Why Crowdfunding Doesn't Replace a Venture Capitalist

Posted by Red Butler Team on 06/ 28/ 15

 

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Startups inevitably reach a point when there is a compelling need to seek capital, whether it is before they launch a product, add to their staff, or expand into a new market. We take a look here at Crowdfunding and Venture Capitalists as a way to reach the next level of growth.

 


 

The need for cash comes at different times for each startup, and today's startups have the luxury of obtaining funding from a variety of sources. There are angel investors, venture capitalists, and a more recent option- crowdfunding. The desire to get cash with "no strings attached" is highly desirable for startups but a key component of growth strategy is market validation.  Startups need to know whether their business idea is going to succeed while their ROI is still viable. Crowdfunding offers a snapshot of what may happen if the product reaches a larger audience. However, after the initial capital is raised through crowdfunding, the business is left to then search for money again when that crowdfunding money has been used.

Here is a quote from a recent article in Entrepreneur which discusses different types of crowdfunding but comes to this conclusion:  "Since there is never enough money to feed the startup beast, I don't see crowdfunding replacing or crowding out angels or VC's in the near future." (You can read the whole article here). A few major advantages of crowdfunding is that the product can be tested at market, and cash can be raised fairly quickly.  It is a great way to get a "vote" on viability.  Success in crowdfunding gives traction to your growth and can then be showcased to a VC.  

So when should a startup consider a venture capitalist? Here is something to consider- crowdfunding doesn't offer the one-on-one advantage that a VC brings. Industry knowledge, connections, mentoring, and the ability to secure more capital at critical points of growth are just a few advantages a VC can bring to the deal. If your startup could benefit from these things, it may be time to seek a venture capitalist, especially if your business has already been validated through crowdfunding.

Whether your startup is just launching or is at another point of growth, there are many choices you can consider for your funding. It is a decision to be weighed against short and long term company goals, and not rushed into lightly.  Here are a few more growth strategies for your startup.

 


 

Since 2005, our high-performance executive clients have helped Red Butler continuously improve our service model. Today our clients enjoy the service quality of an experienced in-house executive support team for less than the cost of one additional hire.

 


 

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Topics: Startups, Best Practices

Use a Mentor to Refuel Small Business Growth

Posted by Red Butler Team on 06/ 01/ 15

 

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As a small business owner, you have a passion for your business and know it inside and out. When growth stagnates or you are faced with an operations challenge, it can be frustrating or overwhelming. Sometimes at a critical juncture, having a third party take a look and make suggestions will make a significant impact in ways you may not even anticipate. 

 


 

Small business growth can happen quickly or be staedy over time. It can also fluctuate greatly, causing stress to the business owner. Completing operational paperwork helps with predicting how the business is growing and what specific short term and long term needs must be met. Writing a business plan, reviewing financials, determining whether to get investors - these are all common but critical tasks small business owners have to take care of in order to get an accurate picture of the health of the business. When working within a tight budget, it may not be possible to hire someone to help with these critical items.  We suggest using a mentor to complete these items, in order to get the expertise needed or at least to brainstorm ideas. 

One mentoring resource many small business owners don't know about is the SCORE mentor program through the Small Business Administration (SBA).  There are over 13,000 volunteer mentors in this program, each unique in their business experiences. There are retired CEO's, Business owners, and fellow entrepreneurs.  They may have people who have been in similar situations to your business. Here are the first few steps to getting started:

1. Go here to the SCORE mentor website. Then choose the industry you are in, what you need help with, and decide if you want to e-mail with a mentor or meet in person (there are hundreds of chapters across the USA). It is free and confidential, and the mentors are well qualified. Sometimes mentors may suggest a phone call once you have made contact via e-mail.

2. The mentor will analyze your issue and make suggestions.  They can also help write a business plan or review finanicials and make recommendations. From an operations perspective they can make recommendations to increase productivity. 

This is just one resource available to small businesses to help drive success, and we have highlighted just a few ways to use these SCORE mentors.  We hope you find using a qualified mentor helps you reach your goals more quickly.

Red Butler is a supporter of small business owners and their teams and is always on the lookout for innovative solutions like these. Visit our website today to learn more about how we can further support your business with our executive virtual assistants.

 


 

Since 2005, our high-performance executive clients have helped Red Butler continuously improve our service model. Today our clients enjoy the service quality of an experienced in-house executive support team for less than the cost of one additional hire.

 


 

Topics: Startups

3 Growth Strategies for Startups

Posted by Red Butler Team on 05/ 20/ 15

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As a startup, you may have times when growth has slowed or reached a plateau.  This can be frustrating, but there are several things which can be done to spur a new growth phase. We will look at some common growth challenges and offer some strategies to overcome them and trigger a new growth phase.

 


 

 Strategy One: Don't do it alone

Your startup is doing really well. So well you have been turning away business. Time to ramp up. Be more productive. Get an executive virtual assistant team on board from Red Butler. Instead of having just one virtual assistant, utilize a team of assistants. Delegate to them what you don't need to personally handle. This will boost your productivity. With only 24 hours in a day, administrative support is a smart and effective growth strategy.

Strategy Two: Don't get too comfortable. Shake things up.

The energy that goes into launching a startup can be enormous, so what happens to many startups is that once they get "off the ground", they relax and then shift into auto-pilot mode.  The day to day tasks of running the business takes over, and the creative energy and excitement which was reflected in everything the business did in the beginning starts to fade. No excitement= growth reaches a plateau. Shake things up.  Market your product in a different way. Focus on sales in a different way. Do something you haven't before to get more exposure. For example, you could get a table at a private trade show, or volunteer to be a speaker at a local entrepreneur meeting.

Strategy Three: Know when to get investors

Focusing your early days on finding investors can take up a lot of time that you could be spending selling your product or focusing on other areas of the business. It may be a good idea to work first on proving your product in the marketplace. By not having investors to answer to, you can experiment with different ideas and see what works best.  Then, when you have some numbers to share, seek out qualified investors.

Here at Red Butler, we are privileged to work with startups every day, and we love being an effective part of the overall growth strategy of these small businesses. 

  


 

Since 2005, our high-performance executive clients have helped Red Butler continuously improve our service model. Today our clients enjoy the service quality of an experienced in-house executive support team for less than the cost of one additional hire. Red Butler can help your startup reach short and long term productivity goals. Start here to see some examples of how other businesses have used Red Butler. .

 


 

Topics: Startups, 3 Things You Should Know