A documentary on the BBC2; ‘On Thin Ice’ got me thinking……
After almost two weeks of intensive Polar Training in Antarctica; James Cracknell, Ben Fogle and Ed Coates set off to race from the edge of the Antarctica continent, to race over 370 nautical miles across the largest ice cap in the world to the Geographic South Pole.
The racers will face constant challenges throughout their journey: surving in temperatures as low as -50C, navigating and skiing while pulling a 70Kg. pulk, climbing up to 9300 ft. to the South Pole and through everything working together as a team.
The bottom line is that, as in sport, there are no guarantees of success but equally there is no substitute for preparation. That's why coming up with a well thought out business plan is key.
In September we will be holding the InvestorQuest Investment Challenge and we are now seeking applicants to present at the event. It will be interesting to see how many of the business propositions can articulate exactly what they do and why they might be one of the winners...
Each presenting company has the chance of winning up to £1000 of top level Intellectual Property, Accountancy, Legal and Marketing advice from four of our Sponsors (£4000 in total).
Investors look for attributes that they have seen in ventures that have generally made it in the past: clear vision and value proposition, strong management that can navigate through the blizzards to success, understanding of the competitive landscape, a feasible route to market, etc.
The aim of the Investment Challenge is to encourage people seeking early-stage funding and business support to put their ideas forward. The funds involved so far are the Viking Fund, YFM Group and Aquarius Equity Partners. If you’re interested, then check out the InvestorQuest page of our web site for more information.